MARKET COMMENTARY Higher supports hold presenting the continuing environment of buying the dips.  We begin the earnings season today and traders are looking at the analysts who have started to pull estimates back in as the signs of the slowing across the world still show steady. Target zones are now a bit higher as we stay bullish overall – near 2898-2912. Lots of buyers seem to be crowded around 2880 for now (more…)

MARKET COMMENTARY Charts tested higher levels of resistance today at 2900 with a solid jobs number but have begun to fade.  Good news now holds us steady but does not send us into the breakout range to stay Target zones still sit near 2889-2895 still as we search to close out a positive week ahead.  Lots of buyers seem to be crowded around 2880 for now. Intraday motion is likely to continue long on (more…)

MARKET COMMENTARY Charts have stalled at the highs noted from yesterday (see my tweet about (more…)

MARKET COMMENTARY Up and up we go! Overnight sessions jumped higher as we press into resistance areas not seen  since October as traders push prices through low volume areas.  New target zones sit near 2889-2895 as trade news is given the credit for this price action. As in days past, intraday motion is likely to continue long (more…)

MARKET COMMENTARY Even as divergence holds in the charts across time frames, we still move (more…)