-
Daily Insight - July 8, 2010 3:30pmWith today's up and down volatility, markets are seen to be "pausing." A pause, (with the close near the opening price), on Day-2 is a normal event and Friday's Day-3, (as Day-1 is the big up-spike vector that move...
-
Daily Insight - July 7, 2010 3:30pmMarkets are up and moving towards their declining midpoints. The SPX.X is now at its midpoints while COMPX still has room to rally before reaching its midpoints. Markets are weak as the recent "consolidation at th...
-
Daily Insight - July 6, 2010 3:30pmMarkets were up over 150 Dow points this morning with the stronger seasonal window of the July 4th Independence Day holiday on Monday but in late day trading, it has lost most of their intraday gains. As said on Fr...
-
Daily Insight - July 2, 2010 3:30pmWith Friday's inability to rally during a stronger seasonal window of today and/or Tuesday, (the July 4th Independence Day holiday on Monday), the facts are that prices are "consolidating at the lows" under important ...
-
Daily Insight - July 1, 2010 3:30pmMarkets are volatile but remain to the downside. What is good today is that Volatility Index VIX.X could give us a small buy signal for Friday and that would depend on how the indices close. Patience is warranted....
-
Daily Insight - June 30, 2010 3:30pmBecause the major indices couldn't bounce off their respective lower consolidation boundary lines, today's NRD vector is actually a "consolidation at the lows." And all this should translate to lower prices ahead....
-
Daily Insight - June 29, 2010 3:30pmAs expected, markets have descended down to the bottom of their respective consolidation zones. Lower prices are still expected but a "reflex bounce" and/or a limited NRD, (Narrow Range Day), could materialize for ...
-
Daily Insight - June 28, 2010 3:30pmMarkets are meandering listlessly as both the SPX.X and COMPX are "consolidating at the lows" of last week's decline. Lower prices are still expected as midpoints start descending down to help "push" prices toward...
-
Daily Insight - June 25, 2010 3:30pmThe SPX.X and COMPX are seemingly exhibiting a "reflex bounce" and "consolidating at the lows." Lower prices are still expected as they trend below important technical lines. "Day Trader" scratched X [US Steel] an...
-
Daily Insight - June 24, 2010 3:30pmBoth the SPX.X and COMPX have broken "decisively" below first supports of the 1086.00 trendline and the 200-day moving average respectively. So if the Dow finishes minus 110 points or more, make no mistake with no ...
-
Daily Insight - June 23, 2010 3:30pmBoth the SPX.X and COMPX are supporting off their respective first supports as the former bounces off the 1086.00 trendline while the latter off its purple-colored 200-day moving average. More of the same churning ...
-
Daily Insight - June 22, 2010 3:30pmYesterday's prognosis that Monday's vector was a "reversal vector" unfolded correctly as the Dow is down more than 130.00 points in late day trading. Both the SPX.X and COMPX are now at their midpoint supports and...
-
Daily Insight - June 21, 2010 3:30pmMarkets remain "consolidating at the highs" but are sporting some sort of "reversal vector." Both the SPX.X and COMPX gapped higher at the opening and are now back down towards their lows of the day. As such, fu...
-
Daily Insight - June 18, 2010 3:30pmMarkets remain "consolidating at the highs" of Tuesday's long up-vector and are content to bide time while midpoints turn back up. Higher prices are anticipated and more of the same limited movement is expected int...
-
Daily Insight - June 17, 2010 3:30pmMarkets are churning back and forth from unchanged territory to minus sixty points while retaining a negative daily bias. But for the overall picture, the indices are "consolidating at the highs" of Tuesday's long ...
-
Daily Insight - June 16, 2010 3:30pmWith markets erasing the early morning limited losses and trending marginally higher into the last hour, the inability to negate Tuesday's long up-vector puts the chart pattern into a "consolidation at the highs." ...
-
Daily Insight - June 15, 2010 3:30pmMarkets are higher and both the SPX.X and COMPX are destined to reach their respective 50-day moving average. The sideways-to-up consolidation continues with the former index exhibiting a Day-1 breakout vector. "Day ...
-
Daily Insight - June 14, 2010 3:30pmMarkets were higher, hit their resistance lines, and have now lost their intraday gains. SPX.X reversed off the 200-day moving average while the COMPX turned around from the upper boundary of the consolidation pat...
-
Daily Insight - June 11, 2010 12:30pm***Early update 12:30pm*** Markets are off a bit today but with its limited losses this morning, a "consolidation at the highs" is being traced out. This is good for the Bulls and coupled with its inability to ne...
-
Daily Insight - June 10, 2010 3:30pmMarkets are higher today and if the indices close near the daily highs, a sideways-to-up consolidation will emerge. Otherwise, a sloppy finish and/or the disappearance of half or more of the intraday gains will not ...