We won’t try to discern market trend until after the election. Tomorrow…

Stock market volatility may set in as the U.S. goes into pre-election mode. While Romney is commonly believed to be better for business, he also brings uncertainty over Federal Reserve policy. Markets don’t like uncertainty. Read More …

Not a big fan of ratings agencies, so take with a grain of salt. What this tells me is Wall Street analysts, advisers etc. have reason to be bullish for next year.

Well done, America! You’re paying off your credit-card debt at unprecedented rates! And the result is that the total amount of credit card debt in America is going nowhere. — Felix Salmon, Reuters

When the history books are written or market participants look at charts three months from now, the past two weeks may go down as the most important of 2012 – aside from how the US Read More …

If we’re not pulling back, we’re going higher. Overbought, yes.

Our pullback appears to be on track with the Dow on track to touch down on its 20-day moving average. We expect the S&P 500 and Naz to follow suit. Though… As always, we trade Read More …

The major indexes aren’t pulling back so swiftly. But we’re still in pullback mode. We’re still waiting like the patient traders we are.

Perhaps our pullback to the 20-day moving average (blue line) has begun. The Dow and Naz each racked up clear days of heavy selling  last week. Volume tends to preclude price action. Lets see where Read More …

Where we stop, nobody knows…

Once a new high is cracked, there’s little in the way of sellers watiting to unload at previous levels they’ve been burned at.