Monday, December 23, 2024

Bears are Weakening

Short-term: Last week we saw the pullback we were expecting. We also filled the gap to the tick. The Bears however were the weakest they...

Pullback Likely

Short-term: Bulls finally pushed to the 280 level as we have discussed. However, so far it's, not strong enough and a pullback seems like a...

Bulls Need to Push

Short-term: Bulls are pushing right up against the boundary of the upper trading range. This means they must quickly push to the 280 level to...

Bears Need a Win this Week

Short-term: Last week we saw the bounce we expected and the Bulls made a fairly strong run. The rally however, is starting to weaken a...

Confusion

Short-term: Last week we saw a lower low as expected. We also saw the Bears be very aggressive early in the week which signals that...

Monday is Key

Short-term: So we finally saw the Blow off that we have been expecting for a few weeks. We witnessed the final Bull gasp and then...

2900?

Short-term: We saw a few more speed bumps last week as well as some capitulation. We are also at just extreme, never before seen overbought...

Blow-off Continues

Short-term Last week we saw some intraday strength from Bears with one Bearish reversal day.  Even though we saw yet another new all time high...

Irrational Market

Short-term The market is on yet another extreme Bull move. At this point the market has lost its rationality and extremes are just becoming even...

Turbulent January?

Short-term Last week was a low volume week as expected. However we did see a .36% decline. Much of this was due to last minute...