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 […]

Good morning. Happy Thursday. Last weekend I offered a bullish and bearish version of the charts – the bullish version is playing out. It pays to be open minded. Here are the dailies. The Dow has cleanly broken out. The Nas, SPX and Russell are in the process, but potential resistance from the Bollinger Bands […]

Good morning. Happy Wednesday. So the market rallied big on Monday in anticipation of Goldman’s earnings and now futures are up big premarket after Intel’s great numbers. Expectations had been lowered enough to make beating estimates much easier; that’s how Wall St. works. As the market falls, analysts downgrade companies and lower expectations. Then companies […]

Good morning. Happy Tuesday. The market will look to extend yesterday’s rally at today’s open; the futures are up several points. The Asian/Pacific markets already closed solidly in positive territory and Europe is currently up across the board. Goldman Sachs has earnings today before the open. Also in the financial sector, JPMorgan, Bank of America […]

Good morning. Happy Monday. Hope you had a nice weekend. I don’t have much to add to my weekend comments. I showed bullish and bearish versions of the daily charts and concluded that my bias remained to the downside because the breadth indicators were off their highs but still had room to move down before […]