Author: Jeff Pietsch

Trade Bots look to be hard at work defending the SPY’s 500-Minute EMA.  I wonder if, in the day’s ahead, yesterday’s fast break on the Bove/ Wells Fargo downgrade may embolden bears once more after this...

Cumulative Tick and other internals aligned for a quick trip back to new highs after the premarket gap lower.  At this point, I assume that the VWAP will therefore continue to provide support and perhaps act as a launch pad...

Maybe to a degree. Price has faded hard from the open, but is holding in well at the five-day moving averages of the SPY and QQQQ. IWM isn’t fairing quite as nicely. As we are discussing in the chat-room, we are all now...

With markets roaring back and the SPY having broken $110 for the first time in over a year just moments ago, it seems that Relative Strength Rotation methods have come back into vogue.There are literally dozens of ways to define...

Lots of green on the screen to start off the new week, save Treasury Bond Rates and the beleaguered US Dollar.  Internals are showing impressive strength, though I note that the Advance – Decline line is taking a...

(Click Image to Enlarge/ Glossary)Earnings gyrations and all, the S&P500 (SPY) still managed finished the week higher by another +1.5%. In fact, all of the major sectors were higher with the exception of the Financials (XLF)...

Price has found support in the mid-SPY $108 region near the Wednesday lows and just above the five-day moving average.  Market Sentiment is holding in there, but internals are pretty bad, as you might imagine.  In...

Title says it all… We have largely recovered from the preopen gap lower, but internals are flat to weak at best.  News risk looks to continue to predominate trade, and, save the pattern of higher lows and highs on a...

I note that the SPX is struggling to surpass 1,085 at the mid-day even though internals are looking very strong and my Market Sentiment Indicator has pegged 100%.  I therefore suspect for now we could still leg up higher...

Markets are mixed at the mid-day with relative optimism in the NASDAQ100 headed into the Intel report.  While volatility has certainly picked up, it still looks like the range has been set for the day, though maybe we push...