Despite the fact that the stock market indices closed up on the session, it was a negative looking kind of bear consolidation day. The indices did manage to stem the downward tide and rallied from the get-go with gap-ups at the...
Read MoreIf my work in spot gold is accurate, then the SPDR Gold Shares (NYSE: GLD) has unfinished business on the downside that will break the Dec-Jan lows at 105.31 and 106.01, on the way to 103.00-100.00 to complete the larger...
Read MoreMarket Overview: We started the day with a move lower once again. Markets across the oceans were lower and thus so were ours. You could feel the fear of buying after the selling over the past few days. During the week nearly all...
Read MoreThe stock market indices got crushed Friday to end the week on a down note, and it wasn’t pretty. The indices rolled over hard mid-day and closed at the lows for the day going away, with Dow down nearly 217 at 10172.98....
Read MorePalm (Nasdaq: PALM)’s violation of near-term support this morning at 12.40 triggered minor downside follow-through to 12.35 prior to a sharp rally to 12.93. The lack of downside extension beneath 12.40 followed by the...
Read MoreThe stock market ended a nasty session near the lows for the day on the S&P 500 and just off them on the Nasdaq 100. The day started out with a move down. They had a brief bounce and then a plunge. They gapped down twice on...
Read MoreWhen sentiment needs correcting, the only way to really do it is to shake the tree. If you get small drips and drabs it is quite unlikely that you’ll get scared out of the market. You’ll look at every small down move...
Read MoreToday we saw the Dow down as much as 210 points before it rallied off of some oversold 60-minute charts. It finished down 122 points which is still somewhat satisfactory for the bears. They can at least feel as if they did a...
Read MoreThe stock market indices had a pretty nasty selloff, especially in the morning when they nearly fell apart, gapping lower at the opening and then moving sharply lower after the opening gap. The indices dropped from SPX 1150 to...
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