Category: Prepare for the Trading Week

Last week, we warned of the possibility of a near-term bounce followed by a continuation lower. We got just that this week, as the markets slid after the uber-hawkish comments out of the Federal Reserve. On Monday, we saw the […]

Last week, we noted some ‘Zones Of Interest’ to be mindful of coming into this week. The lower zone was tagged across all the major indices and was immediately rejected on the news of a higher-than-expected CPI number. Then came […]

Though this week got off to a shaky start, with volatile reversals across the major indices on Monday, markets managed to find their footing by Wednesday and close the week strong. It appears that at least a short-term low has […]

Though the month of August started out strong, it concluded by giving up everything that had been gained, and some. Though important swing low pivots held into the end of the week, there is a strong case setting up for […]

This week started off with gaps down on all three of the major indices. Though price attempted to rally into Thursday, it seems that was a fake pump to trap longs as Jerome Powell’s comments on Friday sent markets sharply […]

There’s been a lot of talk lately as to when markets might lose some of the wind from their sails and it seems that those worries could be coming into fruition now. We saw indices stall and consolidate at or […]

Short biased traders were caught quite offside this week, as the indices continue their march higher. The sideways action that many feared would resolve to the downside turned out to be accumulation and now markets seem poised for further gains. […]

Another week in the markets has come to a close, and once again the bulls find themselves in control. Though there were fears mid-week regarding a certain senator who happens to be keen on insider trading, those fears were quickly […]

The bulls came to party this week, and what a party they had! Recession was redefined, the market shrugged it off, and new highs were made against last week’s highs across all of the major indices. Let’s dig into the […]

Another exciting week in the markets has come to an end, and the indices are finding resistance in some obvious spots. Whether this week was a short covering rally or something more is yet to be known, but we’ll find […]