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US markets experienced their biggest drop since February 2009, with the Nasdaq getting hit the hardest down more than 5%. The selling was persistent all day and volume was heavy, signalling widespread fear and pessimism. Economic problems in the US are nothing new, and we have been aware of Europe’s deep problems for quite some time, but perhaps the difference now is the absence of the firm bid from the Fed’s QE Read more…
I first started talking about the Head and Shoulders Pattern in the S&P last week, and followed up on Tuesday with a chart showing the neckline of the pattern getting tested. The neckline was the 1255-1285 area. The measured move of the pattern is down to Read more…
GRAIL ADVISORS has filed paperwork to change the names for four of their ETFs, and the CUSIP for five of their funds. The funds affected are the RP Growth ETF (NYSE:RPX), RP Focused Large Cap Growth ETF (NYSE:RPG), Grail McDonnell Intermediate Municipal Bond ETF (NYSE:GMMB), Columbia Concentrated Read more…
Laszlo Birinyi thinks the current bull market is still intact and ultimately the S&P 500 is going to 2,000 by the time the rally runs dry. Not 1,400, not 1,450 but a booming, ripping, too good to ignore 50% higher from 
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