Technical Outlook: Huge bounce on S&P 500 (SPX) yesterday that put in a strong case for a short-term bottom being formed at 2120. The rally yesterday took price back above the 5-day moving average which is something the index has been unable to do over the past week. SPY volume increased yesterday [...]
I love the T2108 in markets like this. When volatility is at extremes, there is no better indicator out there for gauging market direction and how close we might be to a bottom. The bad news, is that a bottom might not be achievable just yet. Of course that doesn’t [...]
Retail is dead if you aren’t Walmart (WMT) or Amazon (AMZN) but a chart pattern is a chart pattern and what you have on Tiffany (TIF) is a gorgeous triple bottom with just the right amount of sparkle to it. The $60 level seems to have insane amounts of support [...]
