Wednesday Market Wrap

The market chopped around today, basically took the  rest that it needed..  The next week or so should be interesting. Will we advance, go sideways or pulback? Barring a nasty geopolitical event, I would think we go higher or maybe sideways. Not any real big developments today other than the partial profit we took on [...]

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Frenzy

Economist macro dude. How dare they not close this thing at 2000 after getting us all ginned up. Biotech lit it up and the financials added gains and made more new 52 week highs  The banks are close to taking out the Sept. 2008 highs.  It has taken the banks a long time to play [...]

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Thursday Market Wrap

For the day the SPX/DOW were +0.30%, and the NDX/NAZ were +0.15%. Bonds gained 3 ticks, Crude added 55 cents, Gold dropped $13, and the USD was lower. Short term support is now at SPX 1991 and 1973, with resistance at the 2019 and 2070. We have a really big day tomorrow as Yellen speaks at  10 [...]

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Wednesday Market Wrap-New Addition

For the day the SPX/DOW were +0.30%, and the NDX/NAZ were mixed. Bonds lost 11 ticks, Crude added 55 cents, Gold dropped $4, and the USD was higher.  Short term support is at 1973 and SPX 1964, with resistance at SPX 1991 and 2019. Tomorrow we see weekly jobless claims at 8:30, then existing home sales, [...]

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Tuesday Market Wrap

New levels……… Short term support is at 1973 and 1956, with resistance at SPX 1991 and the 2019. We ended the day very short term overbought, so I took  some profits, if you are following along at home please click the P&L tab for  any adjustments. There are still great setups out there and I’m [...]

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