Markets pushed to new highs on the year and couldn’t build on that momentum. As of now, we are below that 1422 level–with highs at S&P 1424. The same level on the SPY was $142.40ish with the highs of the day at...
Read MoreAs we hold this 8 day moving average on the S&P I anticipate price to begin to break away – as we saw this morning, it could be the start of 2 or 3 day pull back. As usual we check in on Apple (NASDAQ:AAPL), and the...
Read MoreThe hated rally continues to march on as futures point higher this morning. Apple (AAPL) continues its march, and looks poised to hit $700 in the near future. When AAPL goes, it hardly gives anyone a sensible way to enter and...
Read MoreUS stock futures point to a higher open Tuesday as the stealth rally continues. European markets are leading the way higher as hopes grow that the European Central Bank will pull down borrowing costs further in order to contain...
Read MoreThe market rebounded from some tepid early selling to finish basically unchanged to start off what looks like it will be another slow August week. On Friday we saw the indices trade in the tightest travel range seen in seven...
Read MoreIt’s been a mixed session so far, with no momentum in either direction. This type of action can be considered constructive for the bulls, as the moving averages have time to play catch-up and the overbought reading gets...
Read MoreToday was my first day back after a week of vacation, and as expected, I came back to a very selective tape. Some stocks on my radar moved, and a few didn’t, but that is what you anticipate in late August trading....
Read MoreOver the last couple weeks we have had a very tradable uptrend despite low volume and the fact that this is “one of the most hated rallies of all time”, meaning a lot of people are trying to short based on macro...
Read MoreMarket continues to provide opportunity as we head to the end of August. Spanish and Italian Bonds dropped to a six week low. The Bears say it’s the quiet before the storm, the same way we were stalling around 1400....
Read MoreThere is a saying on Wall Street that we’ve all heard a thousand times, but that doesn’t make it any less valid: “The trend is your friend.” Although trends can be followed on many different time frame,...
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