• Chart Updates on the Market

    So the FOMC Statement has come and gone and it convinced investors to rally the market 16 points on the Nasdaq and 9 points on the S&P. There is obviously a ton of euphoria behind this market and its stubborn move upwards, and if you remember back in late January, the market was doing the

    By |Published On: March 16, 2010|1 min read|

  • Chart Updates on the Market

    Big news today for the Nasdaq as it was able to breakout to new highs by eclipsing the previous highs set in January, earlier this year. The S&P has yet to do that, but needs to do so, to confirm the legitimacy of the breakout in the Nasdaq. Because the market is so extremely

    By |Published On: March 9, 2010|1 min read|

  • Chart Updates on the Market

    Wouldn’t say that today was a great day for the bears, but it’s better than the bulls finding some hokey-pokey reason to run the tables on us today. Tomorrow we have the jobless claims and should set the tone heading into the open. I’ve noticed some shooting stars on the indices of late and could

    By |Published On: March 3, 2010|1 min read|

  • Chart Updates on the Market

    This market couldn’t get any more frustrating than it did today. The whipsaw action is awful for swing-trading and realizing gain is becoming rather difficult. That physics law that states, “For every action, there is an equal and opposite reaction” is a pile of crap. We rally last week when Bernanke says the discount rate is

    By |Published On: February 24, 2010|1 min read|

  • Chart Updates on the Market

    For about the past two weeks now the market has been rallying pretty hard, and despite a major break on the charts and of the long-term trend pattern, many are starting to believe that we were only experiencing a mere correction and not the resumption of the bear market we saw for all of 2008.

    By |Published On: February 17, 2010|1 min read|

  • Chart Updates on the Market

    What???? We are rallying hard on news of Greece getting bailed out by Germany? The fate of the United States and direction of this market all hinges on Greece??? Are you Serious???? OF COURSE NOT!!! Why the market felt it was so necessary to rally on this piece of news is beyond me. And if

    By |Published On: February 9, 2010|2 min read|

  • Chart Updates on the Market

    The bulls were probably able find some hope in the rally that the market provided them with today, but I wouldn’t put much weight behind the move we saw across the board. For one, the volume was low in comparison to similar moves in the opposite direction. If anything I’d like to see this market

    By |Published On: February 1, 2010|1 min read|

  • Chart Updates on the Market

    It has been a couple of weeks since I last provided a technical outlook on the market, and during that time the market has experienced a complete 180. The indices has gone from breaking out to new highs, to the bears leaving us now wondering where the bottom is in this market. There are some indications that

    By |Published On: January 25, 2010|1 min read|
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    Market Update

    At the mid-point of the week and things so far are looking pretty good for the market. We had a nice healthy sell-off yesterday, that was quickly washed away by today’s rally. In all honesty, the market might have been better off without the hard rally today, and rather I would have been more excited to

    By |Published On: January 13, 2010|1 min read|

  • Technical Analysis on the S&P & Nasdaq

    We are at the midway point of the first week of the new year, and things are only going to start getting a little more interesting heading into tomorrow's jobless claims, and Friday's employment number. Particularly Friday, we should see a significant move in one direction or the other. As it stands right now the

    By |Published On: January 6, 2010|1 min read|