Markets were mostly higher today as the major Indices rallied up near the Pink Lines (10-day avgs.) The first Resistance areas should be the Pink Lines which is at 3821 on the S&P 500 Index. Commodities were down again, and Bonds were up. The … [Read more...]

Markets were sharply higher today as the major Indices popped up out of the Green Zones. This caused Buying and Short Covering on the major Indices, even though they are still Below the Green Lines. The first Resistance areas should be the Pink Lines … [Read more...]

Markets were experiencing an up and down day today, switching between modest highs and lows. Until Interest Rates bottom, we are probably not going to have a good rally. The Strong Oil Stocks and Leaders below are down in the Green Zones for more … [Read more...]

Markets were sharply lower today as many have decided that an economic slow down is coming. The FED raised Short Term Interest Rates again yesterday. The NASDAQ 100 Index is now 20 % Below the Green Line on FEAR Selling (and is 33% below the November … [Read more...]

Markets rallied today on the Bad News of the Federal Reserve raising Short Term Interest Rates by 3/4 %. And good news for Smart Money is that only 6% of stocks in the S&P 500 Index are currently above the 50 Day Average, the lowest number since … [Read more...]