Pre-Market Update: The market fell for the second-straight session on Thursday but the bulls did a good job of keeping the losses in check. There are still 2 trading days left for the month of March and despite this week’s pullback, there is a slight chance the bulls can make it up.
Bulls Hold Support
Bulls Looking for Third Time to be a Charm
1:20pm (EST) It remains to be seen if today’s slight push past resistance holds as the bulls try for the third-straight session to clear AND hold resistance. All signs continue to point towards a breakout and new highs into March but we mentioned the Fed Head’s testimony tomorrow could play
Another Failed Test at Resistance
9:00am (EST) The bulls teased Wall Street again after getting the indexes above key resistance levels but the rally faded in another choppy session. The bears didn’t do much damage as prior support levels are holding but the market feels like it is walking on eggshells. (continued…)
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
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…)
Earnings in Focus/ New Trade!!!
1:20pm (EST) The market has traded in a tight range to start the shortened week following Monday’s day off as the bulls and bears feel each other out. February has seen extreme daily triple-digit swings in the Dow and today’s action is just a pause in what should continue to
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
Back Test to Resistance/ New Trade!!!
1:45pm (EST) The bulls are testing resistance that served as prior support and the big question will be if they can hold current levels into the close. The technical damage done in recent weeks has occurred in dramatic fashion and traders are trying to call a bottom. The market pros
Bulls Face Crucial Test/ Profit Alert (ARIA)/ New Trade!!!
1:40pm (EST) It is always hard to time a market top but if the bulls can’t get off the mat, we may have witnessed one last week. The technical picture from our weekend chart work showed a continued test to new lows and the downside targets we outlined this morning