It looks today like another gap up. Around the world while we were sleeping: Asia put in another strong performance. Good manufacturing numbers out of Japan helped to boost the Nikkei and the Yen. Europe is mostly green across the board with a subdued rally this am, but green is green and our futures...
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Bears are in retreat around the world this morning as even China puts on a good performance last night. Japan was up almost 2% while China held to about .7% after being up over 1% but sliding a little into the close. Across the watery divide to Europe which is continuing it Christmas rally...
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As mentioned in the New 52 week high post, the NYSE was the cause of weakness today. We will watch in the live trading room in the first 30 minutes at the open to get a feel for how the breadth is performing. You can see it in our live A/D line indicators as...
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Back from Bangor-Maine where I spend some great quality family time with my extended set of relatives and my mom. It was fantastic to get together. They are a hardy lot that live in the north country. Now back to work. The week closed mixed with the DOW down -1.36% and the Russell closing...
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The world did not play nice last night while we slept. In Asia while Australia was marginally in the green the Hong Kong closed down a solid 1% and Japan erased what was a nice 1% gain to fall apart in the closing hour to close red. Not a strong showing from Asia. Currently...
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Adding from the 3 charts below we score today a 12 out of 18 which continues to be bullish, but it is slightly weaker than yesterday +16 score. It bares watching, a weak start could mean another 3% type pullback for a run at the end of the year into the first week in...
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Adding from the 3 charts below we score today a 12 out of 18 which continues to be bullish, but it is slightly weaker than yesterday +16 score. It bares watching, a weak start could mean another 3% type pullback for a run at the end of the year into the first week in...
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I will be posting my weekly charts as the day goes on. Sometime tomorrow (Sunday) I will wrap up a conclusion for the next 3 to 5 days giving my extend forecast for the week. Take a look at each chart as they are published and let me know what you think the week...
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This indicator lately has not be performing well as we have rallied with market breadth weakness. There is an underlying sell going on that is not reflected in indices. (Maybe a flight to quality). Currently they are setting up to issue a buy signal, perhaps into the closing today if we rally, but if...
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This posting is more of a rant then anything. Here it comes. I hate posts that contain feeling words when it comes to market information. We have all read them: It sure feels toppy in here I think we are oversold Seems like the bears are in control What bothers me is that …...
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