Market Breaks Down After a 7 day consolidation the market declined sharply to end the week after Tuesday’s FOMC meeting. Spurred by disappointing economic and earnings news the ESU0 suffered a large loss Wednesday and drifted...
Read MoreDaily Opinion Above 1094.00, look for the market to move back through 1097.00 and challenge 1100.00. Once above that level, the market could rally past 1102.00 and challenge the open of August at 1104.50. Once past that level,...
Read MoreWeekly Dollar Index: The DX opens the week at 80.485. A break higher than 81.23 should send the DX up to 81.67. Look also at 82.31, 82.82, 83.22, and 83.64. On the support side look for 80.14 to try and hold the market up....
Read MoreAugust 9, 2010 Bad Jobs Number but Market Bounces The Friday morning report indicated that the employment situation in the U.S. continues to be bleak. There were 131,000 jobs lost during July which was much worse than expected,...
Read MoreWhat Type of Trader Are You: Part-Time or Full-Time? Before you start to trade, you need to establish goals in terms of how much time you can devote to trading. Are you going to trade on a full or part-time basis? Always keep...
Read MoreDaily Opinion A break higher than 1129.50 should open the market for higher prices at 1134.00 and 1137.00 before the market drives past 1139.00 and 1142.00 to challenge the January high at 1148.00. A break below 1119.00 should...
Read MoreDaily Opinion A break higher than 1100 should send the market rallying past 1104.00 and 1107.00. Once past 1107.00 watch for resistance above 1109.00 and 1111.00 before the market moves through the 1113.75 open of the year and...
Read MoreDaily Opinion A break above 1084.00 should challenge 1087.00 and 1089.00 before climbing past 1092.00 to challenge 1094.00, 1097.00, and 1100.00. A break below 1072.00 should challenge support at 1069.00and 1067.00 before...
Read MoreEPS Season – July 12, 2010 Earnings reports for the second quarter begin in earnest this week and should add some volatility to the equity markets. Alcoa Aluminum (AA) is the traditional stock that kicks off EPS season and...
Read MoreJuly 8, 2010 The equity markets enjoyed a nice rally day Tuesday as the oversold condition finally got the better of the sellers and S&P 500 futures bounced over 30 points. It was the largest single day rally in weeks...
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