Markets followed through to the downside yesterday in an orderly fashion equal in magnitude to prior 3-day “symmetrical pullback”. The intermediate and long-term uptrend remain firmly intact, so although pullbacks are expected and even welcome to work off buying excesses, … Continue reading
In Monday’s Session price pulled back about 10 handles (think 10 Handle Rule) in an orderly fashion as was laid out in DTS Scenario 2 : “Failure to attractive new buying above 1978.25 (Key Resistance) suggests the need to auction … Continue reading
As America celebrated it’s birth this past weekend all across this great Country, investors/traders are partying like it’s 1999…at least those in the Hamptons. From reports I have received, with new highs in the indexes, the financial crisis is a … Continue reading
Happy Birthday to All Americans and to the Freedoms the Fourth of July Holiday represents. Yesterday’s trade was exactly as scripted in prior DTS…“expectation of consolidation range trade developing.” Today is a shortened session and as such, volumes are expected … Continue reading
The “Running of the Bulls” (encierro) is a practice that involves running in front of a small group of bulls. Youngsters would jump among them to show off their bravado in Pampiona, Spain. Usually some, or even many would get … Continue reading
S&P e-mini hit our projected price target (1956.75) in Scenario 1 hypothesis yesterday. Price continues to consolidate within upper value zone as Second Quarter is now in the record books. Average Daily Range (ADR 10) is currently 11.50 which is … Continue reading
The S&P added and additional +4.50 percent performance in 2nd Quarter as price broke out above the 1870 level. Other indexes had similar solid performance…The Bull remains healthy as investors continued to buy every pullback. Key Support is solidly marked … Continue reading
Another attempt to break through key support at 1938 failed in yesterday’s session, further affirming the Fed Day Breakout to higher ground. Almost a carbon copy of prior session where prices opened with an “Open Drive” sell down to key … Continue reading
“Da Bears” could not stage a follow through day as Bulls defended “key support” (1938) and forced Shortie to cover, driving price back to Upper Value. Here is an excerpt from yesterday’s DTS: “More important resistance can now be marked … Continue reading
Early strength in Nasdaq pushed the indexes to new all-time highs, then sold off hard on heavy volume leaving in its wake an “excess high” and creating an “Outside Reversal Day”. We have been concerned that traders have been lulled … Continue reading