After ending its upleg from a major corrective low at 46.20 (Mar 10) to its 58.75 high (Apr 8), Freeport McMoRan Copper & Gold (FCX) has relinquished 50-55% of its prior upleg gains, which is the area to look to re-establish...
Read MoreThe stock market indices suffered another down day today as the Dow lost more than 117 points. The day started out with a move to the downside, and then a 5-wave move that took the indices to pullback lows for the entire last...
Read MoreThis morning’s pre-open down-gap in Apple (AAPL) and spike to 327.49 so far has turned out to be the low for the larger downleg off of the Mar 28 high at 354.34. The spike low, followed by what is shaping up to be a...
Read MoreThe stock market indices started out the week on a down note, although the Dow managed to eek out a 1-point gain. But the day was sloppy as they opened higher, and then sold off immedidately, bounced, and had a 5-wave move...
Read MoreWe test the high end of the range, and we test the low end of the range. Back and forth with now another effort by the bears to bring things down to the lower end of the range. The bulls have tried several times to get the job...
Read MoreBest Buy (BBY) got a positive mention today by research firm Cleveland Research, in which the analyst sees estimates above consensus along with a possible upside surprise because of a stabilization of sales. With that and with...
Read MoreWhat a boring market. I’m sure every one of you feel the same way. This is what happens when a handle is trying to be put in place. The market finds an area of resistance it will struggle with, but also finds an area of...
Read MoreThe stock market indices had a wild, back-and-forth, wedging-type session today, consolidating and closing not far off the close of yesterday in a mixed session. The day started out with the indices moving up sharply. The Nasdaq...
Read MoreThe most salient feature of the enclosed hourly chart on PNC Financial Services (PNC) is the wide Mar-Apr sideways channel that is actually a series of higher lows and higher highs that is putting pressure on the resistance...
Read MoreThe stock market indices managed to eek out gains today with an afternoon comeback rally, but the morning part of the session was volatile. They opened with big up-gaps this morning, and ran hard for new highs for the entire...
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