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PSX: breakout to new high

One of the better looking setup today...


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Setup is for possible short term bounce

It looked like a good setup for capitulation bottom for short term bounce was on card today. But the market has recovered from the negati...

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This is also the time to get your ducks in a row on your 401k strategy

Market continues to be under pressure. Selling breadth however is weak. We are looking at a slow sell off. Individual stocks that are mis...

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Series of bad earnings

Series of bad earnings on large stocks and especially technology stocks have put the bounce attempt under pressure. After attempting to mak...

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Tech stock under pressure

Tech stocks and small caps is where the weakness is. Many of the big tech stocks have reversed or pulled back. They were the leader of this...

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Approaching new high

Dow Jones 30 and S&P 500 are within 1% of new high. Market established a high in September after the Fed decision to keep rates lower f...

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The earnings crush

This is a peak week for earnings announcements and around 40 large caps will be announcing the earnings. For next 3 weeks most moves will b...

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Another down day

That was the story of the day. A gap up that was wiped out by end of the day. The market continues to be in down trending mode. However w...

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4th straight day of losses

Market was down 4th day in a row. A small attempt at bounce early was quickly met with selling and the market spent rest of the day selling...

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Low volume pullback

In last few weeks the market has been in holding pattern. There are signs of distribution in some technology stocks. But nothing major . ...

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It is a stalemate

Market is stuck in a narrow range post a pullback. The selling follow through has been weak. Every time sellers attempt to take down the ma...