Significant week - Significant week for market.

This will be a significant week for the market, as OPEX is apon us. 

The S&P  broke out of the bull flag and looks like it wants to work its way higher. 

I will say this, $22.8 billion dollars poured into stock funds last week alone, yes, you did read that right I said $22.8 billion dollars. WOW!, that is the beginning of a trend you will see continuing because the fed has stepped up and said QE purchasing may stop this year. I do not know if that is the case, or they are just playing games, however, many people with 401k's and mutual funds have been forced to look at investing in the stockmarket. That is what you saw happen last week.

So this week will be very significant. 

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Bouncy Bouncy Bouncy!

Well, Say hello to the end of the 3rd Quater …

It seems the mutual funds sell S&P down on Monday, Tuesday, Wednesday and then we rally Thursday and Friday.

It is just a guess, but alot of the smart money was probably marking up the winners today ;)


I have zoomed back on the S&P chart to show you what happened the last few weeks, we seem to be bouncing off OLD resistance highs that were made way back in APRIL 2012. That is very interesting!

I posted USD charts yesterday explaining what was happening in the USD HERE and its line in the sand move!  It is very interesting, and I would keep watching the USD for signs of what  the market does in the short term. 

The chart above still proves the bulls have not lost their swagger just yet ;-)

Happy trading. 

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