It is difficult not be impressed with the price action in Johnson & Johnson (JNJ) during the 5-week period of extremely weak price action in the larger SPX. My technical works argues that all of the action in JNJ for the...
Read MoreThe stock market indices ended Friday very similar to the way they ended Thursday, mixed with the Nasdaq down and the blue chips higher. Despite the fact that they opened with big gaps to the upside and had a strong early...
Read MoreThe best thing to do is not be emotional. To write this update from a perspective that has no interference from what seems to be a bear market in the making. It may not be a bear at all, but let’s explore what’s...
Read MoreFrankly, there are so many cross-currents influencing the markets at any given time, uncertainty clearly has the upper hand — even when we think that new information or decisions are alleviating some of the uncertainty....
Read MoreThe stock market indices ended mixed today after a wild afternoon. They started out mixed, moved up in the morning and had solid gains, but just could not get through overhead resistance. Then they went into a sideways...
Read MoreThe stock market indices, after  yesterday’s big move up, had an equally, if not worse, move down today in an extremely negative session. Looking at the charts on an hourly basis,...
Read MoreYesterday was promising for the bulls. We had a gap up near key support. Always good to see a gap up when you’re so close to breaking down below key support. The gap up ran quite a ways higher before pulling back so late...
Read MoreThe euro is collapsing and taking US equities with it. Nonetheless, let’s have a look at the pattern that is developing in U.S. Steel (NYSE: X). The most salient aspect to the enclosed chart of X is the week-long,...
Read MoreThe stock market indices had the best gains in nearly two months. They gapped up big and ran hard in the morning, backed and filled the rest of the morning to consolidate, then went higher in the afternoon reaching the session...
Read MoreAgricultural product manufacturers of fertilizer and chemicals would appear to be a reasonable place to allocate some funds through the summer months in an otherwise unfriendly environment for the equity market — provided...
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