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...