The stock market indices had a sloppy downside day today after morning strength that tested resistance and failed. The indices then pulled back in a 5-wave decline, reaching the session lows with about an hour to go. They then...
Read MoreWhat other words could you possibly use now is how I see it. It’s struggling for a good reason. We have some difficult sentiment issues to deal with. A low 10-day put-call reading and a high bull-bear spread at 36% more...
Read MoreFrom a big picture weekly chart perspective, the series of higher lows and higher highs off of the October 2008 bear market low at 19.35 is the dominant pattern that underpins the iShares FTSE/China 25 Equity Index (NYSE: FXI)...
Read MoreDespite the fact that the stock market indices were up it was a very choppy road. They popped at the opening, pulled back and tested support, and when that was successful they rose sharply. They fell short of yesterday’s...
Read MoreAs we head towards Fed time at 2:15 PM ET, and release of another FOMC statement that could (is expected to) renew the committment to adding liquidity to the financial system, the developing big “M” top formation in...
Read MoreThe stock market indices ended mixed on the session after a last-hour sharp sell-off peeled back a vast majority of the gains and closed the indices right at the lows for the day. The day started out with a gap up. They then...
Read MoreSometimes you get too complacent and you have to pay a small price for that. For weeks now, we have seen the bull-bear spread get a bit out of hand on the too many bulls side of the ledger. To add to that, we are now seeing many...
Read MoreThe eventuality of higher longer-term Treasury yields in the weeks and months ahead appears to be relentlessly marching towards us now. Time to start monitoring the UltraShort 20+ Year Treasury ETF (TBT) for the next entry...
Read MoreThe market continues its slow and steady grind higher. Small candle sticks along the way aren’t great, but it is managing to move higher. The up trend continuing, but unfortunately, the daily charts are all near, or...
Read MoreThe stock market indices closed the week on a very strong note. Basically, they were up for most of the day and closed near the highs for the day and the week going away. As a matter of fact, the S&P 500 and the Nasdaq...
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