Bulls are getting Tired already
Short-Term:
Last week we basically went no where due to a small pullback after the FOMC. This week will likely be very similar. We are...
FOMC
Short-Term:
Last week, we saw the Bulls act quickly and Gap up to a new high. Bulls are now firmly in control and will look...
Tight Range
Short-Term:
Last week we saw the pullback we were expecting. This has now lead to a tight trading range. Bulls do have slight edge and...
Second Attempt
Short-Term:
Last week we saw The Bulls take advantage of the lower volume into the holiday weekend with a stong breakout from the Bear Flag....
Another Leg Down Likely
Short-Term:
Last week, we saw the effect of the thin air we have been talking about. The market dropped almost 2% from the high on...
Thin Air
Short-Term:
Last week we saw one of the first effects that the thin air we have been talking about. On Thursday The Market reversed early...
FED Week
Short-Term:
As we noted, Bulls have indeed bought themselves more time. We hit 80% of the green target last week but we will likely still...
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...
Range
Short-Term:
Last week we treaded water a bit but Bulls were able to close strong on Friday. This increases Monday's importance. Another Strong up day...
Happy 4th!
Short-Term:
Last week went exactly as we planned. We saw a final push higher on Monday, followed by a breakdown down on Thursday. We also...