Weekend Market Update – Possible Double Bottom
Prior week’s recap:
As we mentioned last week, it would have been better if the bears waited to attack later in the week. After 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...
Weekend Market Update – 4th and Inches
Prior week’s recap:
Last week went exactly as we expected. We had the slow day on Monday, then a pullback on Tuesday and Wednesday. Finally,...
Testing Range High
Short-Term:
Bulls had a big breakout on Friday. Next we must see follow though this week with a break above 195 to make sure it...
Dog Days Part 2
Short-Term:
We went essentially nowhere last week, again, so mostly everything we wrote about still stands. We are in the Dog Days of August, and...
SPX Down 58 Points
Quick update this evening.
We filled the 195 Gap but left a new Gap to the upside around 196. That will likely be filled eventually....
Big Move in the Next Month
Short-Term:
Last week bulls took the entire week to give the top of the range another test. This test may still be in progress, but...
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....
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...
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...