Friday, November 22, 2024

April Showers?

Short-Term: Last week we saw the test of the 232 trend line on Monday and we rallied into the end of the week. The rally...

Bears want a Red March

Short-Term: Last week went exactly as we expected. Bulls had become tired and Bears were finally able to strike. This week we should see bulls...

Bears have a Shot

Short-Term: The Bulls are starting to show signs of fatigue. They still hold a slight edge but this is the Bear's best chance to attack...

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...

Pullback will be Bought

Short-Term: Gravity is starting to win out here. With such a strong move you have to imagine a model rocket going up in the air....

Nothing New

Short-Term: The amazing rally continues. We were puzzled when many of our models were not extremely overbought. They turned out to be right and we...

Gravity

Short-Term: The amazing rally continues. We were puzzled last week when many of our models were not extremely overbought. They turned out to be right...

Still Overbought Short-Term but Bulls Bought Time in the Medium-Term

Short-Term: Last week we broke out to a new high on Thursday. That invalidated the lower low call and put bulls back in the driver...

Still Overbought

Short-Term: Last week we were looking for a gap fill, and that was exactly what we saw. This week, we are still in a typical...

Overbought

Short-Term: As we week noted. We are looking for a final push up out of this range to become a false breakout. If we do...