Daily Opinion A break above 1125.00 should allow the market to challenge resistance at 1129.00 and 1134.00 before rallying up through 1137.00 and 1142.00 to challenge resistance at 1145.00. Below 1112.00, look for the market to...
Read MoreDaily Opinion A break above Thursday’s high at 1117.50 should push the market through 1119.00 to challenge 1122.00. We could then see the market struggle up through 1127.00 and 1132.00 before climbing through 1135.00 to...
Read MoreDaily Opinion A break higher than 1113.75 should allow the market to challenge 1119.00 and 1125.00 before struggling past 1127.00 and 1132.00 to challenge 1137.00. Below 1100.00, look for the market to move down to 1094.00, and...
Read MoreDaily Opinion A break higher than 1096.00 should allow the market to challenge 1102.00 and 1107.00. The market could then move up through 1110.00 and 1113.75 to challenge resistance at 1119.00. A move below 1081.00 should send...
Read MoreOil Service Stocks BP is down over $3 today after a 2 day rally saw it climb to over $34 per share Friday. The low from June 9 was $29.00 and came on incredible volume. The next day the stock rallied on nearly as...
Read MoreJune 14, 2010 Can We Rally? The equity markets rose steadily last week to close right at the daily 20 EMA once again. As we have been pointing out this level has been resistance numerous times during this recent decline. The...
Read MoreMarket update June 11, 2010 Once again the equity markets have put together a multi day rally to work off extreme oversold conditions. This has been the pattern for the past several weeks but the trend still remains...
Read MoreDaily Opinion A move back above the 1064.00 open should allow the market to challenge 1069.00 and 1075.00. From that point look for the market to climb through 1078.00 and 1084.00 to challenge the open of the month at 1088.50. A...
Read MoreDaily Opinion A move back above the 1064.00 open should allow the market to challenge 1069.00 and 1075.00. From that point look for the market to climb through 1078.00 and 1084.00 to challenge the open of the month at 1088.50....
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