Quantitative easing (money printing), extremely low or even negative interest rates around the world are helping stock indices recover from the somewhat oversold levels. SPY gained a little over 1.6% for the week to end the week at $193.72. This oversold bounce was expected and it sure came as a relief for many investors. The question on everyone’s minds is of course whether or not this is a sustainable rally, or simply a short-covering one. Read the rest of this post here.

       Stocks spiked to 92-week lows on Wednesday and bounced towards the end of the week. 92-week low is an awkward number, but it translates into a 23-month low not seen since April of 2014. Technically, I cannot call this a multi-year low just yet, but we certainly look set to continue on the downside.

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         Another one of those weeks that bulls would like to put behind them. Stocks (SPY) dropped an additional 2.14% today to close the week at $187.81. We are rapidly approaching August lows. A drop below them could spark a stampede out of stocks as investors panic at 52-week lows. 
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       Stocks closed out the first week of trading sporting a dubious distinction. Dow Jones delivered the worst first 5 trading days of the year performance ever. Ever, as in the entire history of Dow Jones Industrial Average that goes back to February 16, 1885! If you are a stock bull you certainly don’t want to hear anything of this nature. If you are currently a stock bear like me – this is music to your ears. What now? This is the most common question on everyone’s mind. Read the rest of this post here

SPY ran into resistance, as if on cue, in the $208 area on Wednesday. The index then gapped down on Thursday and ended the week below its 200-day moving average (MA). This is decidedly not what the bulls want to see happen, especially during one of the most bullish seasonal periods of the year. Next few days should be crucial: the bulls must now make a stand or we may see a confirmation of the support break below the November lows.
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