November 11, 2005

• Rally To Next Resistance Levels

  Another day of lower oil prices and a validation that there is foreign interest in investments in U.S. debt sent the market higher. Volume was heavy on both exchanges. Can we open long positions now? (…)

November 10, 2005

• Bombs In Jordan Reverse Rally

  Bombs in Jordan reverse a rally attempt. Pull back in oil prices relieving constraints on growth. How do we interpret today? We don’t. We wait for a day that isn’t interrupted. (…)

November 9, 2005

• Reversal Or Testing Rally?

  Indexes lost today. Volume was light. Price volume characteristics are similar to ‘getting over hump’ behavior. (…)

November 8, 2005

• Resistance, Beat Or Retreat?

  Indexes gained price. Volume is still light as key levels of resistance are being challenged. There is little economic news this week to stir institutional traders. What is the best strategy? (…)

November 7, 2005

• Friday Comes In Flat And Light

  Flat day on light volume. Record gains for the week. Stretch goals for the week were maintained. Is the rally over? (…)

November 3, 2005

• No News; Large Gains On Heavy Volume

  Oil and gas prices continued to fall as demand stays low and supply is increasing with more refineries coming back online. The broad market rallied on heavy volume led by the small caps. (…)

November 2, 2005

• Stalled Market On Mixed Volume

  The Fed raised rates another quarter point to 4%. Verbiage accompanying the rate hike was nothing new. The market stalled. Volume was mixed. What’s the broad market trading bias? (…)

November 1, 2005

• A Rally On Heavy Volume

  Strong economic data, mergers and acquisitions and lower oil prices sent the market on another rally. Volume was heavy on both the Nasdaq and NYSE. Tomorrow, should we open long positions? (…)

October 31, 2005

• Friday’s Rally Means Positive Weekly Gains

  A strong Q3 GDP sent the broad market on a rally. Volume on the Nasdaq was heavy. The NYSE had lighter volume. The trading bias is more neutral now than ever. (…)

October 28, 2005

• 3rd Day Of Broad Market Declines

  Poor earnings and down economic data send the broad market declining today on lighter volume. Small caps led. Tomorrow’s strategy? (…)

October 27, 2005

• Bond Market Affecting Stock Market

  Spike in yield on 10-year treasury bond. Hawkish fed. Indexes drop on heavy volume although still above key levels of support. How do we navigate this neutral market? (…)

October 26, 2005

• Profit Taking After Yesterday’s Rally

  Consumer confidence came in lower against expectations. Oil ticked higher on forecasts of cold north-east. The indexes closed lower on slightly heavier volume. (…)

October 25, 2005

• Market Relieved At Fed Chief Selection

  The broad market rallied today. Volume on both exchanges was light. Wilma spared the gulf, oil prices drop. When will we know if today’s advance will stick? Always look for volume validation. (…)

October 24, 2005

• Advancers Versus Decliners Positive

  Indexes were mixed. Earnings of single large cap stocks weighed heavy on indexes. How can you evaluate the broad market when the indexes are so heavily influenced? (…)

October 21, 2005

• Are The Bears Back?

  Oil prices dropped again. The indexes dropped as well on lighter volume. Today we had a correction in which an opening for a new market leader sector became available. Are the bears back? (…)

October 20, 2005

• Counting Method To Determine A Market Bottom Satisfied On Day Five

  Oil prices dropped. The Fed Beige Book said growth is happening despite the hurricanes. The earnings season has an overall positive theme. (…)

October 19, 2005

• Validation That Our Bearish Trading Bias Is Correct

  A surge in the Producer’s Price Index caused inflation fears. The broad market declined on heavy volume despite promising earnings reporting. (…)

October 18, 2005

• Use The ‘Counting Method To Determine A Market Bottom’.

  Today was flat to slightly bullish. Volume was lighter than even last Friday. How will we know if this rally will peter out and turn bearish again, or will confirm? (…)

October 17, 2005

• More Beginning Signs Of A Turnaround…

  The small caps led a rally. Key levels of support were reestablished. Volume was significantly lower. The market closed lower for the week. Do you know how to confirm a reversal? (…)

October 14, 2005

• Bears Running Out Of Steam?

  Bullish pressure finally overpowered bearish pressure in the small caps. Volume was light. What would we need to see to have confidence in a trend reversal at this point? (…)