9:00am (EST) Monday’s gains were good to see as the bulls finally cleared resistance for the most part but we mentioned there could be a pullback off the highs to prior resistance levels. Sure enough, the bears showed up in the second half of trading and battled the bulls into
Bulls Just Miss Clearing Major Resistance
S&P 500 Triggers Fresh All-Time High/ New Trade/ Profit Alert (IR)!!!
12:35pm (EST) Special Notice: If you haven’t logged into our Members Area to look at the charts from the weekend, please do so as it will really help you as a trader. We gave a detailed outlook on the near-term and long-term outlook for 2014 and these targets will help
Trading Range Developing but for How Long?
9:00 a.m. (EST) The bulls put together another solid week despite a spooky Fed report and shaky earnings and economic news as the market pushed resistance and was able to clear resistance. The bears made a growl at support midweek after the meeting minutes revealed some of the Fed zombies
Market Falls on Fed Speak
9:00am (EST) The market was choppy on Wednesday following an opening pop and drop that ended with a lower close following the release of the Fed minutes. Besides the usual rhetoric, the one problem that spooked the bulls was the hint at possible rising interest rates the middle of next
Small-Caps Shine, Blue-Chips Lag
9:00am (EST) Futures were green throughout Monday and into Tuesday’s open that led to an good day for the bulls. Although there was a little choppiness and a tight trading range on the Dow, the other indexes nudged forward to push highs and breakout territory. (read more…)
Bulls Reclaim Resistance/ New Trades!!!
2:15pm (EST) The battle at Dow 16,000; S&P 1,825; and Nasdaq 4,200 continues with the bulls reclaiming and holding these levels as we head into the final few hours of trading. We were pleasantly surprised when we arrived to the office this morning as the power was on and didn’t
Bulls Take a Breather
2:35pm (EST) Following 4 days of gains, the market has struggled in its drive for 5 as we head into the final hours of trading. The bulls made an opening push and officially cleared key resistance levels on a few more of the indexes but that pop has faded. The
Market Gellin’ for Yellen/ New Trade!!!
1:30pm (EST) Futures were showing a slightly mixed open for Wall Street today when we were doing our chart work last night and remained that way ahead of the European open. Futures were slightly weaker ahead of the opening bell and suggested today could be a wait-and-see session with flat
Bulls Push 2nd Wave of Resistance
1:40pm (EST) Futures were showing a strong open for Wall Street this morning ahead of the overseas market and before the Nonfarm Payrolls report came out. It was a good indication the market might move higher but once the news was released futures sold off. Dow futures had made a
Bulls Take One Step Forward
9:00am (EST) The market rebounded on Tuesday to test and hold near-term resistance but there is still headline risk the remainder of the week that could help or hinder the bullish case to buy stocks at current levels. The back test to resistance was a normal reaction but Monday’s damage