Another Bounce is Due but Bulls are Weakening
Short-term:
Last week, Bulls tried to break out of the 2 week range, only to fail once again near the top. Some of our bounce...
S&P Testing All Time High
Short-term:
Bulls are still firmly in control and once again, showed some renewed strength to close out the prior week. There is also still a...
Jobs Jobs Jobs
Short-Term:
As expected we closed the 207 gap on SPY. The bears were very strong on this down move so I expect it to have...
Second Attempt
Short-Term:
Last week we saw The Bulls take advantage of the lower volume into the holiday weekend with a stong breakout from the Bear Flag....
Pullback will be Bought
Short-Term:
Gravity is starting to win out here. With such a strong move you have to imagine a model rocket going up in the air....
Fed has their Hands Tied
Short-Term:
Last week, Bulls pushed higher though Wednesday, but lost traction at the end of the week. Overall, we ended down .15% on the week....
Pullback
Short-term:
Last week, the Bulls made another attempt to push higher but the Bears answered right back on Friday. This leads us to believe that...
Happy 4th!
Short-Term:
Last week went exactly as we planned. We saw a final push higher on Monday, followed by a breakdown down on Thursday. We also...
Range
Short-Term:
Last week we treaded water a bit but Bulls were able to close strong on Friday. This increases Monday's importance. Another Strong up day...
Bullish Pressure Still Building
Short-term:
Currently, the market is stuck in a small trading range within the much larger longer term range. Bullish pressure continues to build and the...