06/11/2016 Weekly Commentary: Markets were down slightly for the week, as the S&P 500 had a 'False Breakout' at 2111, and Oil prices pulled back. Many Indices could not get above the April highs, indicating a lack of Buyers. Markets were very … [Read more...]
Thursday Jun 9,2016
06/09/2016 Daily Commentary: Markets dropped down on the opening, as Oil prices pulled back and Bonds soared. Maybe another small rally in the morning, but Markets are very over-bought on the short term. The S&P 500 has Support at the Pink … [Read more...]
Wednesday Jun 8, 2016
06/08/2016 Daily Commentary: The Volatility Index VIX was up today, maybe signaling that Smart Money is Buying VIX for a pull-back in the Markets. Markets were up today, but they are very over-bought on the short term. The S&P 500 was able … [Read more...]
Tuesday Jun 7, 2016
06/07/2016 Daily Commentary: Not much change today, as the Markets popped up more today, but closed weak. The bounce up at the Red Line (50-day avg.) from two weeks ago might be over. The S&P 500 was able to go slightly above the April Highs, … [Read more...]
Monday Jun 6, 2016
06/06/2016 Daily Commentary: Markets popped up more today, continuing the bounce up at the Red Line (50-day avg.) from two weeks ago. The S&P 500 was able to go slightly above the April Highs, but other Indices are lagging, and the Volume is … [Read more...]