Newsletter

SOURCE: https://www.zerohedge.com/news/2017-03-29/government-shutdown-odds-rise-40-according-deutsche-bank

Futures flattish this morning. Good rebound off the 50 day moving average for the dow,s&p,nasdaq. As long as these important support areas hold, we good. A break and there is more of a correction in store. As we have told you, corrections are normal and quite overdue. It is good to see the hold and…

Good rebound off the 50 day average for dow,s&p,nasdaq and many names that are inside the indices. As long as yesterday’s and today’s support holds, we should be fine. We will give the market the benefit of the doubt until otherwise. Financials did the trick as they have led up and led down.  Worst areas…

Yesterday’s thoughts that the reversal would lead to some upside testing is now taking place. The key is the 50 day moving average which was tagged by the dow and s&p and almost tagged on the nasdaq.  Looks like we have held support right where it needed and right where the big money crowd defends…

After yesterday’s decent reversal, futures down but hardly down. Of vital importance yesterday: the Dow and S&P held on to their 50 day moving average. This is the first visit to this important area since November 7th and is quite normal to finally happen. There is nothing wrong with a pullback into it as long as…

Good day considering. We always like, at least for the near term, when markets are down big and finish well creating bullish tails. But leave no doubt, recent action has done a decent amount of damage to many chart patterns. So probably get some upside testing but not sure how much. Stay tuned! It is…

How silly of us not to mention the Dow and S&P pulled right into the 50 day…so maybe this is a place to hold for now. Readers of our reports know how important this area of support is. The Nasdaq pulled in just above the 50 day.