The market that just won’t fall didn’t again today even though it should. Should is a tough word in this bull market because what it should be doing and what it is actually doing are quite different. It should be...
Read MoreThe good news just keeps getting better for Apple (AAPL), as investors and consumers prepare for the release of the iPad (Apr. 12th?). In addition, according to the press, the company intends to build a new iphone that...
Read MoreSo much of the move lately has been a grind. Makes sense as an overbought market on the daily charts just can’t keep exploding higher. Now you have a few small negative divergences showing up making the job of the bulls...
Read MoreThe stock market indices closed narrowly mixed but had some gyrations Friday. Early morning the indices moved sharply higher, rallied to test resistance near 1965 NDX and 1174 S& P 500, and rolled over hard midday, reaching...
Read MoreNo real follow through again today by the bears after yesterday’s reversal stick. The market is trying to find a way to unwind those overbought oscillators without creating too much price damage within the major indexes of...
Read MoreThe solar sector was left out of the entire Jan-Mar advance in the major equity market ETFs. However, the chart pattern and the behavior of the Claymore Global Solar Energy ETF (TAN)’s biggest component, First Solar...
Read MoreNarrowly Mixed Session By Harry Boxer, www.TheTechTrader.com The stock market indices ended narrowly mixed today, but after a very strong morning rally they rolled over hard in the afternoon and gave back all the gains and then...
Read MoreOne way for a market to top short-term is to have a long run up overall over several weeks or months and then have a gap up to new highs that reverses during the day and closes below the open creating a black candle. This means...
Read MoreThe powerful rally in the S&P 500 continues…beyond my next target of 1175 towards 1180, using the emini chart. My pattern work argues that a new upleg began at Sunday evening’s “healthcare low” at...
Read MoreThat’s a nice change of pace for once. This market needed some selling and finally got it. There were many times during the day when it seemed the market would try and go green, but for once it didn’t happen, and I...
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