The Great Stalemate!
Another week of trading in the range. The market moved higher the first part of the week, then reversed. Now sitting right in the middle of the range. With everything pretty much neutral, it can… The Great Stalemate!
The Battle for Direction Still Rages on!
The S&P 500 has been sitting between 6800-7000 for the last couple months. Neither side is interested in giving ground! What is interesting is the divergence of the Dow Jones vs Nasdaq. The Dow is… The Battle for Direction Still Rages on!
My Neck Hurts From all the Whipsaws!
The market pushed down most of the week and then had a powerful move on Friday. It shot itself back up to essentially even for the week. Support seems to be holding at the 6800… My Neck Hurts From all the Whipsaws!
Where do we go from here?
The market broke lower a few times last week-only to recover quickly intraday. The resistance line is easy to draw. The support line, could be drawn a couple different ways. February is not a strong… Where do we go from here?
Still Probing for a Direction.
The market broke below the rising wedge and then came back to test it. The lower edge of the wedge is now acting like resistance. At this point, it is more likely to break lower… Still Probing for a Direction.
The Market is Resilient, but for How Long?
Support and resistance lines certainly make sense to me. However, flags and other patterns less so. Mostly because I have not researched them as much. The market has been showing a rising wedge pattern for… The Market is Resilient, but for How Long?
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