For those that still believe in the power of technical analysis the TrendX suite is just about ready. We now have a combination of 3 indicators and 2 strategies that work in sync in provide trading signals on a small basket of...
Read More3rd reversal day in a row, but the bears are not showing any claws. Traders continue to worry about missing out on further upside and provided support on any small profit taking. Bears are afraid to press as there may be...
Read MorePrice is tracking it’s daily pivot in alignment with range day internals. The SPY is just under is Maginot 200-dma, but I wouldn’t over think that — price action has been in need of some...
Read MoreFor the second straight day, we opened strong from premarket gains and finished weak. The S&P 500 is up more than 8.5% in the last six days and gapped up big 4 out of the six days. Could the bulls be a little tired? Coming...
Read MoreOnce again price is up and over its 200-day moving average. As the fourth or fifth attempt (I’ve lost track), I have to expect one of these to finally take hold. Even though this finally puts us into firmer overbought...
Read MoreThe market made its fourth attempt at its 200-day moving average leaving S&P 500 (SPY) higher by +7.3%, the largest one week gain since the Spring of 2009. Next week offers a quieter reporting calendar, but certainly...
Read MoreLast week the portfolio saw a raising equity (2.7%). For the coming week a number of changes will take place: RIMM, NIHD and BIIB will be replaced with ALXN, ERTS and STX. Next week’s portfolio profile: Gold 28% Treasuries...
Read MoreWe are back to the levels seen two weeks ago with three big overnight gaps this week. Bulls missed out on this surprising move may support the market into the end of the year. Short term we are still overbought with the lack of...
Read MoreThus far its been the typical jobs day fade, but internals have retained strength so I’m not leaning hard on that at all.
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