Interesting week last week. Lot to look at in the stock market indexes. The market is setting up into a few possibilities here that will show us numerous opportunities as they play out. There has been a huge strength in oil & gas names along with gold & silver. ideally to get a good market …
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.
Here you guys. Constructive week overall. Saw 2.7% gain in the sp-500 . A 3.67% gain in the Russell 2000 . A 3.76% gain in the Nasdaq. Nice action for sure.
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 …
Hey folks. interesting week in the stock market. That consolidation pattern that we had been watching for quite some time finally broke through the downside. We saw some definite signs of distribution. We did have a nice snapper on Friday. Watching for follow through on Monday. If we dont get it then we will have …
Morning folks futures are gapping down even with the price of oil down 2% plus. For weeks we have had an inverse relationshipin the market to oil. We saw that relationship start to unravel. We still are coiling inside a tight range on the SPX. Many traders will tell you when you see a …