Yesterday’s blog post opined: “Having held key support, it is incumbent on the bulls to now move the ball (price) higher to confirm their intentions…” Well, the bulls never relinquished control and with the help of positively interpreted Fed Minutes, … Continue reading
The Bulls absorbed additional selling in prior session and held an important support zone between 1830 – 35. This zone now becomes the “key marker” on any future retest. Having held key support, it is incumbent on the bulls to … Continue reading
We’ve all heard the saying: “You’ve gotta have heart”…Do you really know what that means?…and have you ever experienced that emotional state? Of course you have…everyday when we trade, as the obstacles that prevent each of us from moving forward … Continue reading
Non-Farm Payrolls Release today will give market participants more evidence of job growth (or not)…Expectation is for an increase of +200K. Overnight action is light ahead of numbers trading just under PDH (1887.50)… IF price can penetrate PDH (1887.50) and … Continue reading
Detective Joe Friday (Dragnet) said: “Just the Facts, ma’am”…We’ll re-coin by saying: “Just the Numbers, ma’am”… Trading the financial markets is a numbers game, with a mixture of sentiment thrown in…but when we as traders stay true to the numbers, … Continue reading
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