The primary market indexes, DIA, SPY, QQQ, and IWM all closed higher on Friday, but the Economic Modern Family is hinting that the market may need a rest very soon.
When you review the descriptions of the condition of the …
It’s been an impressive week to say the least, and the question on so many traders’ minds is likely to be, “Should I take profits before the weekend?”
If this question is on your mind, and you’d like to wait …
The big news today is that the Transportation Index and its ETF (IYT) finally broke their highs set in November of 2014. This means the latest leg up in the DIA’s bull market is now confirmed according to Dow Theory.…
Today's commentary is by Geoff Bysshe, President, MarketGauge.com
After the market has a big move like the one the election just created, the next step is for it to be tested with a correction or pause.
This test begins to …
Today's article is by Geoff Bysshe, President of MarketGauge, filling in for Mish.
Due to my travel schedule, today’s commentary had to be completed before the close of the markets today. As a result, I don’t know how the market …
30 million years ago, many islands surrounded by channels were subterranean. Then, tectonic forces rotated those islands so they eventually uplifted from the sea.
Above, we see a similar story. What existed underwater some 30 million years ago, Friday suddenly …
The Bull, by a wide margin, is the front runner in the last leg of the relay race. However, there are no fresh runners for him to pass the baton to.
The Bear, running from behind at a moderate pace, …
As per the last several Daily’s, I’ve noted the parameters of several monthly channel lines of resistance that had to clear or fail to elucidate next direction.
The TLT (20+ Year Long Treasury Bonds) had to hold 118.55-119. The Russell …
We drove up to this dead-end and these road signs. I thought of the Scarecrow in the Wizard of Oz. While nailed to a post, he instructed Dorothy that some people like to go both ways.
The haphazardly strung “Thank …
Trying to keep flies from eating your roses can be a bit frustrating. However, unless an infestation occurs, the situation is more annoying than seriously concerning.
The day back after the holiday weekend, and many of the channel tops we …
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