Good morning. Happy Wednesday. So far this week we’ve had a 1-hour uptrend on Monday morning and 12 hours of sideways, range-bound trading. Overall the charts remain in good shape. We got clean breakouts on Monday, but it’d be nice to get some follow through and separation from the former resistance levels. Gary jokingly asked […]

Good morning. Happy Tuesday. We got across the board breakouts yesterday from the indexes. A two month rally was followed by one month of consolidation which has now been followed by a breakout and new swing highs. The charts look very good as we enter the stretch of the five worst months of the year. […]

Good morning. Happy Monday. Hope you had a nice weekend. It’s official. GM has filed for bankruptcy. The company was more than 100 years old and had been the #1 car maker in the world for decades. They will now reorganize with the US government being a majority owner. The market doesn’t seem too bothered […]

Good morning. Happy Friday. This week has flow by. I guess that’s what happens when it’s holiday shortened. We had a big up day Tuesday which recaptured 4 days off losses…a decent down day Wednesday which almost gave back those gains…then an up day yesterday. Now we’re looking at a gap up open in the […]

Good morning. Happy Thursday. I’ll repeat what I wrote yesterday after the close. The market continues to generate lots of noise. The bulls controlled Tuesday; the bears controlled Wednesday. On Tuesday, the market recaptured 4 days of losses with one felled swoop; on Wednesday, those gains were almost entirely given back. Bottom line is the […]