The stock market indices swung back and forth most of the session, but a late, sharp rally brought them back into the plus column and they closed not too far off the session highs with gains on the day. The day started with a...
Read MoreThe S&P 500 emini contract is pressing towards yet another probe of key support along the 1100 level, which also doubles as the rising 200-day moving average at 1099.70. As long as that support area contains any forthcoming...
Read MoreThe stock market indices ended near the flat line, but were up most of the day before a late pullback brought them back to near even. They actually went negative for a bit with a half hour to go, but snapped back into the close....
Read MoreThere are times when I think this would all be easier if I had you all in front of me and I could verbalize what I’m seeing and thinking. I’ll do my best to explain today’s action and what is ahead for this...
Read MoreThe iShares FTSE/Xinhua China 25 Index (FXI), after the pullback from yesterday’s high at 41.08 into this morning’s low at 40.68, appears ripe for upside acceleration. It appears to be consolidating between 41.00 and...
Read MoreThe stock market indices had an exceptional day as the bulls certainly roared today. The indices started out with a gap up, ran hard early on, reached resistance levels and backed off to consolidate, but continued its stair-step...
Read MoreSo the range between 1040 (3 tests) and 1105 (prior to today, 4 tests) was finally broken to the up side by the bulls. Fifth time the charm. Didn’t come easy. Yours truly sadly shaken out along the way. It was tough. It...
Read MoreGold and the SPDR Gold Trust (NYSE: GLD) act very well today, in sympathy with the upward pressure on the stock indices, as well as because the dollar is considerably weaker. I cannot help but think that also playing into...
Read MoreThe stock market indices started the week with a bang and a nice gap up, ran hard in the morning and reached the session high at about 11:00 am right at key overhead resistance on the S&P 500 near the 1105 area. The Nasdaq...
Read MoreWhat more can be said for a market that makes its fourth try at critical resistance with a positive divergence in place and spits the bit. Hard to believe how bad the market was today considering what was set in motion. If this...
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