All Entries in the "Market Commentary" Category
Video Review of the Indexes 2-5-2012
Following some healthy basing action in the previous week, we saw stocks head higher once again last week, continuing the 7-week uptrends.
Video Review of the Indexes 1-29-2012
In preparation for the trading week ahead, let’s examine some important levels to keep an eye on for the indexes.
Video Review of the Indexes 1-22-2012
Last week the indexes added a couple percent to continue their ascent from the December lows. New recovery highs were established as prior resistance zones were cleared, keeping the bulls in the driver’s seat for another week.
The Definition of Momentum Has Changed
It used to be that the word momentum inspired fear of being left behind, but that was sooo October of last year.
Video Review of the Indexes 1-16-2012
In preparation for the holiday-shortened trading week ahead, let’s examine some important levels to keep an eye on for the indexes.
Video Review of the Indexes 12-18-2011
The indexes gave up some ground last week, placing them lower within their respective intermediate-term wedges. Bounce attempts on Thursday & Friday saw poor closes, indicating the buyers still are lacking the enthusiasm needed to regain short-term control.
Video Review of the Indexes 12-11-2011
With intermediate-term higher lows in place, the technical setup is favorable at this point for the bulls, but they’ll have to maintain their edge and make it happen. Should they produce even a modest lift, we’ll be looking at new recovery highs with ease.
