The S&P and Nasdaq hit all time highs again today. Led by megacaps….and that is about it. There were twice as many new monthly lows as new monthly highs, but 3X more capitalized new monthly… 

The market is even more overbought than it was last week. A pull pack from here is the more likely scenario. It does not mean it will happen right way on Monday. It still may… 

It looks like the bull market will continue. I have been busy the last couple weeks and have not had much time to trade. That will change soon. Which is good, because I don’t like… 

….It does not mean it will pullback yet. The market is up 12 out of the last 13 sessions. That is not common at all. The S&P 500 is now outside its +3 ATR channel.… 

The market has fully recovered and hit an all-time high. It has jumped 10% in the past 3 weeks, which is incredibly aggressive. I am skeptical it will continue much longer. We are now sitting… 

The market ended the week just above current resistance. If there is going to be any follow through, we should see it push back to all time highs. The rally last week was a bit… 

That was an entertaining day. Unfortunately, most of the gains were baked in before the market opened. For anyone sitting on the sideline, they missed out on participating in the big show. I was one… 

Stocks have a tendency to have more meaningful rallies during downturns. One of the reasons is short sellers don’t stay in their positions long and want to get out before a reversal happens. This leads… 

The market blew through support on Friday and did not look back. It is likely we will have a bounce of some kind early next week. On the hourly chart, the market is still following…