Markets were lower today, and the S&P 500 Index has stalled up near the resistance of the Red Line (50-day avg.) around 4193. It is normal for the Indices to pause or pull back a little after a 9 % rally last week up from the lows. Long Term … [Read more...]

MARKETS WILL BE CLOSED ON MONDAY FOR MEMORIAL DAY HOLIDAY. Markets were up again today, and the S&P 500 was able to blow thru the May resistance of 4091. Now the next resistance on the S&P 500 Index is the Red Line (50-day avg.) around … [Read more...]

Markets were up again today, but it is nearing May resistance. The S&P 500 Index successfully closed above the down channel, but it needs to Close above 4091 to break resistance.  Notice how the Media is now presenting more positive new … [Read more...]

Markets were higher today as the Selling was gone in the weaker stocks. Most of the weak hand investors should already be Flushed out on the FEAR Selling. Soon we will find out if last week's decline was as a "Double Bottom" or "W" pattern. That … [Read more...]