BIDU was trading lower on the session into the 10:00 am pivotal time frame. Then it staged a nice bounce which is common for stocks to do when they trade lower into a pivotal time frame. It rallied into the...
Read MoreThe U.S. Dollar Index was gapped higher at the open this morning. Often the dollar will gap higher and then fade. This usually give the market a bounce after the first 30 minutes. Well see if that is in the script today....
Read MoreThe market gapped higher today on the back of INTC and JPM earnings. Both companies blasted through earnings and saw the futures spike higher because of them. But what does it mean? Were they as good as one would believe...
Read MoreThe SPY sold off on very strong volume this morning and formed a nice bottoming tail on the 10 minute chart. It is important to not that the heavy volume usually signals that the recent trend may reverse as sellers become...
Read MoreGold since the beginning of recorded time has been viewed as the one true currency. Ancient civilizations such as the Egyptians, Persians, Babylonians, Greeks, and Romans all had gold as the one true currency in their monetary...
Read MoreThe semi-conductors are strong today after a nice 60 minute consolidation pullback. Often pullback patterns of this nature lead to a move back in the direction before the consolidation. Notice how the $SOX pulled back for...
Read MoreThe markets are trading in a very tight range today after last Fridays gap down to the master level of $102 on the SPY. This signaled a completion of the second down move of the markets and a bounce was coming. The...
Read MoreThe year was 2007 and the markets were in rally mode. Every economist with the exception of a handful didn’t see any problems on the horizon. This was after a sharp downturn in late February 2007 when the market dropped...
Read MoreThe markets are trading flat to slightly higher on extremely light volume. The Federal Reserve began their two day policy meeting and will announce the results tomorrow at 2:15pm ET. This is the major contributing factor...
Read MoreWith a total of 195 billion in auctions this week, the dollar has caught a bid in the last few days. Why? The free fall in the dollar has had small bounces along the way. This usually happens just before and...
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