There is no arguing that the Bulls have been stampeding price ever higher, barely without a pullback. It’s looking more like a classic “Pump n Dump” scenario, rather than a new fresh up-leg. We think it’s time to become more … Continue reading
It’s April 1st with all the classic joking that takes place around the globe in fun jest. Well it seems that nearly every day is April Fools’ for “Da Bears”, with each window of opportunity to profit keeps getting slammed … Continue reading
As March comes to a close today, much of the action can be characterized by wide swings pushing the upper and lower range extremes. So indeed, price seems to have traveled great distances, but when compared to February settlement, price … Continue reading
Although the official monthly / quarterly (T+3) reporting performance for mutual funds is closed, Mr. BIG should continue to buy the dips in order to curtail any further weakness and contain (stabilize) price. Yesterday’s price boundaries 1848 – 1835 were … Continue reading
Computer issues have kept the blog postings offline for past couple days, but all is fixed and we’re back to normal. For those that are not fully aware, yesterday’s trade marked the 1st quarter end for Mutual Funds…”Trade Date plus … Continue reading
Friday’s Quadruple Options Expiration initially pushed prices higher to hit our upper objective zone between 1874 – 78…HOD 1876.75…only to be followed by Noon Reversal that drove prices down to our stated lower price objective 1856 – 58 zone. It’s … Continue reading
Today is Quadruple Option Expiration as Bulls regain firm control. The one day price dislocation related to Fed’s ZIRP statements is quickly fading as price is now pushing up against recent highs. Yesterday’s strength continued into the overnight session as … Continue reading
Fed Chair Janet Yellen surprised traders/investors by indicating that the “Zero Interest Rate Policy” (ZIRP) may come to an end a full six-months ahead of market expectations causing a sharp sell-off from recent highs. Though no real technical damage was … Continue reading
Today is Fed Day with new Fed Chair Janet Yellen at the helm. Expectation is for continued scale back of QE by another $10B with possible adjustment to the 6.5% unemployment threshold. Investors and traders reacted positively to her first … Continue reading
Buyers reemerged yesterday and have regained control and we will continue to give the benefit to the Strong Bull. Price is now trading above the 3DCPZ which is a “key marker” we use for trend direction. IF price penetrates the … Continue reading