With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?

I have just finished a short video that details many of the key concerns that we have for this market. If you have not seen our videos before you may enjoy this one. This video does not require a plug-in.
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With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?

I have just finished a short video that details many of the key concerns that we have for this market. If you have not seen our videos before you may enjoy this one. This video does not require a plug-in. (more…)

Here’s a key video to look at this week.

I was just looking at the S&P 500 and I noticed a very pronounced cycle in this market that I want to share with you.

In my new video I explain exactly what I’ve seen and what I expect will happen to this market if this cycle continues on track.

You can view this new video with my compliments. There are no registration requirements. Please enjoy and give your feedback on our blog. Thank you.

The S&P futures look to have found some footing. The market chopped back and forth in the 878 – 890 for quite some time before breaking out making a series of higher highs and higher lows. The bottom for this pull back appears to be in place. If market manages to hold or increase gains and close up today, look for new market highs next week.

The rally is not over .. yet. As we have beensaying all month, “Buy the dips”. Look for the DOW to come close to, if not hit the 8200 area today and as high as 8500 on Friday. The S&P500 should make it through 900 by Friday.

Since our last market post, pre-market on April 8, the market has covered some serious ground (S&P 814 – 861) while many “market gurus” continue to sing their gloom and doom hymns (think they are caught short?). Although Mr. Soros has many more zeros on his bank statement than I do, I believe he and the others are incorrect. There will be pull backs and there will be corrections. Look at these dips as buying opportunities. We see the first serious resistance at 900 – 915.

We are looking for a bounce in the market today, tomorrow and depending on how much ground is covered, into early next week. The SP500 April 1 gap was filled during the overnight session leaving two gaps on the upside (April 3 and April 6). We think both will be filled in short time followed by anther higher high.

In our new video we are going to be looking at two different markets that are headed in two different directions.

We recently looked at the equity markets and alerted you to some very important levels that we thought the markets would have problems with. Those levels have now been reached and it remains to be seen if we are going to see the kind of market action that we were looking for.

The second market were looking at is the crude oil market. This market has recently come alive to the upside and bear watching.

This is a short video, but it may contain the blueprint for these two markets. No registration is required to watch this video.

Click here for the video