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Storm clouds forming now in Northern New Mexico. A thunderstorm in this case would be a welcomed relief to the fires that have been raging. Perhaps the now oversold conditions on the McClellan Oscillators will provide some welcomed relief for …
Take you through slingshots, boxed in support levels and when confirmation happens
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The market broke the 20 Turnaround Tuesdays in a row streak just in time to get the cliché “June Swoon” primed and ready! Low volume selloff in the indexes with the S&P 500 back under 164 yet holding Monday’s low. …
We have become more strict on pivot stack, and...
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The market does not want to quit, gaining back more than ½ of its losses from Friday. And I love that so many traders try to pigeon hole the market into clichés as a trading methodology: “Sell in May, June …
Both long and short, very specific signals to look for
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Quote from last Thursday’s Daily: “The market remains in a firm bull phase, which is comforting at this point. That doesn’t mean we can’t or won’t see a move to test the underlying 50 day simple moving averages.” Tweet from …
Quote from last Thursday’s Daily: “The market remains in a firm bull phase, which is comforting at this point. That doesn’t mean we can’t or won’t see a move to test the underlying 50 day simple moving averages.” Tweet from …
Although the market moved up slightly today from the established high end of the range made on May 22ndto the low end in place from this past Tuesday (May 28th), it is still very much “boxed in” in a range. …