S&P encountering late afternoon resistance at the 50 day moving average. The "box" the we discussed earlier in the week has become a clear pattern of higher lows and higher highs. The 1325 area would be the next area of upward resistance....

There's no doubt about it – commodities have collapsed. While crude oil steals the headlines, across the commods universe the carnage is quite evident: The CRB index is down -14.8% since July 3rd and is now less than 8pts from its 200-day (394.5)...

Do You Feel Boxed In? As noted in one of our recent missives, the S&P 500 is stuck in another one of its boxes. How have boxes and general trends been resolved in this market over the past year? To the downside. Just as the January lows were...

In today's update: The latest, awful inflation numbers from the gubbamint... Targets for the S&P 500... a bounce is over due, we're eying 10 and 20 day moving averages; AutoNation pops up on the Option Scanner. Click here to get the full...

We've actually seen bearish rumors pretty much take on a life of their own in this market and morph from rumor to crisis of confidence. This can be a very dangerous situation – Bear Stearns takes the crown thus far. This leads us to again discuss.