In last week’s article, I pointed out three levels of resistance that I thought would keep the S&P in check over the next few months.  I have to admit that so far, that prediction is looking good, but one week does not make a trend.

Well, so far this year the S&P and Nasdaq are both in positive territory, the S&P by a little and the Nasdaq by 10 percent.  It has been a strange path to get to this positive territory with a huge drop in January and February and then a monstrous rally since then.

We’re comforted by the fact that we’re in good company in our bearish stance. Stansberry and Associates’ Jeff Clark left the party when the S&P 500 crossed over 855. He says there are three brutally bearish sell signals right now:

You’d think that after losing over half its value, the S&P 500 would be cheap. But you would be wrong, too, just by thinking that thought.

It’s a widely known that dogs have the capability to sense fear. In that regard, I consider myself a Pit Bull. I can sense fear in the market from thousands of miles away.

The evidence that the stock market pays off is circumstantial, but strong. If it were a crime to make money, a jury would convict on evidence like this.

Marc Lichtenfeld is convinced we’ll soon have a once-in-a-generation opportunity to buy assets at irrationally low prices. Market conditions are extreme at the moment. But this will pass, eventually, and stocks will recover strongly. Marc gives six reasons why it will soon be time to load up on stocks again.

The big New York newspaper is at it again. Instead of the usual full frontal praise, Mark Hulbert gave yet another subtle pat on the back to index funds this month.

It’s only the fifth day in June, but already investors are getting nervous about end of quarter earnings reports. There’s still almost a month to go before most public companies close out their books for the second-quarter, ending June 30.

A recent article in the Wall Street Journal reminded me of an old Sunday school lesson from years back. It applies perfectly to the stock market…”the first shall be last.”