Daily Analysis

That darn 50-day moving average provided enough intimidation for the bulls that they decided to lock in recent profits and retreat to the nearest exit. However, for a good portion of the day, the indices were trading in positive territory before finally caving in. The S&P and Dow Jones had solid tests of the 50-day

Well, it looks like the market’s momentum has finally turned the corner. The bulls have broken the downward trend, put in a new “higher-high” and looks poised to continue building on its most recent gains. At this point, I would not assume that the market is done and over with this financial crisis. Instead, I

Incredible turnaround for the bulls today as they trampled the bears into utter submission. This could be a trading day that we look back on and say that this was the day when the bulls finally said “Enough!” Unfortunately, there is no way to know that in the short term. But for the bulls to

The markets faded the gap down at the open today and traded sideways until the last hour which finally saw a strong break to the downside. There is a part of me that wants to get bullish on this market but the only problem is, with all the nice rallies we have seen in the

If the market couldn’t get more sporadic on an intra-day basis, it did today. It was like a plastic bag blowing in the wind without direction and without reason. But once the dust settled, the market closed at its highs and with substantial gains. The problem is, that on a technical basis, there was no

Brutal market today for the longs. It took off early in the morning with a significant gap down and never looked back, closing down over 8% on the day. This is going to send jitters throughout the world markets, and the question becomes, not so much if it goes down from here, but where does

Thanksgiving Holiday started off with bang by holding on to Friday’s enormous gains and then adding more to the tune of +6%. The most interesting part of the day however came at the very end, when the markets were up about 8% or so, and in the last 10 minutes, sold off heavily to put

Unbelievable what the market uses as reason to bounce. Lets face it, heading into the open the  markets were up already over 2-3%, and even though it gave back all of those gains rather quickly at the open, news of President-Elect Obama’s pick for the Treasury gave the market with enough momentum to rally 6%.

The thread that separated the market from a breakdown and a breakout finally snapped, as the indices broke out of its channel and started the next leg down. For the past two months the markets traded in a narrow channel, and finally, the bears were able to break what many pundits had thought was a

The bulls continue to hold on by a thread – it’s quite impressive really, the amount of time being spent at these lows clearly favor the bears in terms of weakening the support levels, but bullish divergences occurring throughout the most common of indicators, makes an interesting argument that the bulls are on the verge