Holiday Week!
The market is normally bullish around the 4th holiday. I don’t expect this year to be any different. It is similar to the Christmas rally. Lower volume and less resistance to move higher. Still packing…
The market is normally bullish around the 4th holiday. I don’t expect this year to be any different. It is similar to the Christmas rally. Lower volume and less resistance to move higher. Still packing…
I have not had much time to trade and probably won’t until August when the move is over. Just paying attention to what is going on and trying not to make a hasty trade. The…
Interesting market. It pulled back the last couple weeks and appears to be ready to move upward by the end of last week. I am still extremely cautious given how over valued the market is…
I am always entertained by the explanation pundits give about why the market is doing something. In the morning, the market was dropping because the job numbers were too good. By the afternoon, it was…
The market resumed marching upward after it consolidated for a couple days. It is staying in a pretty narrow range on the hourly chart. The uptrend still has to be respected at this point. It…
Overall, the market is up a little for the week. On the hourly chart, it is very clear the market is really stuck in a tight little range. No idea who wins this one. The…
I am inclined to think the upward trend is about to resume. Friday started with a rally, flattened out and ended with with market close to where it started. Most of that price action is…
The market was down the last couple days and rallied today to bring itself back to even for the week. This is a typical consolidation pattern after a big run. The market is down in…
One indicator I use to help determine market direction is comparing 52‑week new highs vs. new lows. Since daily counts can jump around, I smooth it by adding the total new 52‑week highs from the…
The market was up for the week and is very overbought. It would be nice to see the market pull back a little more before it resumes it’s march upwards. I am not reading too…