US stock futures look to be digesting yesterday’s gains on Tuesday morning after all major indices jumped around 3% to start the week. World markets are a bit jittery this morning as Slovakia is set to vote on plans to...
Read MoreIt’s amazing how much in the market can change in a week. Seven days ago, the market was selling off in an orderly fashion through August lows in the S&P of 1101. It certainly didn’t feel like we were near a...
Read MoreThe S&P traded through its 50day moving average, 1177, for the first time in months and is holding up, an extremely positive sign for the market at this stage. If we close above that area, it opens the door for...
Read MoreA promise from France and Germany to recapitalize Europe’s banks continues to drive the bullish action, as futures are 12-15 handles higher this morning. Over the weekend leaders of the Europe’s two signature...
Read MoreMarkets sold off this morning despite the better than expected jobs number, which was not surprising given the potent rally we have seen since Tuesday’s Technical Bullish Reversal. Futures initially jumped sharply after...
Read MoreYesterday I stated that I would love to see a gap up today that would be shortable, considering we would be on the 4th day of the strong rally. We were lucky enough to get some early strength up into the 1172-1177 heavy...
Read MoreUS stocks opened higher Friday morning after a better than expected jobs report, and are looking to build on an already powerful 3-day rally. The US economy gained 103,000 jobs in September, but it was not enough to make a dent...
Read MoreThis morning we highlighted the 21-day moving average, 1165 in the S&P, as a logical magnet for the market ahead of tomorrow’s employment report, and that target was hit today. Stocks continued to bounce as fears of a...
Read More1984: my first computer was an Apple IIC given to me by my parents in 8th grade (i was a very fortunate kid) ($1300). i was so excited when i got a 300baud modem having visions of hacking into banks and government installations...
Read MoreThe market continues to show impressive strength, pushing through yesterday’s high after a brief dip off the open. Since the reversal, I’ve stated with 75% confidence that Tuesday was the low for the year....
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