A Netflix folder sits next to David Hyman, general counsel with Netflix, during a Senate Judiciary Subcommittee hearing in Washington, on Jan. 31. Photo: Andrew Harrer/Bloomberg A Netflix folder sits next to David Hyman, general counsel with Netflix, dur

Call it market rule No. 1: A watched pot never boils. In this case the watched pot is the stock market and the boiling is the long-awaited correction that has yet to materialize. So far the Dow (^DJI), SPX (^GSPC), and Nasdaq (^IXIC) boiling points have

Companies are improving margins and generating profits as wage growth for the American worker lags behind the prices of goods and services. The year-over-year change in the so-called core consumer price index, which excludes volatile food and fuel, has o

On Friday, the market rallied up into the lower end of the Wave 5 target zone, but the short term charts seem to suggest a bit more upside still to come for Tuesday. Theoretically, this should be the last wave of this rally before a meaningful correction

SPX: Very Long-term trend - The very-long-term cycles are down and, if they make their lows when expected, after this bull market is over, there will be another steep and prolonged decline into late 2014. SPX: Intermediate trend - Intermediate uptrend st

The ES chart is giving some support to the bullish scenario, as my resistance trendline from early December was broken at the globex open on Sunday. I'll be watching the SPX equivalent to see if that is confirmed during real trading hours. If it is then