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Market Update: July 15, 2009
Posted on July 15, 2009 | No CommentsThe markets continued their rallies, today. While the S&P 500 still remains in its two month trading range, the NASDAQ Composite broke above a flag pattern – a bullish sign. -
Weekly Market Analysis: May 25-29
Posted on May 30, 2009 | No CommentsThe markets displayed resilience in the face of a possible trend-shift this week. The last several weeks indicated that the long-term trend had turned bearish following the March 9th V-Bottom and 9-week rally. Meanwhile, the short-term trend entered a 3-week long trading range that began... -
Market Update: May 28, 2009
Posted on May 28, 2009 | 1 CommentStocks posted another day of solid gains. All major indices rose over 1% on higher volume. However the SPY remains in its trading range that was established on May 4th. The SPY, our proxy for the S&P 500 has been trading between 93 and 88.75... -
May 21 Market Update
Posted on May 21, 2009 | No CommentsThe markets continued their selloff, today. They closed above session lows but the NASDAQ 100 and S&P 500 declined almost 2% while the DJIA finished the day off 1.5%. The only silver lining, and its faint, is the decline in volume across the board. -
Weekly Market Analysis for May 16, 2009
Posted on May 16, 2009 | 1 CommentThe Markets finished the week lower. The S&P 500 was lower for only the second week out of the last 10 and the NASDAQ 100 finished lower for the first time since early March. The long-term bearish trend from January 2008 remains the predominant long... -
Week 20 Mid Week Update
Posted on May 13, 2009 | No CommentsThe markets are beginning to show weakness after two and a half months of a bullish uptrend. Although its too early to turn from trading the long side to the short side, the markets appear to be at the beginning of a retracement or continuation...