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SPX Intermediate-Term Peak
By Arthur Eckart


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Many people in the UK, in fact as many as one in three UK taxpayers have paid too much tax! Greer & Taylor LLP a respected and trusted accountancy service provider has just launched a new website The Taxation People which can be found at www.thetaxationpeople.com the new online tax refund service is dedicated to getting the maximum legal tax refunds for indviduals whatever the circumstances on a `No Win No Fee` basis The Taxation People offer a online service, with a simple and easy to follow process that will guide you along the way as you get the refund you are entitled to. In the `my account` section of their site you can track the progress of your refund application and ask questions using a secure service. I would urge you to check out www.thetaxationpeople.com, where you can enlist the help of the The Taxation People who will get you the Tax Refund you are entitled to. Greer & Taylor LLP will be following up the success of their Tax Refund service The Taxation People by launching a cost effective Self Assesment Service, keep an eye on www.greer-taylor.com for more information.

Homeowner Loans
Another bill has just landed through the letterbox and your still haven`t paid the monthly direct debt to the utility firm. You`ll have to sort out funds for your credit cards next week and then there are the catalogue payments to make. It`s the same story each and every month where you struggle to keep on top of your regular payments. Having taken out dribs and drabs of loads over the last few years you now have to pay a number of companies back. What if you could amalgamate all of your loans into one fixed monthly payment? Suppose you could reduce the amount that you pay each month by spreading the payments over a longer period of time. Look into the various Homeowner Loansthat are available at the moment and you could end up paying less in repayments each and every month. Price comparison sites are the places to look if you want one of the Homeowner Loans. They`ll scour the marketplace searching for Homeowner Loansthat will suit your individual needs. Combine all of your debts into one slightly larger loan amount and you should have more money each month that can be put away for a rainy day.


The NYSE Oscillator indicates the stock market is near or has reached an intermediate-term peak. The two charts below are same period weekly charts of the NYSE Oscillator and SPX. There`s generally a positive correlation between the Oscillator and SPX. Normally, when the Oscillator is around 50, SPX is near a short-term top, and when the Oscillator is around negative 50, SPX is near a short-term bottom.

Currently, the Oscillator`s 10-week MA (blue line) is about 27, which is the third time over the past five years it has risen above 25 (see orange arrows). Each time the Oscillator`s 10-week MA has been above 25, SPX has pulled-back at least 5% within three months (also shown in older charts). Moreover, each time the Oscillator`s 10-week MA topped just below 25, SPX pulled-back at least 5% within three months (see gray arrows).

SPX upper resistance is 1,315 (previous multi-year high). Another (lower) resistance level is just over 1,300 (current weekly upper Bollinger Band). Short-term major support is 1,275 (prior high), and intermediate-term major support is 1,246 (also, a prior high). SPX has become less volatile over the cyclical bull market. Consequently, there hasn`t been a 10% correction throughout the three-year bull market. 10% corrections take place every 1 1/2 years on average. Therefore, the risk that the next pullback will be greater is high. A 10% fall from 1,300 is 1,170.

Charts available at PeakTrader.com Forum Index Market Overview section.

Arthur Albert Eckart is the founder and owner of PeakTrader.com Arthur has worked for commercial banks, e.g. Wells Fargo, Banc One, and First Commerce Technologies, during the 1980s and 1990s. He has also worked for Janus Funds from 1999-00. Arthur Eckart has a BA & MA in Economics from the University of Colorado. He has worked on options portfolio optimization since 1998.

Mr Eckart has developed a comprehensive trading methodology using economics, portfolio optimization, and technical analysis to maximize return and minimize risk at the same time and over time. This methodology has resulted in excellent returns with low risk over the past four years.

Article Source: http://EzineArticles.com/?expert=Arthur_Eckart

For more information about this article and/or the author visit Http://www.PeakTrader.com

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