Markets continue to be weak, but we’re starting to come close to some kind of a near term bottom. At the moment, I’m still treating this as a normal correction within a bull market with higher prices yet to come. Markets have been unsettled recently for any number of reasons including the Chinese [...]

The SP500 hit right around the 1090 target yesterday and magically bounced back up. We might get some further weakness even though the indexes are greatly oversold and due for some kind of a significant bounce. Until Bernanke gets reappointed and the President gives his State of the Union, markets will continue to [...]

Despite outstanding numbers from many companies a downtrend is currently in place. This is healthy and needed in order to restore some fear into the markets. Much too much compacency over the last month.
Near term target on the SP500 around 1110-1115. After that we’ll have to see.
Some talk today about the market [...]

Rallies often end and corrections begin when the most speculative names run out of juice. Take a look at BIDU upon Google’s announcement that they may leave China. BIDU is up $80 in two days as I and others were writing the obit for BIDU. That stock has always been one of [...]

All the signals are in place. Sentiment ratios are almost all negative. Put/Call option ratios, smart money/dumb money ratio, and the AAII (American Assoc. of Individual Investors) are now at levels that almost always signal a correction coming.
Hot money speculators and retail public money finally coming back in are still [...]