Wedge
Short-term:
As we noted two weeks ago, there would be a 4th push higher in the current wedge pattern and we saw that last week....
Zero Gravity
It has been a while but we decided it was a good time to drop a post.
The first point I want to make is...
Range or Breakdown?
Prior week’s recap:
Last week went as planned once again. We fell early on Monday and then bounced again into midweek. On the bounce we...
Final Push for Bulls?
Short-Term:
Last week went precisely as we had anticipated. We saw a small pullback followed by a new high later in the week. Friday was...
Fed Rate Decision Week
Prior week’s recap:
Our title last week said it all. As we noted, the large up day on December 4th ended up being a head...
Bulls Must Push
Short-Term:
This week, the bulls need to follow through on the gains made last week. The momentum on a daily basis was strong so there...
Calm Before the Fed?
Sorry for the no post last week. We were having some technical difficulties.
Short-Term:
Last week the SPX lost about 1% after the over extend rally....
Fed has their Hands Tied
Short-Term:
Last week, Bulls pushed higher though Wednesday, but lost traction at the end of the week. Overall, we ended down .15% on the week....
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....
Pullback Should be Bought (Soon)
Short-Term:
As mentioned last week, we expected the pullback to have another leg down, which it did. On Friday, we saw a fairly large miss...