An early onslaught of selling yesterday was quickly and aggressively absorbed as Bulls continue to buy every available dip in price. This action is quickly building pressure for the next explosive move and the probabilities currently favor higher. Definitive penetration … Continue reading
Price continues to struggle at the 1880 – 85 zone, failing to break above, being rejected yet again. How often can bulls be turned back before they stop trying? Perhaps the “Sell in May…and Go Away” will be their excuse. … Continue reading
The all-important monthly Non-Farm Payroll (NFP) Report is expected to show an increase of 210K in April after increasing 192K in March, while the unemployment rate fell from 6.6% from 6.7%. The Dow Jones has already hit a new high, … Continue reading
Despite Russell 2000 under performance, Nasdaq recent weakness; Dow Jones eked out a new high, as Large Cap dividend paying value stocks have been supportive on recent pullback. Remember that the S&P 500 is the broadest measure of stocks, which … Continue reading
Yesterday’s trade was relatively quiet ahead of today Fed announcement and following a wide-range day Monday. Traders seemed fairly content to take a breather. Early probe lower to prior settlement found lack of willing sellers, reversing price back higher only … Continue reading
Be Prepared….Don’t Predict DTS Premium Edition begins May 1st. Subscribe Monday’s trade session had a bit of something for everyone…”Da Bears” enjoyed the morning session driving price down nearly 28 handles, only to have the Bulls stampede back pushing … Continue reading
In Friday’s DTS we noted that the prior session’s high… “may in-fact mark a key short-term high point within this current swing up, as it also marks an important Fibonacci 55 day expansion from February 5th low.”…and that…“failure to hold … Continue reading
***Announcement*** Polaris Daily Trade Strategy Blog is going Premium beginning May 1st, 2014. In an effort to provide PTG Clients the highest quality market analysis and daily trade strategy preparation “prior to pit session opening”, the Daily Trade Strategy (DTS) … Continue reading
***Announcement*** Polaris Daily Trade Strategy Blog is going Premium beginning May 1st, 2014. In an effort to provide PTG Clients the highest quality market analysis and daily trade strategy preparation “prior to pit session opening”, the Daily Trade Strategy (DTS) … Continue reading
***Announcement*** Polaris Daily Trade Strategy Blog is going Premium beginning May 1st, 2014. In an effort to provide PTG Clients the highest quality market analysis and daily trade strategy preparation “prior to pit session opening”, the Daily Trade Strategy (DTS) … Continue reading