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• Nov 10, 2009

  Daily Insight - Nov 10, 2009 3:30pmMarkets are "consolidating at the highs" and the fact that Monday's long up vector has not been negated lends to our prognosis that prices should be making a new 52-week high within days.  After that point, we will see ...

• Nov 9, 2009

  Daily Insight - Nov 9, 2009 3:30pmMarkets are strong and about to challenge the October 52-week highs.  Higher prices are expected as there is still some room for prices to move before they get to the first resistance level. "Day Trader" had no trades wi...

• Nov 6, 2009

  Daily Insight - Nov 6, 2009 3:30pmAs expected, both the SPX.X and COMPX are moving up towards the upper consolidation line and should reach this level with the next rally.  Noted is that even with the jobless economic numbers, the markets remain strong a...

• Nov 5, 2009

  Daily Insight - Nov 5, 2009 3:30pmWith the the SPX.X besting Wednesday's high of 1061.00 in the early going, our "mental stop" was triggered and that meant that the sideways consolidation is the favored outlook.  In addition, COMPX is also remaining in i...

• Nov 4, 2009

  Daily Insight - Nov 4, 2009 3:30pmMidpoints have arrived to help "push" down prices and proved worthy to the task.  Markets were volatile after the FOMC decision to leave rates unchanged and prices are eroding in the last half-hour.  We will wait for th...

• Nov 3, 2009

  Daily Insight - Nov 3, 2009 3:30pmMarkets remain "consolidating at the lows" and as said yesterday, "midpoints still need a couple of days before it arrives down to this area."  As such, midpoints are trending lower according to our outlook and a heighte...

• Nov 2, 2009

  Daily Insight - Nov 2, 2009 3:30pmAlthough market indices SPX.X and COMPX are "consolidating at the lows," prices are also near the October 2nd lows.  So while the markets decide on whether to stage a "consolidation breakdown" vector or rebound back into...

• Oct 30, 2009

  Daily Insight - Oct 30, 2009 12:20pmMajor markets are negating Thursday's up vector and more losses are in store especially if prices break below the lower consolidation line."Day Trader" has no trades with AXP, will now cancel this order as markets conti...

• Oct 29, 2009

  Daily Insight - Oct 29, 2009 11:30amMajor markets are currently staging a reflex rally but is lacking momentum as a lot of techs are just tentatively higher. So unless the indices push even higher in the afternoon, sellers will take control at the bell. "...

• Oct 28, 2009

  Daily Insight - Oct 28, 2009 3:30pmMajor markets are all lower but still need a bit more losses to reach their lower consolidation boundary.  As such, lower prices are expected. "Day Trader" lost $0.40 cents with EBAY and had no trades with RIMM.  He wi...

• Oct 27, 2009

  Daily Insight - Oct 27, 2009 3:30pmAs we all know, an inability of markets to reverse a long vector has its consequences.  The major indices are all down and excluding the Dow Jones as components IBM, MRK, and AXP are higher, today's "consolidation at th...

• Oct 26, 2009

  Daily Insight - Oct 26, 2009 3:30pmMarket's spectacular reversal in the 11:15am time frame shows us that the Bull is "long in the tooth." Anytime markets can erase 100 up points. go down 100 points, and stay there for the rest of the day does not auger we...

• Oct 23, 2009

  Daily Insight - Oct 23, 2009 3:30pmMarkets staged another one-two-punch but in the opposite direction of Thursday in that after an initial MSFT induced pop, it stumbled throughout the trading day.  So with yesterday's "support and bounce" vector being ne...

• Oct 22, 2009

  Daily Insight - Oct 22, 2009 3:30pmMarkets staged a one-two-punch as it went down in the morning and then bounced back up in afternoon trading.  Both the SPX.X and COMPX are now back over their midpoints and further gains into the close should solidify t...

• Oct 21, 2009

  Daily Insight - Oct 21, 2009 3:30pmMarkets remain "consolidating at the highs" and as they are above their rising midpoints, the uptrend continues.  Further weakness may develop if and only if prices close beneath these midpoints. "Day Trader" had no tra...

• Oct 20, 2009

  Daily Insight - Oct 20, 2009 3:30pmMarkets staged a "pop and drop" off AAPL and TXN's earnings and have now settled back into their recent consolidations.  And because yesterday's vector was negated today, a close here around the Dow minus 75 points coul...

• Oct 19, 2009

  Daily Insight - Oct 19, 2009 3:30pmMarkets have been "consolidating at the highs" for the past several days and if it closes around here, (with the Dow over 104 points), it will be in position to resume the uptrend and make new 52-week highs.  Very simpl...

• Oct 16, 2009

  Daily Insight - Oct 16, 2009 3:30pmToday's decline allows the indices to "consolidate at the highs" and as prices remain above midpoints and breakout trendlines, higher prices are still expected for next week."Day Trader" had no trades with V [Visa] or AX...

• Oct 15, 2009

  Daily Insight - Oct 15, 2009 3:30pmAs markets have not negated Wednesday's breakout vectors, today's "consolidation at the highs" should be resolved to the upside.  The catalyst should be some decent earning reports from IBM, GOOG, and/or AMD, all slated...

• Oct 14, 2009

  Daily Insight - Oct 14, 2009 3:30pmMarkets have all staged Day-1 upside spikes and higher prices are expected.  No "ifs and buts" as the indices post new 52-week highs."Day Trader" had no trades with EXPE nor CSCO as they both opened above Tuesday's high...