Category Archives: Uncategorized

Infosys Investors Taste Disappointment for Breakfast With 7% Drop Brewing: Chart

(This article was published on TheStreet.com on August 21) Shares of Infosys Technologies (INFY) dropped 13% in Friday’s session after CEO Vishal Sikka resigned amidst continuing criticism of his stewardship and compensation from company founders. The drop took the stock price down to test its 200-day moving average and the support line of a rising… Read More »

“Spinning Tops” on the Market Averages

Call them “dojis” or “spinning tops,” but the candles that formed on the charts of the major market indices in Friday’s session are interrupted the same way, as indecisive. I’ll look at the averages in detail and on multiple time frames over the weekend.

Bill Gross: This is Not Capitalism

Here’s a link to yet another Bloomberg interview with the “Bond King.” It’s nothing knew, just another warning about an apocalyptic credit cycle implosion and the potentially irreversible damage being done to the US economy by current Federal Reserve policy.

S&P Channel Test

Despite the false breakout earlier in the month, the subsequent pullback that took it back below its 50 day moving average, the dovish FOMC statement, and the formation of negative candles over the last several days, the S&P has returned back to penetrate the upper end of its trading channel, and there is a likelihood… Read More »