Calm before the storm?

Today's action has a "calm before the storm" feel, where a sudden move downwards might surprise investors. The markets have been in a kind of lull over the past few weeks, with volatility disappearing. This could be quickly shaken up if a selling wave emerges.

Short term pop ahead?

With markets closed Monday in the US for MLK, we look toward the rest of the week with the idea that our model is indicating the potential for a short term bounce. We think it unlikely to last long or have much strength, but the odds of a pop have increased recently.

Market looks heavy to begin 2009

The QQQQ's December slow rise has caused volatility to fall and complacency to set in again. Our model points to more long term selling ahead, but we must be on the lookout for short term pops. The market looks very heavy here.