The market gapped up, pulled back and then rallied into the close, and probably ate up the accounts of both bulls and bears who are holding positions in this market. The NASDAQ continues to look very bearish.
The dollar has been on a run, but it looks like it is taking a needed rest. If it […]
The market has been up for the last three days, but the rally started to fizzle into the close today. Of the three indexes, the NASDAQ is the most bearish looking by far. The bear flag is still in tact, and price has run into the falling 50-day MA.
The S&P 500 and the Dow both […]
The market moved higher on Friday after last weeks selling. The market could move higher, as there is a gap overhead, but the overall trend looks lower from here.
Commodities are taking a hit, as seen here in oil.
I posted a couple of charts in Wednesdays post that would go higher with falling oil, like SCO […]
