by Paul Costa

DDR:  DDR has been in a short-term down trend since it hit a high of 14.63 on February 3rd.  Over the last week DDR has been in a tight range between 14.16 and 13.80.  There is significant selling pressure at the 14.16 level and weak buying at the 13.80 level, before today 13.86 was a stronger support level and this broke today....

by Paul Costa

Today SPY and the other indices high new highs for the year and hit the highs from 2011.  While this was occurring the "most important sector" to the entire universe just barely made a new high and closed down today. This is important because since 2007 what the financials do the market does later.  

XLF was not able to get a boost from...

by Paul Costa

 The market appears to finally hit some resistance after rallying non-stop since the beginning of the year.  SPY has now hit the highs from 2011 right before the U.S debt down grade. 

The market rallied today after the Greek bailout announcement only to meet strong resistance right at the 137.10 level.  Touching the lows from...