As fundamentals are “out of favor” at the moment … here the chart perspective for the S&P: Copyright by Tradestation As you can see … the S&P started its downtrend in October 2007 and accelerated one year later into a virtual free fall. After testing the parallel of the connection of the 2 highs (2000 [...]

Goldman sees end of 2009 an S&P of 1100 points … GS are looking for S&P to be 26% higher at the end of 2009 once the Q1 fiscal package is passed, impoved access to credit, home price stabilization and and Financial writedowns decline……. They wish, we wish, everybody wishes … X-mas time

H2 started quite volatile … and we all should be aware … as this footprint will be seen now many times … But to that later … First a word to the market as a whole … What setup did we have? A 9th down day in a row for the Nikkei … a record [...]

Merrill Lynch said its sees continued pressure on the U.S. equity market in the coming months as it sees the S&P 500 Index as less than 50% priced in for a U.S. recession that it believes likely began in January. U.S. Sector Strategist Brian Belski said that given the deteriorating fundamental and macroeconomic backdrop, he [...]

Fitch and Moody’s had negative comments last week … now S&P puts Oil into the fire … Be aware … tomorrow they will hold a conference call about the following press release … I don’t think, we will see anything positive … NEW YORK (Standard & Poor’s) June 2, 2008–At the conclusion of its review [...]

As I got loads of requests for the Chart picture of the S&P after yesterday’s DAX Analysis. Here we go: Picture is quite similiar … that is “globalization of markets” As the DAX, the S&P completed recently a bearish Gartley-Pattern … the corresponding extension targets are: 1300 (bullish case) 1170 (neutral expectation) and 1045 (bearish [...]

Another piece out of the never ending series … STUPIDITY RULES!!! Here we go … Brainless rating agency S&P, just a day after wanting us to believe their unbelievable story that we could see the end of the tunnel. The light they say was a bullet train Bear Stearns had a confidence crisis and the [...]

Every day the same story … market heads south … on REAL data … Today … retail sales … HORRIBLE … HFs going under … Bear Stearns about to go belly up Then … a white knight appears … if it is not Heli-Ben it is one of his “a**kissers” … Today … even two [...]