The iShares Barclays 20+ Year T-bond ETF (NYSE: TLT) are acting relatively strong today, the day ahead of the Employment Report. Purely from a technical perspective, all of the action off of the Feb low at 88.51 exhibits bullish...
Read MoreThe stock market indices ended narrowly mixed today after a strong morning reversed and a strong sell-off in the afternoon brought them back to near the zero line. The day started with a gap up. They backed and filled early on...
Read MoreThis market is really trying to hang tough and hold S&P 500 1115. It’s not bad if it falls below by a few points as the oscillators unwind from overbought, but that level held on today’s lows as things finally...
Read MoreIt is that time again — for the bottoming of the 20-25 day cycle in the S&P 500 (SPX). The problem is that since the Feb. 5th pivot low at 1044.50, the ENTIRE cycle has been on the upside — so far. Usually, when...
Read MoreThe stock market indices ended slightly higher today, but that was after a last two-hour sharp sell-off gave back almost of all their earlier gains. The day started out with a nice gap to the upside. They backed and filled and...
Read MoreToday we saw most of the major index charts hit the top of their wedges with doji candle sticks meaning the sellers caught up to the buyers at this major resistance area. The top of the wedge is key resistance the bears want to...
Read MoreThe stock market indices started the week off on a very strong note, gapping up at the opening, moving in a sharp 5-wave advance early on, then consolidating mid-day, reaching new session highs in early afternoon, and backing...
Read MoreNo, we still haven’t made it cleanly through S&P 500 1115 or the next area of strong resistance but at least we moved higher once the S&P 500 and the rest of the critical index charts tested their 50- and 20-day...
Read MoreWhile the e-mini S&P 500 appears to be consolidating at the top of its upmove from last Thursday’s pivot low at 1084.59, the DXY (cash dollar index) is in the process of giving back most of its upmove from earlier...
Read MoreThe stock market indices ended the week and the month on an up note, but just barely. They started the day firm, but then rolled over hard on negative economic news but held intraday moving average and price support around...
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