While the market is long term bullish it may give a false break lower “bear trap” into May. January 15th was initially in my opinion… Read More »January High with May Low?

So far… no follow thru on this dip and we held the day bearish reversal so far. This opens a new scenario short term. Be… Read More »Cheap Inventory Before PCE

Below chart shows 60% of stock market is above the 200 day moving average. Which is showing an overbought signal in some cases. It’s not… Read More »Light Volume Correction

Wow, just amazing as the turning point for the week December 11th for the DJI, SPX, and NasDaq was pretty big. Of course, its a… Read More »Week of 11th High Panic (Fed Meeting)

I expected the rally in the NasDaq this week because of the weekly bullish reversals elected last week. Honestly, it was a hard to hold… Read More »December/January “Whipsaw” Panics?

We are becoming oversold and with the War escalating into 2024, oil may be heading higher into 2024. Below is the chart using DBO which… Read More »Oil Trade before Nov 20th – Using DBO

It looks like the markets may be hitting some resistance and we have some what if monthly bearish reversals being setup for downside movement. If… Read More »Markets Hitting Resistance into June