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...
Stock Market Bulls Strike Back
Prior week’s recap:
Last week went exactly as planned in the market. We saw the Gap down when Futures opened Sunday night which ended up...
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...
Bear’s Must Do More
Short-Term:
Last week, as expected, Bears were able to break below 214 and that triggered the next wave of selling. We then hit our September...
FOMC and A Small Pullback Due
Short-Term:
Bulls had a decent week last week, but we did see a small pullback midweek due to the overheated conditions we noted. However, this...
Dog Days
Short-Term:
We went essentially nowhere last week, so mostly everything we wrote about last week still stands. We are in the Dog Days of August,...
Weekend Market Update – Possible Double Bottom
Prior week’s recap:
As we mentioned last week, it would have been better if the bears waited to attack later in the week. After the...
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...
God Save the QuEen?
Short-Term:
Last week we did see a rally early in the week as expected, and after a small pullback we ended the week up about .3%.
This...
Bulls Make an Attempt at a Breakout
Short-term:
It has been a busy few weeks weeks but nothing has changed in our forecast. The market is still stuck in this long range...