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Daily Insight - May 11, 2010 3:30pmAs expected, the major indices touch their declining midpoint resistance lines and overall, had limited movement as prices dropped in the early going, ran higher to resistance, and is now in unchanged territory. M...
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Daily Insight - May 10, 2010 3:30pmWith the Euro bailout being signed over the weekend, markets gapped way up at the opening while the VIX.X gapped down simultaneously. A lot of stocks are nearing their midpoints and we surmise that Tuesday's action ...
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Daily Insight - May 7, 2010 3:30pmThe Bears are still with us and boy, do they ever have "fat fingers!" Markets remain weak and should support towards their 200-day moving averages as Friday's drop is more normal and less violent or "error induced."...
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Daily Insight - May 6, 2010 3:30pmThe selling intensified and the decline has changed into a "meltdown." The Bears are in charge and after today, several months of repairing the technical damage will hinder any revival by the Bulls. In other words,...
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Daily Insight - May 5, 2010 3:30pmThe selling continues and market indices are trying their best to support on the 50-day moving average. Tech index COMPX has touched its normal lower TFTF levels while the SPX.X still has more room to decline to its ...
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Daily Insight - May 4, 2010 3:30pmWithout beating around the bush, the Bull is gone and the Bear has arrived. Period. Conversely, lower prices are expected. Declines begin by gapping down big at the onset and prices should never look back. This...
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Daily Insight - May 3, 2010 3:30pmMarkets remain within its "consolidation at the highs" and as postulated on Friday, the "best scenario for the Bulls would be for a prolonged sideways consolidation. This has unfolded and patience is warranted for n...
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Daily Insight - April 30, 2010 3:30pmMarkets have retreated and remains within its "consolidation at the highs." This week's action is seemingly tracing out a "toppish pattern" as Wednesday and Thursday's upside negated Tuesday's long down vector whi...
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Daily Insight - April 29, 2010 3:30pmMarkets have rebounded and as we do not have the second consecutive down day that prices did not touch its midpoints, there is no change in trend. Conversely, the uptrend is saved for now and the "consolidation at...
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Daily Insight - April 28, 2010 3:30pmMarkets are hanging in there but the main focus is its limited movement which infers to a "consolidation at Tuesday's lows." Both the SPX.X and COMPX are still below their respective midpoints and if prices do not...
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Daily Insight - April 27, 2010 3:30pmMarkets are currently under selling pressure as the SPX.X is under its 20-day moving average while the COMPX is getting near to it. So patience is warranted as today's close should give us clues as to tomorrow's ...
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Daily Insight - April 26, 2010 3:30pmMarkets are "consolidating at the highs" and above their respective breakout trendlines. The "trend is your friend until it ends" and higher prices are expected."Day Trader" had no trades with CSCO and scratched ...
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Daily Insight - April 23, 2010 3:30pmMarkets are consolidating at Thursday's highs, in position to stage a Day-1 breakout spike, and both the SPX.X and COMPX have edged into new 52-week highs. No problems for the Bulls and the upward spike is expecte...
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Daily Insight - April 22, 2010 3:30pmMarkets are strong as the SPX.X "supports and bounces" off its breakout trendline while the COMPX shrugs off its early weakness by bouncing off its rising midpoints. Prices are currently challenging 52-week highs ...
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Daily Insight - April 21, 2010 3:30pmMarkets are "consolidating at the highs" and above their rising midpoints which basically indicates that the bullish tone is still with us. No problems for now as prices trade in a limited range. Noted is that ...
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Daily Insight - April 20, 2010 3:30pmMarkets are moving higher above its rising midpoints and in the process of negating last Friday's declining vector. If this is done by Wednesday morning, higher prices are expected. Noted is that AAPL, YHOO, CRE...
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Daily Insight - April 19, 2010 3:30pmMarkets are maintaining a "flashing yellow" as prices hover around respective midpoints. So long as the indices do not trade for two consecutive days below and without touching the midpoints, a downtrend is not c...
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Daily Insight - April 16, 2010 3:30pmMassive losses for GOOG and GS are giving the markets a one-two punch as techs and financials plummet in sympathy. Both the SPX.X and COMPX are now at their first supporting rising midpoints and a break of this le...
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Daily Insight - April 15, 2010 3:30pmWith both the SPX.X and COMPX consolidating at Wednesday's highs, higher prices are forecasted for Friday especially if GOOG and AMD release results after the close that do not disappoint."Day Trader" scratched PCL...
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Daily Insight - April 14, 2010 3:30pmAs expected, both the SPX.X and COMPX are breaking out to new 52-week highs and staging "Day-1 consolidation breakout" spikes. As such, higher prices are anticipated as a "Day-2 continuation vector" is seen for T...
