Gene discusses The Fed announcement regarding rates. 

*No report tomorrow 

Gene discusses the S&P 500 trading levels. 

Gene breaks down the April 7th market lows and what they mean for investors. 

Gene discusses the Dow Theory. 

Gene discusses leadership stocks and how the market is near term overbought. 

Gene discusses the dramatic shift in investor's psychology since the April 7 bottom. 

*No report for tomorrow

Ongoing geopolitical and social headlines are weighing heavily on investor sentiment, pushing bearish outlooks to levels significantly  above historical norms. 

*No report tomorrow

Surely there are a number of sophisticated formulas, an osculators that can be observed  in trying to decern what the near term outlook in the market might be. A very simple or maybe simplistic way to go about it is to observe the CBOE Volatility Index, it has been pretty good at least in terms of offering what the current status of the market might be.

It is important to gage the market based on how it reacts to good news rather than bad news. The initial indications are good that the market seems to be responding fair ably to good news, which means that the market has yet to discount the good news on the horizon. 

Observing a chart extending back 18 months the S&P 500 has rejoined it basic up trend and that's remarkable given all the challenges the market has faced since early this year. It has come back in a very orderly, decisive and durable manner.