The point of the Focus List commentary is not to give a prediction of future market direction every day although on days were I think there is a high probability that I may be right with such a prediction I'll …
In the last Focus List I said we had enough consolidation to see a trend day. Unfortunately the gap today accounted for much of the trend of the day, but the market still acted as can be expected after consolidation. …
All last week I mentioned the fact that the market would face resistance as it moved higher, and yet it continued to appear top grind higher. Friday's down day is healthy. A distribution day in all 4 market watch by …
I spent a fair amount of time tonight looking at the markets from a number of different angles to figure out the most likely areas of support and resistance for tomorrow. My real consideration is how far up before you …
Today's commentary comes from Mish. I'm not on vacation, I just read how she described the our process of breaking down the inputs to determining a tradable perspective of market conditions and realized I couldn't have said it better! From …
It was an impressive day for the bulls almost right from the start. The gap to new lows continued lower for the first 30 minutes, but then the bulls took over and brought all but the Dow in back into …
Last night’s Focus List was titled “IWM At A New Closing Low” because it is/was extremely important. Well now you can add the SPY and the DIA to that list. The DIA did not break the intra-day low level of …
Friday was a mixed bag of pivot stack condition in if you included KRE and XLF which were positive along with the DIA. Everything else had negative stack. Before Friday is forgotten, I'd recommend taking note of these two important …
All 4 market watch charts (SPY, QQQ, DIA, IWM) came into Thursday with similar bearish conditions. Bearish phase, last close below both 10 and 20 day MA's last close below 3 pivot low, and negative pivot stack. The only positive …
Tomorrow is Rosh Hashana which means volume is likely to be very light, but it doesn't mean there won't be any volatility.
All 4 market watch are still stuck in their 2 month ranges, but the conditions are quite bearish. …