The stock market indices had a down morning and then vacillated wildly after the FOMC announcement. This included a sharp dip down to 2132 on the Nasdaq 100, reaching trend line and moving average support, and a dip near 1184 on...
Read MoreIn our Webinar Monday evening, we reviewed the financial sector, a video clip of which is available in this Mid-Day Minute, and whose chart analysis is still very applicable today, ahead of the Fed announcement. Starting with...
Read MoreThe stock market indices managed to hold their gains today after gapping up in the morning, and ended with a solid up-session on election eve. The indices gapped up, pulled back early, and then held before rallying in a 3-wave...
Read MoreThe upmove in the S&P 500 has been natural resource and basic materials related, and natural gas should be a beneficiary. My near- and intermediate-term pattern and momentum work argue strongly that the US Natural Gas Fund...
Read MoreThe stock market indices started the week off with a bang but finished with a wimper. They gapped up at the opening, ran to 2148 on the Nasdaq 100 to a new 2010 high. The S&P 500 jumped to just under 1196, and basically...
Read MoreAren’t we all! The market is. Doesn’t mean it can’t continue to try to grind higher even though it’s ready for some deeper selling, if that catalyst would just make an appearance. The ISM Report today had...
Read MoreSome of the metals and mining names that will benefit from renewed growth (in excess of 9%) in China are moving this morning, including Arch Coal (NYSE: ACI). A strong China market, strong China economic data, and a Wall Street...
Read MoreNext week there will be absolutely no doubt about where this market is headed. Three huge separate events on deck and it starts off Tuesday, when we get the election results the market has been waiting for. It wants to see more...
Read MoreThe stock market indices were choppy all day like we expected and ended up mixed on the session with the Dow up just 4.54 at 11.118.49, the S&P 500 down 0.52 at 1183.26, and the Nasdaq 100 down 5.28 at 2124.45. The day...
Read MoreQualcomm (QCOM) is up about 2.5% today and after nearly a month of sideways digestion off of its Sep 30 high at 45.75 into Tuesday’s low at 43.21 appears to have finally resumed its underlying uptrend from the July low at...
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