Thursday, November 21, 2024

Distribution – Pullback Imminent

Short-term Last week we rallied on Monday and faded the rest of the week. Ideally we will see a final push up early this week....

Pullback Due but Santa to Come First?

Short-term Last week we did see some weakness mid week, but once again it was quickly bought and we saw yet another new all time...

Still Overextended

Short-term Last week went as expected, we saw a pullback early in the week which was subsequently quickly bought. The small pullback did not rectify...

Overextended

Short-term Last week Bulls not only hit the 262 target but blew right past it. This was largely due to the realization that tax reform...

2600

In our last update we nailed the 256 target and then once again the Bulls took back control as expected. Last week, with the...

Broader Market is Lagging

Short-Term: Last week went as planed once again. We saw a pullback early on that was bought into the end of the week. We are...

Overbought

Short-Term: Last week went exactly as planned.  We saw a small pullback that was once again quickly bought. This week we may see more of...

Strong Price Action but Hidden Selling

Short-Term: No updated last week since there was nothing new to add. We hit our 257 target on Friday as the market continues to march...

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....

Climax Phase

Short-Term: Last week we saw another bounce and yet another new all time high. This is starting to resemble climatic behavior. This week we expect...