9:00am (EST) The bulls came into the week on the brink of a collapse and needed to hold the 50-day and 100-day MA’s (moving averages) to stop the bleeding from the prior week’s pullback. The indexes tested the lower levels of support we showed in our chart work but got
Bulls Need a Good Monday Showing
How You Like Them Apples (AAPL), Carl? New Trade!!!
2:20pm (EST) We touched base briefly on Apple’s (AAPL, $507.23, down $43.27) earnings this morning and we said going into the announcement they would post an incredible quarter but could “sandbag” their numbers going forward. The company has been famous for presenting earnings on a silver platter over the years
Bears Push December Lows
9:00am (EST) The market has been stuck in a 5-week trading range that has seen support and resistance tested numerous times but last week’s run to the top of the range and sudden drop to December lows has Wall Street spooked. The bulls are on the verge of a major
Bears Push 20-Day and 50-Day MA’s
9:00am (EST The bulls held their ground into Thursday’s close with the indexes finishing above their major Moving Averages (MA’s) following the bears best outing since last August. The blue-chips continued their divergence along with a few other sectors but Tech and the small-caps held up and the VIX simmered
Bears Push Support as VIX Spikes/ Profit Alert (ARUN)!!!
12:35pm (EST) If we closed our eyes and had to guess where the market was trading based on futures this morning, we would say Dow 16,200; S&P 1,825; Nasdaq 4,200. As we head into the second half of trading the Dow is down 177 points to 16,195 while the S&P
Small-Caps Pushing 1,200 but Futures Showing Lower Open
9:00am (EST) The market ended mixed on Wednesday with the bears attacking the Dow while the other major 3 indexes experienced slight gains. The shortened week has been volatile but yesterday’s action still showed signs the bulls could have at least one last ride in them before a possible pullback
Dow Making Another Triple-Digit Move/ Profit Alert (GALE)!
1:25pm (EST) Futures were showing a nice start to the week but the recent trend has seen strong opens weaken shortly after the opening bell. Today is no different as the market is mixed heading into the second half of trading. These types of patterns often occur within trading ranges
Bulls Pushing Fresh Highs Inside Trading Range
The market got off to a nasty start last week as the major indexes fell over 1% to test their 20-day MA’s (moving averages). The bulls rebounded on Tuesday and Wednesday as the triple-digit moves in the Dow continued before Thursday’s back test. Friday’s action may have seemed lackluster
Trading Range Holds/ Jim Beam (BEAM) Goes Global/ New Trade!!!
1:00pm (EST) Futures were pointing towards a slow start when we wrapped up our homework last night but turned positive ahead of this morning’s open. There were a ton of talking heads that said yesterday was the start of a correction but we said not so fast as we still
Bears Make a Stand
9:00am (EST) The market took a nasty dive on Monday in the second half of trading as the bears did some damage. The bulls were close to breaking out of the current 3-week trading range but the bears made a stand and fired back with a big day to push