Author: Tom Busby

Weekly Dollar Index: The DX opens the week at 79.31. Above 79.75, the DX should challenge resistance at 80.00, and then climb past 80.50, and 81.00 to challenge 81.50, and 82.00. Below 79.00, the DX should drop past 78.50, and...

Weekly Dollar Index: The DX opens the week at 80.75 Above 81.00 the DX should rally past 81.50, and climb through 81.75 to challenge 82.00 and 82.50. Below 80.00, look for the DX to swing down to 79.50, and then move through...

      Weekly Dollar Index:   The DX opens the week at 80.55. Above 81.00 the DX should rally past 81.50, and climb through 81.75 to challenge 82.00 and 82.50. Below 80.00, look for the DX to swing down to...

Daily Opinion Above 1239.00 the market should challenge 1242.00 and rally up through 1245.00 to meet resistance at1248.00, 1250.00, and 1254.00. On the lower side, a drop below 1229.00 should send the market moving down to...

A break above 1235.00 should send the market up through 1237.00 and 1239.00 to challenge 1242.00 and 1245.00 before climbing past 1248.00 to challenge 1250.00. Below 1225.00, the market should move down through 1222.00 and...

Full Steam Ahead   The market regained its bullish ways this past week with a nice bounce of the area of 50 day moving averages to power ahead to new closing highs for 2010 in many indexes.  This had been anticipated...

The equity markets retreated in Friday’s half day trade based partly on financial problems in Europe and heightened tensions in Korea.  This day has historically had very high odds of being an up day but Wednesday was...

Daily Opinion Above 1194.00, look for the market to push past 1197.00and challenge 1200.00. A break past 1202.00 should get the market moving up to 1205.00 and 1207.00. Below 1182.50, look for the market to challenge the open of...

Daily Opinion Above 1194.00, look for the market to push past 1197.00and challenge 1200.00. A break past 1202.00 should get the market moving up to 1205.00 and 1207.00. Below 1182.50, look for the market to challenge the open of...

Daily Opinion A break above 1200.00 should send the market up through 1202.00, 1205.00, 1207.00, and 1209.00 before challenging 1212.00. If 1212 is broken, watch for the market to attempt to move through 1217.00 and challenge...