Before the Open

Good morning. Happy Friday. Happy Options Expiration Day. The bulls are resilient, aren’t they? Every dip gets bought…new swing highs were registered again yesterday. It’s now been almost 7 weeks since the SPX lost ground for more than 2 consecutive days. Over the last week I’ve gotten less optimistic the uptrend would continue in the […]

Before the Open

Good morning. Happy Tuesday. Yesterday the market was weak, then exhibited strength, and then sold off some into the close. In the end the indexes were largely unchanged. Here’s that SPX weekly I posted yesterday. The index is slightly struggling here near resistance while volume has fallen off each week, and although not easily apparent, […]