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...]

Markets were lower today as Snap Chat spooked the Social Media stocks on Earnings data. Another chance to flush out the weak hand investors on FEAR Selling. Soon we will find out if last week's decline was as a "Double Bottom" or "W" pattern. That … [Read more...]

Markets were sharply higher today as the Sellers dried up for a while. Maybe last week's decline was perceived as a "Double Bottom" or "W" pattern. That could be Bullish for a larger rally, but today's low Volume is not impressive.  Now we need to … [Read more...]

Markets were lower today as the weaker Indices were not able to bounce up at last week's Lows. The S&P 500 and NASDAQ 100 Indices made slightly lower lows, but the Small Caps & Semis did not. This was bearish, but the selling Volume was low. … [Read more...]

Markets were mixed today as the Indices are trying to hold above last week's Lows. We need to see a big bounce up soon which could be a sign of a "Double Bottom" or "W" pattern. Failing to bounce would be Bearish. Recently most of the Indices and … [Read more...]

Markets were sharply lower today as the Indices are going down to re-test last week's Lows. Yesterday the Markets got up near or above the Pink Lines (10-day avgs.), but most of the Indices were quickly back up in the Red Zones (probably too late to … [Read more...]

Markets were higher today as the Semiconductor stocks shot up over 4%. The Markets are trying to get above the Pink Lines (10-day avgs.) which shows strength. But most of the Indices are quickly back up in the Red Zones (probably too late to Buy for … [Read more...]

Markets were mixed today as the Tech stocks were weaker from mild profit taking. Normally the Markets will struggle near the Pink Lines (10-day avgs.) after such a big decline in the last few weeks. Maybe re-test the recent Lows once more. We … [Read more...]