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Stock Market Analysis: 11/24/2009
Slow day index-wise. We saw early weakness and a break below the crucial ES 1100 / SPY 110.5 but sellers were not able to follow through and the market recovered all of the losses to finish near the open again. Tomorrow, even more economic data. Leve...
Stock Market Analysis: 11/23/2009
Indexes gapped up significantly on overnight dollar weakness. There was the possibility for a trend day but the market failed to hold above VWAP after early strength and major indexes retraced all of the intraday gains to finish near the open. As sta...
Stock Market Analysis: 11/21/2009
We finished the week with an uneventful low volume doji Friday. The market is indecisive at this point and although the recent action may be a topping process, there is technically no reason to be shorting the market aggressively with most indexes ab...
Stock Market Analysis: 11/19/2009
Indexes opened significantly lower after overnight weakness and sellers were out in full force this morning. The Russell 2000 (-2.49%) and financial sector (-1.94%) lead the way down today but the market drifted higher from the 11AM market lows for a...
Stock Market Analysis: 11/18/2009
Another inside day. Not much to talk about except that the ES 1100 is a multi-day support worth watching with a careful eye. At this point, there is no technical reason whatsoever to be short. We are above a rising 20-day moving average and the path ...
Stock Market Analysis: 11/16/2009
Indexes opened significantly higher this morning and we almost got a trend day if not for some late day weakness. The SPY finally broke above 111 convincingly and is closing in on that widely watched 50% retracement of the entire crash. Expect some s...

