Quiet consolidation near highs typifies current action with no real change in trade strategy outlined in yesterday’s blog post. Here is a re-posting: Prior Cycle targets have already been achieved, so today can either go the way of bulls or … Continue reading
Markets took a time-out to honor this Great Country’s past Presidents. Today we refocus our attention to the business of trading. Quiet holiday trade session starts us off we we ended Friday’s session. Bullish mode within a whisker of challenging … Continue reading
Yesterday capped another positive 3-Day Cycle as price retraced back to January 23rd breakdown level. Bulls are clearly in control, so the trade strategy is simply “Stay the Course” of buying pullbacks to key reference zones. Current momentum seems to … Continue reading
Following strong rise on Tuesday, price took a well needed time-out to catch it’s breath in prior session. Early opening strength could not hold as price retraced back into our expected support at 1812, then consolidated between 1812 – 1818. … Continue reading
Yesterday’s testimony from Janet Yellen was warmly embraced by the financial markets as evidenced heavy institutional buying pushing indexes up more than one-percent. Looks like we have our question answered of past two sessions…It’s clear that Bulls are squarely back … Continue reading
Market’s overnight are relatively quiet with a slight upward bias ahead of new Fed Chair, Janet Yellen’s semi-annual testimony to the House Financial Service Committee. Policy changes seem unlikely, though market watchers will be looking for any hint of change … Continue reading
Following a three-month hiatus, I’d like to welcome you to the PolarisTradingGroup Blog and Trading Room. Capping a volatile week where S&P mini sold off 50 handles from 1780’s down to 1730’s where there resides Major Support, only to have … Continue reading
Yesterday’s strategy opined that if 1762 was penetrated and held, then upside targets ranging from 1766 – 1775 could be achieved. That scenario played out like a “well tuned fiddle” as bulls remain dominant and quite enthusiastic regarding continuation of … Continue reading
Recent high at 1762 handle remains in place but bulls also remain very dominant, as every pullback meets enthusiastic buying. Currently in overnight trade the recent high at 1762 is being challenged. IF this high can be penetrated and hold, … Continue reading
There is building evidence that recent buying which has pushed SnP index to all-time highs of becoming exhausted…not to be mistaken with “buying climax”…just getting a bit tired. Overnight highs which mark 1762 handle has fired a “Prime Turn Alert” … Continue reading