The stock market indices had a solid up-day and closed near the session highs and 2010 highs. The day started out with a move up. Then they backed and filled for a couple hours on the Nasdaq 100, but the S&P 500 worked its...
Read MoreBank of America (BAC) has emerged to the upside from its one-week coil pattern, hurdling key near-term resistance at 12.75/76, and should thrust directly towards a test of the December high at 12.93 on the way to 13.25/50...
Read MoreThe stock market indices started out the week mixed and were somewhat volatile with a pop at the opening and then a strong rollover plunge to the sessions lows early in the morning, double-bottoming there. They then moved back...
Read MoreNo one likes that sound. Makes you cringe. Makes you scream and cover your ears. It’s just not pleasant. That’s where we are now. An unpleasant grinding market that refuses to change its stripes. It refuses to pull...
Read MoreSo far today, General Motors (NYSE: GM) has managed to hold onto the bulk of its 80-cent, 2.4% upside reversal from Friday, which could be a very bullish signal that a significant and successful retest low was established at...
Read MoreRetail buyers are in hanging in there with no real catalyst to take this market down off of overbought daily charts. We are overbought on the oscillators and on pure sentiment readings. The market wants to sell but it still...
Read MoreThe stock market indices ended mixed on the session on options expiration day. The technicals were slightly positive, and a lot of individual stocks we watch actually had a fairly strong session. The day started out with some...
Read MoreApplied Materials (AMAT) was the beneficiary of a Barclay’s upgrade this morning and an upwardly revised target price to 17 from 12, which is having a positive impact on the stock price. An upgrade to an already powerful...
Read MoreThe stock market indices managed to hold onto morning gains in the afternoon, with a bullish consolidation and late snapback that closed them not far off the session highs, ending with a rather nice session. Net on the day, the...
Read MoreAs we entered the noon hour, the S&P 500 saw yet another squandered opportunity by the bears to inflict some meaningful damage to the powerful upmove off of the late-Nov lows. Instead, the index, analyzed through its...
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