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Last weekend, in my Market Forecast , I wrote: " For the new week, this week is still range-bound with a bearish bias. The longer the market hangs below SPX 1080, the more likely we'll see SPX test 1040 soon again. However, if the market rises above 1100, we'll likely see a new bullish formation...

Last weekend, in my Market Forecast , I said: " For the new week, the market looks to be on its way to break higher. The daily upper BBs have opened up; the 10-day MAs are crossing above the 20-day MAs. In addition, the 30-day MAs are trying to turn up. These are all bullish signals. This weekend...

Last weekend, in my Market Forecast , I wrote: " For the new week, things may be a bit tricky. First of all, it's options expiration week, so some "maneuvers" are to be expected. The market is definitely trying to draw a bottom. But, after charging higher 2 days in a row, we may see...

Last weekend, in my Market Forecast , I wrote: " For the new week, the market will need to push higher to catch the daily upper BB soon if this rally were to continue. SPX and Nasdaq spent the last 4 trading sessions hovering around their respective key levels. The daily upper BBs are closing in;...

Last weekend, in my Market Forecast , I said: " For the new week, although market indices still look strong, this rally is extended. Many tech and financial leaders could use a breather. On Tuesday, we have the FOMC meeting. The market may act undecidedly ahead of the meeting. If the market slips...

Last weekend, in my Market Forecast , I wrote: " For the new week, the market certainly has room to rise. But, it'll have to break above SPX 1120 to go higher . The market is very "emotional" right now, and, the weekly jobless claims reports seem to keep the market on its toes. (What...

Last weekend, in my Market Forecast , I wrote: " For the new week, if SPX can push above 1080, the market could rally higher to test 1100. Above 1100, 1120 is the next resistance. Tech stocks should continue higher if the market environment is strong. Gold is ready to push higher. We'll also...

This weekend is a triple holiday weekend! Happy Valentine's Day, Happy Chinese New Year, and Happy President's Day! Hope you've had a wonderful weekend! Last Sunday, in my Market Forecast , I wrote: "For the new week, the market could stage a bounce and bounce off of SPX 1060. Whether...