Despite the run up today the overall trend is down. One swallow does not make a summer. The SP-500 is breaking the 50 day moving average. Should we get a couple of down days it would confirm the down trend. [Continue reading…]
The SP-500 is back at resistance again and at the levels it was in December 15. It just moved back ever so slightly over the last 2 days and it is getting support at the 10 day moving average. Money [Continue reading…]
The SP-500 has risen to the highs of December last and moved down ever so slightly over the last few days. Money stream is still ok. A lot depends on how the market opens tomorrow. The SP-500 is now getting [Continue reading…]
The market pulled back ever so slightly over the last few days. See chart here on the SP-500. Money steam is still strong but declining ever so slightly. Expect to see things going sideways until after the quarter end. Gas [Continue reading…]
The trend is up for now but I do see a divergence in the charts indicating that this will not continue indefinitely. Some serious resistance in the week ahead with losses in January recovered. I find it hard to imagine [Continue reading…]