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Market well up

Well I must say I was surprised to see the big run on Friday and I need to put my hand up and say I called it wrong. The trend now is clearly up with some big gains on Friday  [Continue reading…]

Charts indicate market is stalling

The divergence I noticed in the charts last weekend seems to be kicking in with some exhaustion now in many shares as we just move sideways to down.  See chart here on the SP-500 and note the turn down on  [Continue reading…]

Trend back up

The trend is back up for now but that can change at any time. I was surprised to see the up days on Thursday and Friday last and the break through of the resistance on Friday on the SP-500. It  [Continue reading…]

Short term trend is down again

Well we never got through the recent resistance on the SP-500 and we are heading back down again. There could be several down days coming  based on the chart below and I have marked in the support level below. Wall  [Continue reading…]

Market still running up

The SP-500 continues it climb but just reached minor resistance. It did get through the 50 day Moving average which is a good sign. Chart here on the SP-500. I have marked in the next resistance. Money stream looks great.  [Continue reading…]