From time to time I will be adding some ETF trend indications that I monitor with technical indicators developed by us over the past 30 years and applied to some 140 ETF’s. It should be obvious fighting the trend since last July,…Continue Reading →
As this day progresses it does not appear that a optimum sell level will be reached, (S&P 500 Index at 926, just under last Friday’s high would be optimum) so we are waiting. If you want to wait and not…Continue Reading →
The power of the market that allowed it to launch itself out of the hole was impressive yesterday and gives us the idea that this summer rally could go past 1320 maybe even to 1360. One must keep in mind…Continue Reading →
A number of commentators have pronounced last week’s rally in the stock market as a dead cat bounce. It could have been,  but it would appear to us to have had more energy than something dead although we would point…Continue Reading →
Look for oil to do a freefall to the 105 area in the next few days. This may lead to support for the stock market so we are doing some light buying in conservative accounts and lightening up short positions…Continue Reading →
The financials have led the current bounce in the market. Todays XLF rally high at 21.48 is within the major resistance area of 2142 to 21.67. 10:15 AM CDT
With the stock market, basis the raw S&P index, locked into a tight 1331 to 1386 range traders need to be aware of the big picture every day, if the market breaches the 1386 level the upside possibility of the…Continue Reading →
We try to walk you through the little stuff on the way to the bigger objectives. Oil is probably the most important factor at the moment, yesterday’s blowoff rally disintergrated and this points to the fact that the oil market…Continue Reading →
Today is a key day. This is the day that establishes yesterday as capitulation day for this stage of the stock market cycle. CNBC was all in a lather yesterday about the falling dollar and how that means $ 150…Continue Reading →
Fridays quick move down based on oil and the jobs report is another confirmation of the importance of the 1437 bounce high a few weeks ago. It does however, not necessarily point to further sharp declines immediately. Volume on the…Continue Reading →