Good morning. Happy Wednesday. Yesterday my hunch played out for all of half the day. The market gapped up…dropped to fill the gap…rallied and failed to take out the early-day high…and then dropped. But it only lasted until 1:00 est when a bottom was put in place and a rallied followed. My bias is to […]

Good morning. Happy Tuesday. So the market couldn’t correct even just a little the day after options expire. I guess that means the market is pretty darn strong – or the correction will be delayed. Here’s the daily SPX. We got a clean breakout from the falling rectangle pattern and now the index is at […]

Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed up solidly today, and Europe is currently up across the board. Futures here in the States suggest a moderate gap up open for the cash market. Last week was the biggest up week since the bottom formed in early March. Coming […]

Good morning. Happy Friday. Happy Options Expiration Day. Those bullish index charts I posted over the weekend when we were considering both the bullish and bear possibilities are certainly playing out well. The Dow has cleanly broken out…the Nasdaq has already taken out its June high…the S&P is only 16 point from its own new […]