All Entries in the "Market Commentary" Category
Video Review of the Indexes 8-29-2010
The indexes tested and validated key levels last week for the short-term and longer-term timeframes. So although not much progress was made, it was still technically a productive week for the market.
Video Review of the Indexes 8-15-2010
The first serious pullback in over 6 weeks arrived last week as the major averages came under pressure. Rising trend lines were broken, and cash was raised in light of renewed market concerns.
Reliable Technical Action
I was pointed to a post earlier today which I couldn’t disagree with more. The author opined that trading this market is a ‘waste of time’ and that the ‘real’ money won’t be made until a month or two from now.
Video Review of the Indexes 8-8-2010
Last week proved to be another healthy one for the bulls. Quite a bit more happened than it appeared on the surface, as the indexes moved higher, tested uptrend lines successfully, and based quietly beneath key resistance zones.
Video Review of the Indexes 8-1-2010
A short-term peak was marked last week with Tuesday’s gap higher, and as per my tweet, it invited some profit-taking. That sparked a pullback into Friday’s lows, where dip-buyers closed the opening gap.
Video Review of the Indexes 7-25-2010
Last week was potentially big for the bulls, not only in the short-term, but for the big picture as well.
We saw something happen which hasn’t happened since April - a dip was bought! After a nice rally from the July 1st low, a pullback had set in. But given the magnitude of that rally, there [...]
Watch for Timing Themes
As a rule, no there is no specified timeframe which I refuse to trade. However, it is always a good practice to pay attention to developing themes in how the market is moving.
