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
Bulls Looking for Third Time to be a Charm
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
VIX Drops Below 15/ New Trade!!!
12:30pm (EST) We love our job. Although the market can be frustrating at times, the homework you do can make things easier to deal with during market turmoil and choppiness. We pulled an all-nighter Sunday night as we did chart work on nearly 50 stocks and the current indexes and
Numbers to Watch/ New Trade!!!
12:40pm (EST) The futures market got a huge pop after the close on Tuesday after Turkey hiked its overnight interest rates with the Dow futures up over 80 points. The blue-chips had settled down before the European markets opened but were still up over 60 points ahead of this morning’s
Bulls, Bears and Turkey
9:00am (EST) The bulls battled back on Tuesday to once again hold the bottom of the current trading ranges while giving themselves a little breathing room. There was some major news after the close last night as Turkey raised interest rates that could send the bears backpedaling again today. Of
Dead Cat Bounce/ Key Reversal Powers Bulls
9:00am (EST) The shorts got punished on Tuesday as the bulls recovered Monday’s losses for the most part with Tech and the small-caps leading the way higher. Of course, nothing has changed as far as market direction as the 4-week trading range continues. However, the push to new highs in
4Q Earnings Season Heats Up/ Profit Alert/ New Trade!!!
12:35pm (EST) Unlike most people, we love Monday’s as it represents a fresh week and a new start as the market reopens for trading. While we do enjoy our weekends, our Sunday’s are spent researching the market, drawing charts, and looking for new trade ideas. We often stay up until
No Market Mixed on Fed’s Head Games
9:00am (EST) The first five days of trading for January were bearish as the Fed’s meeting minutes did little to help the bulls dig out of their hole. There was a little volatility ahead and after the late day news as the zombies expressed confidence in the economy’s continuing improvement
Bulls Enter 2014 on a Roll
9:00am (EST) The bulls ended the year with a bang as the last trading day of 2013 produced more all-time closing highs. Much of Tuesday’s talk was about a 5% pullback with most of the slick-talking pros begging for a 10% spanking. Be careful what you wish for and we
Blue-Chips Lower on Another Mixed Monday/ Profit Alert!!!
11:50am (EST) Shoppers were out on Black Friday as the National Retail Federation reported total spending for the holiday period (Thursday through Sunday) came in at $57.4 billion. Despite the public debate against retailers opening on Thanksgiving Day, 45 million shoppers went out looking for gifts, a 27% increase from