The stock market indices had another great day as the market went higher. The Nasdaq 100 tested key overhead resistance levels, while the S&P 500 pressed up against the 1360 level as well and had a solid day. The day started...
Read MoreThe stock market indices started out the week with positive action. The morning, however, was choppy as the indices moved lower, backed and filled, retested support on the Nasdaq 100 and S&P 500 and held. They then had a...
Read MoreAnd that’s the bottom line for the action we’re seeing. The weekly charts we know are bearish, but we also know the primary chart to follow is the daily chart. Only when the daily chart confirms the weekly chart can...
Read MoreAll of the action in the iShares MSCI Hong Kong Index (EWH) from the November 8, 2010 high at 20.24 into the March 17 low at 17.63 has the right look of a completed major corrective period. If accurate, that means that all of...
Read MoreSo much took place this week it’s hard to keep up with it all. The week began with an eye sore. The weekly charts on the small caps, mid caps, Nasdaq, Dow, and S&P 500 all flashed nasty negative divergences. The daily...
Read MoreThe four-month rounded base pattern in RadioShack (RSH) continues to mature as the price structure pushes up against its key multi-month resistance plateau at 16.30/40. If hurdled and sustained, this should trigger short...
Read MoreThe stock market indices suffered a sharp decline with a very sharp selloff in the afternoon. They did come back in the last 30 minutes, but still it was a negative day across the board. The day started out with a move down, The...
Read MoreLast week we discussed for subscribers the patterns unfolding in Ford (F) and General Motors (GM). With regard to Ford, we noted that the current outlook could press the stock into the 15.20-14.80 buy window, ahead of a powerful...
Read MoreThe stock market indices suffered losses today and were down sharply in the morning, but did manage to rally to take back a lot of the losses, and in the last hour backed off once again. Net on the day, the Dow was down 83.93 at...
Read MoreThis does not mean that things look good here and that we should start loading up. Not at all. It means we should have a small rally, but that’s about it. We should ultimately test lower again, and if that move down brings...
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