Archives for October 2018

  Markets  "Gapped Up"  today on the first good Buying in a while.  Looks like a lot of Short Covering to take profits from betting on a drop.  The Selling appears to be almost complete, but maybe once more down. The S&P needs to Close … [Read more...]

  Markets  were up  today but the Indices still have more work to draw in Buyers. The Selling appears to be almost complete. The S&P needs to Close above Pink Line (10-day avg.) of 2718.  The Markets are extremely over-sold, indicating … [Read more...]

  Markets  were down today after a rally this morning. Volume is lower, as the Selling appears to be almost complete. S&P needs to Hold above the recent Lows of 2628.  The Markets are extremely over-sold, indicating a Market rally … [Read more...]

  Markets  dropped back down today as they needed to re-test the recent Lows. The major Indices made slightly Lower Lows, but it does not look like they will Close below Wednesday's Low. The Markets are extremely over-sold, and the FEAR … [Read more...]

  Markets  bounced up from extreme over-sold conditions today. The DOW Index and the NASDAQ 100 were able to hold Above their Green Lines, but the S&P 500 and Small Cap Indices did not hold. This Market has become weaker than expected, … [Read more...]

  Markets  are grinding their way lower as the major Indices are at or Below their Green Lines. The S&P weekly chart is back down in the Green Zone (probably too late to Sell), but needs to bounce soon. The Volatility or FEAR Index … [Read more...]

  Markets  dropped down today, as the S&P 500 went back down to re-test the recent Lows near the Green Line (250-day avg.)  So far the  S&P is holding above Support and the Green Line, and then it should work its way back up … [Read more...]

  Markets  were mixed today, but the Tech stocks bounced up from over-sold levels. The S&P 500 is slowly going back down to re-test the recent Lows near the Green Line (250-day avg.)  Most likely the S&P will hold Support, and work … [Read more...]