Still in the Triangle
Last week, we further consolidated in the Triangle. Bears did win the week, but statistically both sides still have equal chances. We currently think...
Big Move in the Next Month
Short-Term:
Last week bulls took the entire week to give the top of the range another test. This test may still be in progress, but...
The Great Debate
Short-Term:
Last week we saw the flat to up move before the announcement and as expected the Fed held steady on FFR. We then saw...
FOMC Wednesday
Short-Term:
As we noted last week, we did see a lower low as expected. Bulls were then able bounce the market on Thursday and we...
Bear Hibernation Ending?
Short-Term:
As we noted last week, Bulls tested the upper part of the range one last time but could not go far. That now becomes...
Historically the Worst Month of the Year
Short-Term:
Last week, as expected, the market popped on a jobs report miss. We also did see another small 1-2% pullback into the July range....
Market Hoping for a Jobs # Miss
Short-Term:
We finally saw some strength from the Bears last week. The intraday chart on Friday was the strongest move we have seen from them...