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
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
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
Market Ends Mixed with Tech Up, Financials Down
9:00am (EST) The bears made another attempt at cracking near-term support but the bulls held for the most part with Tech and the small-caps posting a gain. The Financial stocks continued their slide and weighed on the major indexes but don’t give up on them as they could be bottoming.
Market Ends Mixed as Tech/ Small-Caps End Lower
9:00am (EST) The bulls made some noise on Wednesday but some of them left the party early after a few bears were spotted. The gains from the blue-chips were impressive and the S&P won its seventh-straight session but we have been mentioning we would be preparing for a pullback, starting
Bulls Continue to Roll
9:00am (EST) The bulls made another surge up to and past resistance in Tuesday’s trading as Tech hit another fresh high while the S&P 500 extended its winning streak to 6-straight sessions. The bears are on the ropes and could be setting a trap but the longer they wait, the
Bulls Push Next Waves of Resistance
9:00am (EST) The roadmap we laid out for September has been followed perfectly by the bulls as they were able to push the next waves of resistance on Monday. We mentioned a rally could last through midweek and Wednesday’s close and the back half of the week are setting up