August 19, 2008 Yesterday it was asked exactly where was the volume to support the market’s recent selling. Today, the bears responded with a descent amount of volume as the broader markets sold off to the tune of about 1% on the day. You have a moron journalist at the [...]

August 18, 2008 We’re not trying to make light of the sell-off that we saw across the entire market today, however, at this point, can we look at this sell off as anything other than a light volume pullback? I don’t think you can. Each sell off, no matter how [...]

A mild day to close a rather volatile week. We added more to our long positions and created a new position, that is similar to the setup that we saw in Amazon (AMZN) from earlier this week (a nice 10% gain for us in just a couple of days). Overall, [...]

It was important for the bulls to fight back today and show that the previous two days of selling was merely a dip in a broader market rally. However the only thing we weren’t too crazy about was that the market continuously sold off as the afternoon wore on. But [...]

Another down day in the markets today which we find quite surprising. But despite the attempts of bears to drive this market lower, there is quite a bit of resistance on the part of the bulls. The Nasdaq is showing an incredibily difficult time with breaking the 200-day moving average. [...]

August 12, 2008 To say the least we were destined for today’s pullback. This was a textbook pullback in that the action was mild, and the volume was miserably low – all positives for the bulls. Worries concerning financials resurfaced, with some dour news out of JP Morgan (JPM). However, [...]

August 11, 2008 Solid day for the indices – bulls showed what they haven’t showed in a long time and that is the desire to buy the dip. Tech is leading the way as the chip sector showed incredible strength. In the short-term the techncal picture is looking solid and [...]

August 8, 2008 For the sake of the bulls, today is the most significant day in the markets since the March time period earlier this year, when Wall Street finally put together a descent multi-month rally. Today the S&P and Nasdaq both saw important breakthroughs of overhead resistance that cannot [...]

August 7, 2008 You figured this was bound to happen. Another piece of negative news would creep up and spook the markets once again. Today it happened and from an unlikely antagonist: Wal-Mart. No one really expects Wal-Mart to face the kind of problems that other retailers are wrestling with; [...]

August 6, 2008 This was an important day for the markets. After yesterday’s huge 3% rally, the indices managed to fight off the efforts of the bears to drive stocks lower, and instead, actually finish in the green across the board. The Nasdaq, which broke out of its trading range [...]

August 5, 2008 To say that the Fed whispered something sweet in the ears of the market is an understatement. All the major indices made gains in the range of 3%. Nasdaq closed at new highs on its current trend which is now the higher high that we were looking [...]