Possible exhaustion and buyback blackout.
Short-Term:
Bears did not hit the pink box target last week therefore we saw another strong attack by the bulls. So by definition bulls are...
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...
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...
Big Boys are Back
I hope everyone had a Happy New Year!
Prior week’s recap:
As expected it was another low volume holiday week. We ended up testing the 204...
Bullish Pressure Still Building
Short-term:
Currently, the market is stuck in a small trading range within the much larger longer term range. Bullish pressure continues to build and the...
Range – but Volatility should begin to Increase
Short-Term:
So last week we did see some follow-though early in the week but the bears were able to capitalize, and we closed down about...
Range Likely to Continue
Short-term:
Bulls failed last week in trying for a strong close to the week and ultimately for June. This likely means that the 5 month...
Rates?
Short-Term:
Last week we stated to see gravity come into play as we expected. While we could see a small bounce early in the week...
Bulls Need to Push
Short-term:
As we expected we saw a bounce and move higher over the last week or so. Bulls need to continue to push higher here...
250?
Short-Term:
Last we saw a resurgence of strength after about a month of weakness. The breakout came from yet another flag formation. Unless we see...