The SP’s broke hard  late in the day after the 5 year auction results were released. The news was bearish and it started a

sell off that caused a squeeze of the weak longs. There was a sharp bounce when the bottom ... Read More »

The last half hour of the cash market can often be driven by fund buying or selling from long and short index funds. In this case we had a strong push to the upside right from the opening and continued to defend the support areas below. U ... Read More »

The Indexes held support on Friday and soared to make a new 4 week high today.This was fueled after the release of the treasury’s plan to take toxic assets off the books of the banks in question. Home sales also released reported better than expected figures. ... Read More »

The Chart below shows the original breakout from the 30 high SMA 128.66 with a rally up

to the top of the daily value area.  Now that we had a nice rally and respected resistance, a

pull back can be expected in the next few days.

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On the 10th I showed the breakout of the daily trend. We are near a short term top and near our objective.

We had a 14% rally off the lows in 5 trading days. Overall we should get a pullback soon to work off some of the ... Read More »

GE General Electric is up over 70% from Mar 5th Lows. GE Rallied straight up as all the index’s lost 10%

and the market index’s sold off the next two days. Today on Mar 12th GE was down graded. It is over-bought

short term and should pullback to 7.50 area. ... Read More »

Wednesday’s Globex session in the EC is testing the 30 High SMA on the daily’s for the first time in 60 days.

The SMA level comes in at 12866. There were buy divergences early on followed by a 5 day trend.

There is a low ADX ... Read More »

When the low was made on Friday there was a classic bottom in the makings.Volume exceeded 3,300,000 contracts with a close up on the day. Buy Divergences also were formed on the 3/10 oscillator. Monday  was an inside day with lighter volume. Selling pressure on Monday w ... Read More »