Marty Griffin

33 posts
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Sep 29, 2022

9.29.2022 Market Update

9.29.2022 Market Update

We are sad to report that the almost 2% pop to the upside experienced by the S&P 500 on September 28th was primarily traders who were covering their short positions. Large

Sep 28, 2022

9.28.2022 Market Update

9.28.2022 Market Update

Much to the global market's surprise, the UK government has gone against the actions of the US Federal Reserve and has started QE (Quantitate Easing) to save the value of the

Sep 27, 2022

9.27.2022 Market Upadate

9.27.2022 Market Upadate

Pigging backing off our post from yesterday, the S&P500 and SPY dipped below the year low and the June low, marking a new yearly low of 360.87 during regular trading

Sep 26, 2022

9.26.2022 Market Update

9.26.2022 Market Update

Day after day there is more and more blood in the streets. The fed is hiking rates (as expected) and the R word (recession) is popping up more and more. The S&

Aug 26, 2022

5.26.2022 Market Update

5.26.2022 Market Update

The market is puking on the short remarks from chairman Powell at #JacksonHole.  We are looking for $SPY to hold 406.62 as a short term downside target. Below that we expect significant

Aug 25, 2022

5.25.2022 Market Update

5.25.2022 Market Update

$SPY with a strong push into close heading into Jerome Powell's speech at Jackson Hole tomorrow. If the market likes what he has to say, expect the gap in the chart

May 20, 2022

5.20.2022 Market Update

5.20.2022 Market Update

We have come to the close of another crazy week on the market. The SP500 is flirting with bear market territory (20% below a high), and was in that territory most of the

Feb 25, 2022

2.25.2022 Market Update

2.25.2022 Market Update

What a crazy few days on the market! After breaking down though the January low of 420.50 to around 411. $SPY made a monster move the last two sessions up to 438.

Feb 23, 2022

2.23.22 Market Update

2.23.22 Market Update

The downtrend in $SPY continues, breaking though multiple supports leaving bulls with the January low (around 420.50) as the last major support. If that level is lost we see continued downside. This

Feb 18, 2022

2.18.22 Market Update

2.18.22 Market Update

$SPY spent the day in our downside target range of 435-430. With the continued on certainly with the Ukraine situation and the Fed, it is hard to pick a trend. Currently we have

Feb 17, 2022

2.17.22

2.17.22

Another ugly day on the market surrounding uncertainty with Russia and the Fed. $SPY broke through 440 (a key support) and is heading towards Monday's low. Our downside target remains 435-430.

Feb 16, 2022

2.16.22 Market Update

2.16.22 Market Update

Another wild day on the markets. With the FOMC meetings release being a nothing burger, $SPY had an outside day and ended over the significant level of 446. We are not out of