The strong jobs number was sold leading to a crazy close with a big buy program causing a late squeeze and narrowly avoiding a two down week close, but it did leave two doji on the SPY weekly chart. Russell on the other...
Read MoreThis is a continuation of yesterday’s study of the IWM using the Lazy Man template as a trading signal. One of the unique features of this approach is that the indicators embedded in the Prognosticator have...
Read MoreIs this what a bull market looks like? A couple of real ugly days, the negativity builds real fast, then we stop going down on the bad news and soar the next day. The market trended up all day without a single pullback on...
Read MoreIn the latest Lazy Man study I’ve merged the old 3 Finger Lead concept with the Lazy Man (SPY, EEM, XLB, QQQQ and TLT) to forecast trade opportunities in the BZB Market Rotator portfolio of 13 ETFs and 1 stock (GE)....
Read MoreWith oil prices breaking above the $100 mark, the market still managed to hold steady depsite a near break down intraday. Volume was light but breadth was good on NYSE. Apple, semiconductors, and a...
Read MoreWith its recent surge to new highs GLD is now bumping up against short term resistance at 140. The weekly chart indicates that level has produced at least a minor hiccup during the previous quarter although the...
Read MoreOne message that seems pretty clear is that $100-per-barrel oil matters. Even after the bell, equities continue to struggle as oil inches through that gateway. Banks like JPM were under pressure early due to reserve...
Read MoreThe bulls continued today to help lift U.S. markets to their third straight month of gains. Semiconductors were weak, and technology stocks in general struggled a bit after a negative call on the sector by a major broker....
Read MoreJust a quick update to Monday’s action. A late afternoon swoon took the wind out of the market’s early head winds but, true to form, the last 90 minutes produced the high of the day for most positive beta...
Read MoreOne correlated outcome of the rising Euro (we’ll talk about that later) is the decline in the dollar (shaded chart), which looks poised to hit its November sub-22 low. The Prognosticator is near neutral when...
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