The stock market indices started out the week with a flat day. An afternoon sell-off brought them back down from mid-afternoon gains in a session that was choppy. The day started out with a move up off the get-go. The indices...
Read MoreAt least it should be. Without question the thing to watch for is a bottoming, which we did not get today, unfortunately, for the bulls. Looking for a gap down that prints a hollow red candle to tell me that an upside move is in...
Read MoreThe big kahuna of integrated oils is looking very toppy and very heavy. As we speak, Exxon Mobil (XOM) is under pressure that is probing key support between 80.00 and 78.80, which if violated should trigger downside continuation...
Read MoreI know the year seems as if it has been bullish, but this pullback that began six weeks ago has taken the gains out of this market for the year. The S&P 500 is up 1.1%, but now the Nasdaq is red by 0.3%. Not pretty since it...
Read MoreThe stock market indices started out with a down move, tested support, and then rallied pretty much for the rest of the day until the last 45 minutes when big gains were had and profit-taking set in. The indices rolled over,...
Read MoreToday is day # 59 within my 70-75 day S&P 500 cycle. This means that the cycle is 79%-84% complete (from its prior low on March 16), and also means that it is in its final 15%-20% (down hard) period ahead of its anticipated...
Read MoreThe stock market indices suffered more losses today, as the day started out with a move down, and then spent the rest of the morning consolidating before an early afternoon drop broke those patterns. They moved back and forth in...
Read MoreWhen studying markets, what you try to do is find a change of character. Something different that hasn’t been taking place for quite some time. Something out of the ordinary. If it happens once you can shrug it off as...
Read MoreLet’s have a look at the bond market from the perspective of 10-year yield, which apart from signs that “the world is falling apart economically,” nonetheless, is warning me that longer-term interest rates in...
Read MoreThe stock market indices had a nasty afternoon reversal and closed near the session lows going away in reversing rally gains that were completely wiped out in the last couple hours. The day started out with a move down, but the...
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