Nobody can argue with the strength of the overall market-well, some naysayers of course can-but lately, their platform is on the subway wearing vest signs that read, “The End is Near.” Now, that’s not to suggest thatWall Street is just …
Thank U-Alanis Morissette Re-Worked-Sing ALONG
https://www.youtube.com/watch?v=i-jSWME37As
Thank you Stimulus
Thank you Janet Y.
Thank you, Federal Reserve
Thank you QE4
Thank you GDP
Thank you, thank you market!
S&P 500 (SPY) Subscribers: Positive Pivots in all
Russell 2000 (IWM) The …
2 weeks ago, I wrote about 4 scenarios that would have to occur as rocket fuel for the market. One-The Real Estate Sector would have to wake up. Two-The Financial Sector would also have to stay alive. Three-The rates couldn’t …
Semiconductors, Transportation, Retail and Homebuilders all did well during Tuesday’s session. The indices drifted and held critical lows. The FED taper talk had an initial impact until the market seemingly said, “Never mind.” The pockets of weakness are in the …
Happy Veteran’s Day! In keeping with bank holidays, the market was quiet all around with pockets of pain and pleasure. The indices that came into Monday’s session with inside day ranges from last Thursday began the day slightly higher than …
After Thursday’s nasty selloff, the Russell 2000 (IWM), the S&P 500 (SPY), NASDAQ (QQQ) and many individual instruments finished off the week with inside days.
In IWM, the top of Thursday’s red candle lines up well with the lows from …
From your Hot Air Balloon pilot: “An experienced pilot will bump along the ground to stop the balloon gradually, minimizing the impact.” Then, all hell can break loose! And so it goes. A cycle ends and ends badly with the …
How I see new highs in the Dow:
If you actually need to get somewhere, a hot air balloon is a fairly impractical vehicle. You can't really steer it, and it only travels as fast as the wind blows. But …
Those 4 scenarios we have been watching distanced further from realization on Tuesday. The Russell 2000s held the necessary support but retreated from the overhead fast moving average. The Real Estate and Homebuilders groups fell in price. The Financials also …
I watched for 4 scenarios to develop as the week began. First, that the Russell 2000s would recover, clearing resistance. That did happen although it still needs to clear the fast moving average. Secondly, that the Real Estate and Homebuilder …