Mosaic (MOS) is in its third session of consolidation after rocking Wednesday morning above near-term resistance at 65.40/45 up to 68.50/60. Based on my intraday work, the orderly digestion period between 68.00 and 66.00 looks...
Read MoreThe stock market indices rallied for a fourth day in a row Thursday and broke through key overhead resistance, at least short-term, at 2300 on the Nasdaq 100, although the S&P 500 closed right at 1320 resistance. So,...
Read MoreFor all of the trepidation about a Greek default, and the possible dis-integration of the euro, it appears to still have the upper hand in its relationship with the dollar. Perhaps Chairman Bernanke would not want it any other...
Read MorePart of the reason it held late day was favorable legislation for the credit card companies to take more of your money due to fees that are out of this world ridiculous. But that’s what gave the market a boost late day. It...
Read MoreThe stock market indices had their third consecutive strong session in a row to make it a perfect week so far. The day started out with backing and filling action, a bit of a dip that held support, and then they took off in a...
Read MoreThe stock market indices started out the day with a strong surge, and stair-stepped their way higher all day today. There was a late afternoon pullback, but in the last 15 or 20 minutes they spiked up again, closing at the highs...
Read MoreHeading into the final hour of trading, the e-mini S&P 500 is pushing up against critical, final key resistance at 1293.75. If this level is hurdled and sustained, concurrent with a climb in the cash SPX above 1298.61, that...
Read MoreThe week started off with a bang, as the stock market indices had very strong gains in very bullish fashion. The indices started out with a surge to the upside and rallied strongly. By mid-morning they consolidated in a flag,...
Read MoreThe market staged a very nice rally today as those MACD’s started crossing up positive over negative today. No news over the weekend, along with those crosses, gave the market a lift few expected as things looked very...
Read MoreFrom a point and figure chart perspective, today’s $1.00 recovery rally in Exxon (XOM) does not appear to be consequential, at least not yet. Heavy resistance starts at 78.50 and stretches up to 81.00, which will have to...
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