Good morning. Happy Wednesday. Heading into this week, the bulls had their backs against the wall and as they’ve done several times the last 7 months, they’ve responded. Here’s the daily SPX. Higher highs and higher lows remain the pattern – the intermediate term trend remains up. …

Good morning. Happy Tuesday. Coming into this week I said the onus was on the bulls. They had to dig their feet in and defend their turf. So far, so good. Yesterday was a solid up day (albeit on light volume) and today we’ll get a big opening gap up (not desirable – I’d prefer […]

Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed mixed with a slight bearish bias. India and Seoul each lost more than 1%. Europe is currently up across the board – there are no standout winners. Futures here in the States suggest a gap up open for the cash market….

Good morning. Happy Friday. It wasn’t a happy day for the market yesterday. So much for laying low in the triangle pattern until after the employment numbers were released. Pressure was building on a short term basis – we knew that, but I didn’t think the bulls or bears would take a strong stand before […]