Month: February 2018

Here be the deal. Friday’s late selling put the odds in favor that Friday’s high, give or take, was the high. Use the low of about 23,800 as important low. That was the low of 2/8…not the low of 2/9, which was the big reversal day. We give it very little chance to revisit those…

Anyone thinking we are going to revisit lows, get over it.  Another repair day and this time, the weakest names and areas are now curling up and completing their lows. If the weakest areas are done going down… STEEL be rumbling because everyone likes a trade war. Rumor out of the WH is that the…

Looking for a precedent where after an extended high, major indices drop 12% in days and then it is just forgotten as markets just move back through the resistance like a hot knife in butter. We have only went back to 2000 but so far, cannot find any just yet. Will search more over the…

After last Friday’s action, we stated that A low was put in for the market. This means for the near term, the lows of last Friday would hold. We said that because of the high volume reversal that occurred that day combined with the high volume reversal from a couple days before combined with extreme…

WILD SWINGS THIS MORNING AND THE MARKET HAS NOT EVEN OPENED. Futures have moved almost 500 points this morning. At first, up around 200 Dow points…to down 300…to now down about 130, 140, 120, 150 and 190 as we send this to you.. JUST DON’T BLINK! The culprit, POSSIBLE INFLATION. POSSIBLE SLOWDOWN. The inflation number…

After strong day yesterday with a mystery 150 point close near the close, we have a decent gap to the downside today. TIME AND PRICE! We believe after a drop like we just saw, we are going to get time and price. That means up down, up down, up down. Some good days, some bad…