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• Aug 5, 2010

  Daily Insight - Aug 5, 2010 3:30pmMarkets are "consolidating at the highs" and midpoints are here to help "support" prices.  More of the same sloppiness is expected into the close as market pundits await for Friday morning's release of the non-farm payro...

• Aug 4, 2010

  Daily Insight - Aug 4, 2010 3:30pmMarkets remain within their "consolidation at the highs" and as respective midpoints continue to rise, a "breakout spike" is expected for this week.  Higher prices are expected."Day Trader" is making less than a dime on ...

• Aug 3, 2010

  Daily Insight - Aug 3, 2010 3:30pmMarkets are "consolidating at the highs" as seen with its limited movement today and this was to be expected as long vectors begets short ones.   Conversely, after a long rally on Monday, a "pause" for Tuesday was not un...

• Aug 2, 2010

  Daily Insight - Aug 2, 2010 3:30pmAs said on Friday, "a strong rally on Monday should bring the SPX.X back to the July highs and confirm the recent uptrend as well as giving the COMPX a chance to resume the current up-leg.  In other words, don't count ou...

• July 30, 2010

  Daily Insight - July 30, 2010 3:30pmAlthough our "lower top" scenario is playing out, both the SPX.X and COMPX are still being held up by their respective supporting lines.  For the former, midpoints and the 1100.00 have stymied the sellers while the lat...

• July 29, 2010

  Daily Insight - July 29, 2010 3:30pmWith an inability to best Tuesday's high, markets are seemingly building a "lower" top with Tuesday's high being the pinnacle.   Both the SPX.X and COMPX have surged in the morning, pulled back to midpoint support, an...

• July 28, 2010

  Daily Insight - July 28, 2010 3:30pmMarkets are unfolding according to script as the SPX.X retreats back towards its "technical congestion zone of the 1100.00 trendline and its rising midpoints" while the COMPX moves down to its 200-day moving average.  ...

• July 27, 2010

  Daily Insight - July 27, 2010 3:30pmMarkets are staging a "pause" day while challenging the June highs and this is normal event after a strong rise. More of the same listless churning is expected into the bell."Day Trader" is most probably going to scratc...

• July 26, 2010

  Daily Insight - July 26, 2010 3:30pmMarkets are moving higher and in the vicinity to challenge the June highs. This is expected and should unfold shortly."Day Trader" has no trades with FDX and scratched INTC, (although he does expect INTC to trade throu...

• July 23, 2010

  Daily Insight - July 23, 2010 12:45pm***Early update due to BRCM and NTAP*** Markets are "consolidating at the highs" and the fact that Thursday's long up vector has not been negated leads us to believe that higher prices are forthcoming next week.  A...

• July 22, 2010

  Daily Insight - July 22, 2010 3:30pmMarkets remain within its recent wide consolidation zone as Thursday's long up vector negated Wednesday's big down vector which negated Tuesday's up vector.  Conversely, markets are churning with long vectors and s...

• July 21, 2010

  Daily Insight - July 21, 2010 3:30pmMarkets have deteriorated further after Federal Reserve Chairman Ben S. Bernanke said that the economic outlook remains “unusually uncertain.”  And with this uncertainty, both the SPX.X and COMPX are on their w...

• July 20, 2010

  Daily Insight - July 20, 2010 3:30pmMarkets have rebounded smartly after 'a lousy "down-gap" opening for Tuesday.'  A close near the daily highs will be bullish especially if AAPL does not disappoint."Day Trader" had no trades as many stocks are just ...

• July 19, 2010

  Daily Insight - July 19, 2010 3:30pmMarkets are staging a "pause" day in that it went up, came down, and is now churning around their respective midpoints.  There is an low probability event that Tuesday's vector could negate Friday's long down spike,...

• July 16, 2010

  Daily Insight - July 16, 2010 3:30pmWith the major indices "encountering resistance at the 50-day moving average," our prognosis that "a break of Thursday's vector in either direction should be followed" was the correct call.  This break came in the ...

• July 15, 2010

  Daily Insight - July 15, 2010 3:30pmMarkets remain in its "consolidation at the highs" but is still encountering resistance at the 50-day moving average.  As such, the closing print will be quite important because if it is near the daily highs, more ...

• July 14, 2010

  Daily Insight - July 14, 2010 3:30pmOur prognosis was on the ball as markets weakened today towards their 50-day moving average and a break of this level will take another day(s).  Both the SPX.X and COMPX are "consolidating at the highs" of Tuesday'...

• July 13, 2010

  Daily Insight - July 13, 2010 3:30pmMarkets are way up with the Alcoa catalyst and our premise that a "false breakdown" had a high probability of occurring is unfolding as such.  In other words, the major indices are trending towards their 50-day movi...

• July 12, 2010

  Daily Insight - July 12, 2010 3:30pmMarkets are "consolidating at the highs" and as the COMPX is only expected to encounter resistance at a loftier level of 2250.00, we anticipate higher prices before any serious decline occurs.  In addition, this tec...

• July 9, 2010

  Daily Insight - July 9, 2010 3:30pmMarkets are higher and a return to the recent wide consolidation zone is now the current chart pattern.  The SPX.X has traced the second consecutive day that prices have stayed above and are not touching its midpoint...