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  1. Post holiday... reversal?


    I hope everyone enjoyed their holiday weekend. I did something I hadn't done in a long time, if ever - I didn't sign onto the site in anyway for over 2+ days. I needed the break but it was more of a mistake as my server in my office went offline and I couldn't communicate with it like I normally do when I'm away. It looks like everything survived, so let's get to work...

    Stocks showed us some typical, light volume, slightly positive biased action on Friday as the Dow gained
    ...
  2. The Bull Awakens

    Last week, I posted a chart of the NYSE and I said that price was likely to find support between the 2 lines I drew on the chart. I also said that there was a large, weekly doji that showed how much of a battle there was between the bulls and the bears; a battle the bulls won 2 weeks ago, but they had to lift the NYSE off a deep low. That low was about in the middle of my support area. I cautioned that price was fighting to stay above the 50 dma, but that overall I was leaning bullish for the coming ...
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  3. Holiday slowdown

    Stocks saw a light volume mixed to flat day on Thursday as the Dow lost 23-points, the S&P was flat, the Nasdaq was up a half dozen points, and small caps slipped about 0.2%. The holiday trading atmosphere is here and the historical bias leading up to the holiday is slightly positive.

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  4. Fibonacci Retracements, Arcs, and Timezones ... & Gold Short Covering?

    CHART/VIDEOS:

    VIDEOS:
    05-25-16 Ira Epstein--Metals:
    [URL]https://www.youtube.com/watch?v=DMswcKuyfQw[/URL]

    Gold gains as traders cover short positions
    [URL]http://www.cnbc.com/2016/05/25/gold-edges-up-but-stays-near-7-week-low-on-fed-rate-hike-outlook.html[/URL]

    Futures Now: Gold on losing streak
    [URL="http://video.cnbc.com/gallery/?video=3000520400"]Futures Now: Gold on losing streak[/URL]

    Fibonacci Retracements, ...
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  5. Rally day #2


    Stocks rallied for a second day on Wednesday as the Dow added another 145-points. The question on investor's minds is whether this is for real or if it is one of the pre-holiday reversals that we often see before a major holiday? You know, the ones that reverse back after the holiday?

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