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So, we get a day off tomorrow, which makes the work week shorter and the weekend longer. It’s weird, I know, but I like that notion – a longer weekend. It’s just as well with this week in the market. A fella could feel a bit seasick if he hadn’t been on this ride before. Up...
July ICE cocoa futures a selling opportunity on more price weakness.   See on the daily bar chart for July cocoa futures that prices may be ready to roll over from the recent uptrend. A move below solid chart support at this week’s low of $2,962 would give the bears fresh...
It’s a short week with the Good Friday holiday, so I will try to be short and sweet with my words today. On Wednesday we heard from Fed Chair Yellen, and she repeated that any future interest changes would be based on employment numbers and inflation. The Fed also released...
Let’s get down to the basics of Technical Analysis —something called support and resistance. Support is a price area when a stock finds more buying pressure than selling pressure and the buyers drive the price higher. Resistance is a price area when a stock finds more selling...
As every market pundit tries to guess the direction of the S&P 500, there has been plenty of opportunity that would have served investors better than fretting over short-term volatility and trading the broad market.  Trading the S&P 500 is not a strategy.  As the...
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