The stock market indices had a very strong start to the day today, moving sharply off the opening levels to new session highs and rally highs, and 2010 highs in the first 90 minutes or so. At that point they pulled back and...
Read MoreThe market waited with great anxiety over what those job numbers would bring on Friday. The real anxiety was caused by the market being so overbought and with high expectations on the numbers being strong, the market seemed...
Read MoreThe big picture of MGM Mirage (NYSE: MGM) shows a series of rising lows since March 2009, juxtaposed against a series of rally peaks that form a formidable resistance plateau between 12.80 and 14.25. Currently, the price...
Read MoreThe stock market indices had a very strong last-hour rally to close in the plus column after having given up all their gains and moving into the red. After a strong opening, the indices gapped up, ran hard, reaching just under...
Read MoreThis bull market is really something to behold. It is doing mind boggling things we just don’t see very often. Not even in some of your best bull markets. It is staying overbought on the daily charts longer than I can...
Read MoreEveryday this week (so far) the USD has climbed against the Yen. Today’s action, in particular, is impressive because the USD has climbed, hurdled and sustained above its prior significant recovery rally peak at 93.78,...
Read MoreThe stock market indices ended lower today to end the month and the quarter, but were volatile during the session. They started out with a bit of a gap down, dropping quite sharply in the first 15-20 minutes, testing the lows of...
Read MoreNot a whole lot. Nothing to get excited about by any means. In fact, it looked like the early morning selling would be wasted once again. We gapped down on a poor ADP Report (ADP National Employment Report), which is a prelude...
Read MoreYesterday we noted that if all of the action in the SPDR Gold Shares (GLD) from the 3/3 high at 112.18 into the 3/24 low at 106.24 (5.3%) represented a completed correction, then all of the action since the 3/24 low represents...
Read MoreThe stock market indices had a quieter session today on the Jewish holiday with the indices closing narrowly mixed, mostly ahead but just narrowly, and with lower volume on the New York Stock Exchange. The day started with a gap...
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