Chugging Along Upward
In general, I am incredibly skeptical of this market. However, the trend is up and needs to be respected. The stock market it incredibly overvalued at the moment by most measures. We all know what… Chugging Along Upward
Vacation’s Over!
It was nice to take some time off. Note to self…it is hard to trade while traveling. It is better not to do it. Tracking is fine! January is not normally a strong month for… Vacation’s Over!
It looks like the wind is shifting!
Not withstanding the rally this morning, it looks like the bears are starting to take control. The market broke through support of where it has been trading for the past month or so. This morning… It looks like the wind is shifting!
Stuck in Neutral
The appetite to move higher seems to be waning. The market has been in a range for really the better part of the last couple months. It is a little concerning that the NHNL and… Stuck in Neutral
Stuck in the world’s slowest bull–bear staring contest
So much happened that….nothing happened. The bulls and bears are still fighting to a stalemate. The hourly chart could not be more boring. It feels like this may be a buy the rumor sell the… Stuck in the world’s slowest bull–bear staring contest
Still Hanging Around the Top of the Range
The longer the market stays stuck in neutral at the top, the more it looks like it may pull back a bit to gear up for another run. The trend is up and needs to… Still Hanging Around the Top of the Range
Stuck at the Top of the Range
The market has been in stuck at the top of its range for the past week. So far, it has not been willing to make a decision on what it wants to do. I still… Stuck at the Top of the Range
Thanksgiving Feast!
The markets rallied hard last week. A pullback of some kind seems likely this week. December is normally a good month for the market. The AI bubble has thrown the normal seasonal gyrations off this… Thanksgiving Feast!
Still Looking for a Bottom
The market bounced off support on Friday. The 6650 area seems to be an important level. If the bulls are going to take a stand, here is the first place to do it. This will… Still Looking for a Bottom
Looking for a Bottom
The market ended higher today and should open up tomorrow after NVDA’s good earnings report. Is this a resumption of the rally? The market has bounced off support and is now range bound. New monthly… Looking for a Bottom