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This will certainly be an interesting week, especially with the Federal Reserve meeting scheduled for Wednesday. I anticipate that Jay Powell will raise interest rates on Wednesday, indicating that...
A potential area for support and buyers was quickly undone by the panic generated by the collapse of the Silicon Valley Bank (NASDAQ:SIVB). While I tend to go with technicals over fundamentals, this...
It was a bit of a sketchy day for markets yesterday, but they were able to recover by the close of business. I would have preferred indexes to have honored my earlier drawn 'bull flags', but markets...
Tuesday was a bad day in the end for markets as it appears traders spent the Presidents' weekend stewing in their juices. The NASDAQ Composite broke below 'bull flag' support, but not enough to...
Markets took another loss on Friday, but there was no change in the larger picture. The key breakouts remain intact, and we are still waiting for the Dow Jones Industrial Average to make its move, but...
FTSE 100 has been least impacted by the war in Ukraine, while Germany's DAX has been hardest hit The S&P 500 experienced high volatility in 2023. However, technical indicators suggest that it remains...
As markets retreat back to support, they do so by building 'bull flags.' This action - if it delivers the expected breakouts - will open up for measured moves higher. In the case of the Nasdaq, we...
The December rally, which was looking vulnerable as of Monday, managed to resume its trend before giving back some of those gains today. I'm still looking for a larger move back to retest breakout...
Friday was a clear victory for the Nasdaq Composite Index with a breakout to go along with higher volume accumulation and a close above the 200-day MA. Nasdaq technicals retained their net positivity...
It was an earlier-than-expected but welcome rally that closed the week out with indexes exhibiting bullish technicals and looking in good shape, even if it's a bit of a slow burn. The Nasdaq 100 has...
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