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...
Weekend Market Update – Stuck, but Still Overbought
Prior week’s recap:
Last week the bulls attacked early in the week (it is still considered part of the 3rd push up pattern). We then...
FOMC
Short-Term:
After a pullback last week as we expected, we ended last week with a strong move up on Friday. Once again we think we...
Range?
Prior week’s recap:
Last week went exactly as planned once again. After some capitulation, we saw a massive relief rally start on Wednesday. This propelled...
No Follow Through?
So we finally did breakout to new highs, but barely. There has not been much follow through yet and the market has been pretty...
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...
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...
Zero Gravity
It has been a while but we decided it was a good time to drop a post.
The first point I want to make is...
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...
Double Bottom or Bust
Short-term:
The market fell almost 4% last week posting one of the worst Thanksgiving weeks in history. This week the Bears still need to do...