Yesterday we saw the market reverse beautifully off some very bad intraday lows. The Dow not far from being down 200 points. The late reversal and hollow bullish candle suggested today would be a very strong up day for the...
Read MoreAs we noted Thursday, the technical set-up of the Euro/$US exhibits the requisite conditions for the establishment of a near-term bottom, followed by a relief rally to 1.3750-1.3800 in the upcoming hours/days. Let’s notice...
Read MoreThe stock market indices ended lower on Thursday, but came way off the lows in the afternoon on what appeared to be a short recovering rally, which left the indices near the highs for today going away at the end of the session....
Read MoreThe S&P 500 has found a range to trade in and now it’s about which level gets taken out first. 1080 is strong gap support underneath current price while 1115 is strong resistance above. The bears were rocking this...
Read MoreGold — the SPDR Gold Shares (NYSE: GLD) and the Market Vectors Gold Miners ETF (NYSE: GDX) — have turned positive this morning, in the aftermath of intense selling pressure earlier in the session. This is a sign of...
Read MoreWith the over-arching 17-week cycle low due in the next two weeks, yesterday’s downside reversal in General Electric (NYSE: GE) could be very significant technically, especially because the price structure plunged below...
Read MoreThe stock market indices had a negative day and sharply so in most sectors. The morning saw a very sharp drop on negative consumer confidence index readings. The indices then bounced mid-morning, but then plunged mid-day to...
Read MoreThe coil pattern that is enticing me on the long side of Ford (F) has the right look of completion ahead of a powerful thrust to the upside that should propel F above the Jan high at 12.14 towards 13.50-14.00 and possibly to...
Read MoreThe stock market indices started off on a slightly weak note, but most of the stocks we follow and traded today had very good sessions. The day started out with a gap up, followed by a sharp pullback to test the 1812 area on the...
Read MoreIt’s important for markets to consolidate a strong move whether that move was higher or lower. When you get a quick move up such as we had, you get some very overbought short-term 60-minute oscillators. These short-term...
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