Author: Tom Busby

Thanksgiving   This is a holiday shortened week that may see light trading volume as traders enjoy a day off Thursday.  Friday is historically one of the lowest volume days of the year consistently.  However,...

Daily Opinion A break back above 1202.00 should allow the market to rally past 1205.00 and 1207.00 to challenge 1209.00. The market should then push past 1210.50 and challenge 1213.75 which is 100 points above the open of the...

Daily Opinion A break above 1187.00 should send the market up to challenge 1189.00. Look for the move to continue past 1192.00 to challenge 1194.00, 1197.00, and possibly 1200.00. On the low side, a break back below 1178.00...

Weekly Dollar Index: The DX opens the week at 78.325. Look for resistance at 78.75, 78.875, and 79.00. If the market breaks past 79.00 then look for 79.50, and 80.00. Above 80.00, this market could run.  On the lower side,...

Weekly Dollar Index: The DX opens the week at 78.325. Look for resistance at 78.75, 78.875, and 79.00. If the market breaks past 79.00 then look for 79.50, and 80.00. Above 80.00, this market could run.  On the lower side,...

Weekly Dollar Index: The DX opens the week at 78.325. Look for resistance at 78.75, 78.875, and 79.00. If the market breaks past 79.00 then look for 79.50, and 80.00. Above 80.00, this market could run.  On the lower side,...

Weekly Dollar Index: The DX opens the week at 78.325. Look for resistance at 78.75, 78.875, and 79.00. If the market breaks past 79.00 then look for 79.50, and 80.00. Above 80.00, this market could run.  On the lower side,...

Home Stretch – November 1, 2010   With Halloween now gone that means that the final two months of 2010 are beginning.  November also markets the start of the historically best 6 months to be long the equity...

Weekly Dollar Index: The DX opens the week at 77.55. The upper end of this market is easy to read. We saw it the last three weeks. Resistance is at 77.75, and 78.00. Last weeks high at 78.61 and then resistance at 79.00, should...

Holding Steady – Monday, October 25, 2010 The equity indexes continued to consolidate in a positive fashion with several stocks making large percentage moves typically related to EPS reports.  Recent trading sessions...