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 playRead more
Bulls Looking for Third Time to be a Charm
VIX Drops Below 15/ New Trade!!!
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’sRead more
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. OfRead more
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 inRead more
Bulls Enter 2014 on a Roll
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. Read more
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, startingRead more