Still Overbought Short-Term but Bulls Bought Time in the Medium-Term
Short-Term:
Last week we broke out to a new high on Thursday. That invalidated the lower low call and put bulls back in the driver...
Small Pullback Due
Short-Term:
We finally filled the 203 gap as expected. We are currently in a long rising wedge. However, over the last few weeks each of...
Looking to fill the gap.
Short-Term:
We saw a nice breakout of the small range last week, however, there was little follow though. This makes a false breakout a real...
Climax Continues
Short-Term:
Last week we saw a more climatic behavior, we likely see type of behavior continue over the next few weeks in between abrupt pullbacks....
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...
Bear’s Ball?
Happy New Year!!!
Short-Term:
Last week was a normal, low volume, melt higher, holiday week. We moved up about .25%, but we are now stuck in...
Inflection Point
Short-Term:
This week, should play out similar to the beginning of last week. Some of our indicators are pointing to a bounce so we should...
Bears have a Shot
Short-Term:
The Bulls are starting to show signs of fatigue. They still hold a slight edge but this is the Bear's best chance to attack...
Overbought
Short-Term:
We had a strong move last week, however we are currently very overbought, so a pullback here is due. This means if we are...
8 More days
Short-Term:
Bears attacked almost all last week. We saw a try at the top of the downtrend line early on Monday as expected. We then...