[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Stocks rallied last week after the bulls showed up and defended support. It is still early, but the fact that the market refuses to break down is bullish and we have a sneaking suspicion that we will move higher from here. Of course, we remain open to any outcome…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Wednesday was a big support day for the major indices as the bulls showed up and quelled the bearish selling. It was encouraging to see the major indices turn positive yesterday and are now on track to close higher for the week. We want to see where the…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] We received quite a few questions/emails from the press and many readers over the past 24 hrs asking us about the current action on Wall Street. The short answer is the market is range-bound. By definition, the market is moving sideways until either support (2039 in the S&P 500)…
[su_spoiler title=”Monday-Wednesday’s Action: Apple Breaks Support ” style=”fancy”] Stocks fell on Monday after Greece’s stock market plunged 20% after being closed for 5 weeks. Apple ($AAPL) sliced below support of its year long base and broke below its 200 DMA line which also weighed on stocks. China’s Shanghai Composite fell another -1.1% after the…