Market Updates

Broader Market Review Just like I have been describing most of the year, the broader market has released above resistance and is beginning to separate from its 22 month range channel into its expansion channel leaving all those negative nancy's in the dust scratching their heads. It has happened almost exactly as I have projected. The Dow Jones Industrial Average, the S&P 500 Index and Nasdaq have all crossed over ascending resistance and are transitioning into their expansion channels. … [Read more...]

I'm attending a workshop in beautiful La Jolla this weekend hosted by TC2000, the charting platform I use. I'm here to learn more about the new features and functions offered in Version 19. Thank goodness the coffee is hot because it's absolutely freezing in this conference room. By the way, I highly recommend TC2000. And yes, I'm writing during the workshop while I listen for usable information. This weeks update will be slightly abbreviated (maybe) due to the Saturday and Sunday workshop … [Read more...]

Broader Market Review  Major indexes continue to push higher with financials getting the rotation this week outperforming technology. The broader market continues to reveal strength by moving higher while many technology stocks get hammered into lower channel support corners to resume their cycle higher. Current price action in broader market, sectors, capitalization spectrum, individual stocks and yields appears to be lining up for the transition out of the 22 month recovery consolidation into … [Read more...]

Happy Sunday...Go Chargers Don't you just love Fall. It's really beautiful wherever you are. The beaches are 80 degrees and uncrowded, the mountains are crisp and clear and the desert air is 24 hours of perfect. I love it. So, I recently shared a couple of my recent updates, broader market price projections/reversals and archived research/trade ideas with someone who I thought was really interested in the stock market. His response was "Good guess". That was it. I took it as a … [Read more...]

Broader Market Review Whew! Another volatile week in the books. Tuesday and Wednesday were loaded full of sellers getting their way then after going deeper yet Thursday morning the broader markets reversed higher with the Dow climbing over 800 points off the week's lows by the close on Friday. That was an impressive reversal. Short term there is room to go higher early next week up to the descending blue line at which point I would expect another leg down. Due to the depth of the move last … [Read more...]