Here is a look at the market indexes. The overall price pattern is bullish. We do have some divergences that are showing up. Typically those can me ominous but we’ve seen them in the past 6 months to no avail. So be wary of them but follow price first.
evening folks. Nice day in the markets thursday and friday while i was gone. At this point when market has broken key levels of support you have to assume the market is guilty till proven innocent. So any bounces toward 1300/ 50dma i will assume are reflex/relief bounces. Often a breakdown of key support after …
Summary: Market is sitting on support levels in the macro view with many stocks sitting on or failing below support. Libya and Japan continue to the fuel the bears as bulls trade nervously. In other words, it will be harder to go up than down in this environment. With even America’s pride and joy consumer company, …