Quick Run Down: The market closed up just barely after starting the day weak. The bulls regained control at SPY’s support at 128.54 our key support was 128.44. The market rallied till hitting the morning resistance at...
Read MoreMy post of January 10thmade reference to a 10-Day 30-Minute chartgrid of the YM, ES, NQ & TF. I mentioned that any repeated attempts to advance convincingly beyond last week’s high will need to be accompanied by higher...
Read MoreBelow I’ve put together three charts that had been on a nice upward trend that is finally showing some weakening and a desire to shift directions and move much lower. Granted, we’ll need to see some market weakness...
Read MoreMarket has been very bullish with these last couple of weeks. A lot of dips being bought on an intraday level. We still haven’t seen any dips on a daily level. We did miss our jobs and retail reports this morning so this...
Read MoreEconomic Reports Due out (Times are EST): Jobless Claims (8:30am), Retail Sales (8:30am), Bloomberg Consumer Comfort Index (9:45am), Business Inventories (10am), EIA Natural Gas Report (10:30am), Treasury Budget (2pm) Premarket...
Read MoreGIS is an interesting stock to watch as it has the potential to break out to all time highs. GIS has been trending upwards for a while now and has failed to get above 40.75 during the last few weeks. This level represents an all...
Read MoreI’m going to take a little time today to put the case for the new bull market from the October low. Negative divergences against equities here are very numerous, and for that reason bear market continuation looks more...
Read MoreThe following graphs/charts (courtesy of www.Stockcharts.com) depict percentage gains and losses in the Major Indices and Sectors during several periods since the beginning of January 2011.The first two charts show price action...
Read MoreThis is by far, one of my favorite stock screens that I run. I have probably found more winning stocks (and big % ones at that) off of this screen, than any other one that I run. These stocks make it a habit to trade on their...
Read MoreThat is my question of the day. With Europe’s GDP shrinking well below 2008 levels and Britain’s trade balance declining below 2009 levels, is the U.S. really immune to the knock-off effects? Time will tell…...
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