Large gap lower followed by a downward trend with some buying interest at the end of the session. The VIX surged 7.99 percent to end up well above the resistance/support level at 30. Volume was averageFears that the United States is at risk of losing its AAA credit rating plus a fresh batch of bad [...]

Large gap higher and an upward trend channel from start to finish with a little resistance at 900. Volume was average
Citigroup’s (C) upgrade of Lennar Corp (LEN) shares to “buy” and Lowe’s Companies (LOW) raising its full-year earning forecast fueled the rally into life again. The Chicago Board Options Exchange Volatility Index (VIX) fell 8.7 [...]

The market opened with a gap lower and at the LOD. A timid classic close the gap rally was printed followed by a retest of the LOD. From there price entered into an uptrend straight to the Pivot Point where substantial resistance was encountered. Once the resistance broke price bounced from the 850 key level [...]

Market gaped down and remained directionless around the 850 level until 1:00pm where a rally to test Thursday’s high took place. Price remained at those levels for a while but again took off to new highs around 3:00pm. This last mini-rally was somewhat negated by a sell off that took price to a level close [...]

Market is ranging from 815 to 825. Volume was again low. Guess most people are on vacation. VIX continues to fall
TARP funds for the masses er well for insurers. Who’s next?. Uptick ruling doing the political tour for 60 more days. Home builders’ sector starting to consolidate in order to survive with Pulte Homes (PHM) [...]