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
Markets continue to trade below average volume and range in a quiet type back n fill consolidation pattern. Buyers are beginning to find ample supply (sellers) above the 1950 handle as price was not able to make further upside advances. … Continue reading
Markets turned in yet another positive weekly performance to close at new highs…With all metrics solidly positive, the bears are finding it more difficult, painfully so, to continue shorting…but as bears…short they must. Perhaps Mr. Market has unlocked the secret … Continue reading
Yesterday’s DTS played out nicely, albeit at a snails pace, as price failed to expand above the Open Range Rotation (ORR) Average setting up our Open Range Strategy (short-play), which pushed price down to expected support level 1944 (LOD). Once … Continue reading
Fed Chairwoman Janet Yellen Q&A session yesterday proved to be that catalyst that sparked a strong short-covering rally. There were no “gaffes” that marked here first press conference in March. Her single most important statement was in response to question … Continue reading
Greetings Traders, Here’s what to look for when the Federal Open Market Committee releases its policy statement at 2 p.m. today along with new economic projections. Federal Reserve Chair Janet Yellen plans to give a press conference at 2:30 p.m. Sticking … Continue reading
The FOMC begins its two-day meeting today to discuss current economic conditions and Interest Rate Policy. Expectation is for staying the course with scheduled tapering winding down QE Program. What will be of interest will be language relating to recent … Continue reading