The Bears keep knocking at the lows of the day but the bulls won’t let them come through. Still, a fairly bearish day on the stock market, and it will be interesting to see how that translates into tomorrow. Is the selling done, or just a quick brexit-break from the [...]
Technical Outlook: SPX continued its sell-off for a fifth straight day. The market traded higher all day long and reacted positively to the FOMC Statement until the final thirty minutes of trading where it sold all of its gains, and finished lower on the day. SPX still remains below its [...]
Technical Outlook: The bullish strength of this market since mid-February was on full display Friday when the market gapped down significantly and pushed 16 points lower, bottomed within the first 30 minutes of trading and then rallied 29 points off of those lows throughout the remainder of the day. To [...]
Technical Outlook: Another melt up into the close while lagging throughout the morning. This has been the trend over the past two days, where the market is unable to garner any traction throughout the trading sessions until the afternoon when the buyers come in during the afternoon and drive the [...]
