This morning in pre-market trading, the UltraShort QQQ ProShares ETF (NYSE: QID) gapped down and established a new low at 19.27 off of the Feb 5th recovery high at 22.15. Remember, ALL of the major equity market ETFs established...
Read MoreOn Thursday evening, just after the market closed, the market took a shot to the jaw out of left field; although you can’t argue it was hinted at, when fed Bernanke raised the discount rate to banks to 0.75% from 0.50%....
Read MoreThe stock market indices ended near flat today after some vacillations and gyrations and despite an early morning sharp rally taking the indices to new 5-day rally highs. The day started out with the gap down and quickly tested...
Read MoreThe Jan-Feb high-level bullish consolidation area in Ford (NYSE: F) may be over –- ahead of a thrust towards 13.50-14.00 next –- or the pattern may “need” to press F down to 11.00-10.80 again to complete...
Read MoreThe stock market indices pushed higher today and extended the 5-day rally. The day started out with a bit of mixed action, and then they had a 3-wave move to new highs on the Nasdaq 100 but failed to confirm on the S&P 500....
Read MoreToday was a very interesting day from this perspective. Normally, when a market gets overbought on the short-term time frame charts, it sells off some almost immediately. If we were in a bear market or a strong down trending...
Read MoreThe “new” relationships continue today — strong dollar, relatively strong commodities, and equities, and compromised Treasuries. Let’s have a look at the Market Vectors Gold Miners ETF (NYSE: GDX)....
Read MoreRally Continues!By Harry Boxer, www.TheTechTrader.com The stock market indices ended up again today on Wednesday, but in a much narrower session and in a more of a consolidative pattern. The day started out with a gap up, and...
Read MoreAs for me, who knows but for the market, let’s explore the message(s) being sent. When one studies the market, the focus should really be on two things. Secondly, sentiment. It’s not an exact timing mechanism but all...
Read MoreThe stock market indices started out with the bang today with strong futures in pre-market. They gapped up, broke out above key short-term resistance, backed off early on to retest and then came on strongly in the morning....
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