Many chartists are currently harping about the big possibility that the US market is due for a big correction as they already see the three major indices; DJIA, Nasdaq & S&P 500, forming the bearish head & shoulders formation, a possible signal that the bear markets are a-comin’.
But before we go on to confirm what [...]

Recapping the highlights of the previous week:

The U.S. government bails out Citigroup (NYSE: C). Another bailout ? What about those automakers?
Sirius XM radio (Nasdaq: SIRI) subscribers wish they had an iPhone application. Them too? Steve Jobs can’t save GM and [...]

That’s right.  Not only is the name of the index S&P 500 (SPX) known as Standard & Poor’s but that is the best way to describe the condition of the index right now.  Why say something like that about the broader based index?  Take a look at how the long term chart looks and tell [...]

Recapping the highlights of the previous week:

Top executives at American International Group Inc (NYSE: AIG) knew of potential problems in credit default swaps, long before questions about the risky transactions caused its stock to plunge. Oh no! Caught red-handed!
Cisco Systems (Nasdaq: CSCO) won’t cutback despite [...]