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 gotRead more
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 yearsRead more
Bears Push December Lows
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 simmeredRead more
Bears Push Support as VIX Spikes/ Profit Alert (ARUN)!!!
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 pullbackRead more
Dow Making Another Triple-Digit Move/ Profit Alert (GALE)!
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 lacklusterRead more