May 21, 2012 9:38 AM PDT
Hope everyone had a nice weekend. Horse racing fans had to be excited as I'll Have Another decided to have another and take the Preakness. Let's see if he can muster enough energy and intestinal fortitude to win the Belmont and become the first horse in 34...
May 18, 2012 11:04 AM PDT
Hey all, happy Friday. I just wanted to quickly regroup with you before we all got started on our weekend plans to give you an update on the bullish reversal call... the one we've been talking about since Wednesday. In simplest terms, we got some more clues...
May 17, 2012 10:51 AM PDT
Yesterday it was only a hypothetical; today it's a reality. What's that? The NASDAQ 100's (NDX) move to a key Fibonacci level at 2550. Now that it's been touched (and surpassed, actually, with today's plunge to 2535.36), the market's likely burned off all of...
May 16, 2012 10:13 AM PDT
Well there ya' go... the NDX cracked yesterday blowing right through that pseudo support level exactly as we suspected. Now, the issue becomes where will it find support before we have a very tradable rally to the upside. Our analysis has the NDX pegged for...
May 15, 2012 9:24 AM PDT
Check out this hourly bar chart of the NDX (NASDAQ 100 Index). You'll notice the NDX has tested the May low now for the fifth time this morning, and as I type is still holding. Quite the tug-a-war going on right now but it does remind me of a technical lesson...
