Daily Analysis

I don’t if anyone else noticed what I saw, but the fact that the NASDAQ confirmed a double-top formation, and the S&P, Dow, and Russell indices all confirmed head and shoulders patterns yesterday, is a bit troublesome in my opinion, in regards to the market outlook going forward. The head and shoulders formation and the

Things continue to look gloomier for the market as the bulls continue to find ways to lose control of direction. While there has been no major breach of critical support levels, the S&P and especially the DOW is getting awfully close. With that said, I’d recommend tightening your stop-losses where possible in light of

This weeks market action servers to prove that not everyone is on the “green shoots” wagon, and that there are investors a plenty that believe the past few months optimism based on the world economies having gone from very bad to less bad, is still a brighter view than actual reality.  A correction to the

Just updated five of the stock screens as well as the market barometer. They are definitely worth checking out. The market cooled off a bit this week, so if you think that this is just a light volume pullback before moving on up to new highs, then this would definitely be considered a buying opportunity for

Today caught many off guard with the steep sell-off across the board. Most expected the market to breakout of the consolidation pattern it had been in for the past nine days (see the S&P and NASDAQ charts below), instead what we got was a nasty-looking rollover, that will leave the bulls uncertain and the bears

This is an excerpt from Elliot Hue Published June 12 in the Personal Finance Weekly ” Green Shoots Must Bloom” describing where the markets stand today. I couldn’t have said it better myself so I won’t try. “Two basic fundamental factors have driven the 40 percent run-up in the S&P 500 off its March lows.

The market shot out of the gate in one bad mood and stayed there for most of the day. It was interesting however, to see the mass program buying flooding in during the last 20 minutes, and the last 5 minutes in particular.

With the 200-day moving average looming overhead, no one really thought the market would break through the critical average in such a decisive manner. Even though, the NASDAQ had already broken through the moving average, all three averages nonetheless, had been struggling for much of May to regain its footing as they remained in a

I must say that I was quite surprise to see the market come out of the gates so strongly and never relinquish its early gains. Albeit the volume was extremely low, but that doesn’t surprise me much either coming off of a holiday weekend. We managed to have one trade today in QQQQ, which we

Over the past couple of weeks, we have seen some indecision by the market to continue the trail blazing run that it has been on since early March. With that said, a clear double-top pattern is emerging in all of the major indices. Now, let me just say also, that most of the time your