Tuesday held no surprises as the market did a ramp and camp, which fits the terms of the technical bounce discussed yesterday.
Toward the close, I wrestled a bit with the wave structure, but in the end decided it appeared a little …
Tuesday held no surprises as the market did a ramp and camp, which fits the terms of the technical bounce discussed yesterday.
Toward the close, I wrestled a bit with the wave structure, but in the end decided it appeared a little …
Yesterday’s market maintained trade within the acceptable retrace range for a 2nd wave correction, however the decline was a bit stronger than I anticipated. What happens over the next couple sessions will hopefully go a long way toward…
Cycle projections rose on Thursday and are now pointing toward the upper 1400 range. In the latter stages of a move projections tend to be…
There’s a trap that’s easy for analysts to fall into. Let’s imagine you’ve been bearish for a while and anticipating a top. Let’s also imagine that the market has continued going up anyway, and yet continues to give…
The market broke through a couple of key resistance levels on Wednesday, and is showing some signs of going parabolic.
Yesterday, I spoke about the possibility that Minor Wave (2) up could complete its top within hours, and it’s entirely conceivable that came to pass yesterday. Once again, the market gapped up, and once again, the bulls took it nowhere …
The SPX (cash) has bounced from a 2 day cycle projection of 1266, but both 2 and 5 day cycle indicators have just turned down,…
A seasonally fudged gain of 80,000 in non farm payrolls missed consensus estimates by 10 or 20 thousand, depending on whose survey you like. That…
http://www.schaeffersresearch.com/commentary/content/monday+morning+outlook+market+stuck+in+neutral%
3b+djia+slips+below+11100/observations.aspx?ID=103703#103703
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What the Trading Desk Is Expecting: Trading Range Reminiscent of Late 2009
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As the averages test the highs, major channel lines lie just above. If they get through those lines, the next resistance levels are significantly higher.…