So far, it’s been another week of muted movement.  We believed the markets were due to try to lift a little at the time of our webinar but did allow for a “failure” scenario if the SPX couldn’t rise back above our purple resistance line that helps to form the channel the SPX has been…

Last week we witnessed a fairly controlled selloff.  This week, at least thus far, control has been lost and the selling is intensifying.  We only went with mentions last week because we wanted it to be clear that we couldn’t be confident in the markets due to the news overhang.  The tweets and trade issues…

The Dow Jones Index had a good push today, where it opened slightly down, tested the low of yesterday and made a bullish push for the rest of the day.  The NDX had a reversal from yesterdays bearish candle.  The SPX had a bullish close as well to the highest close of the week! Of…

As we discussed in this morning’s webinar, the S&P 500 looked more likely to try to push through resistance while following the path of the Russell 2000 and Nasdaq stocks higher.  The SPX did in fact close beyond clear resistance with a fine finish to the day. There should be a little more room to run before it hits our next resistance level…

Hello, Given yesterday afternoon’s developments and those that followed this morning, we thought a brief update was warranted. In our newsletter and in our webinar, we attempted to make it clear that this is a news-driven market that’s currently trend-less.  That remains the case even now.  The Wall St. gang elevated stocks after the FOMC…

We apologize for those of you that could not hear the audio of the webinar today.  Our backup audio did catch a clean recording. Here is the replay.  Thanks. Market Traction Webinar Replay Link  

In the white oval in the above chart of the SPX, we can see 2 key factors: 1. Support was found on the 100 SMA in gray. 2. We’re approaching a new resistance line in purple. We’re in a tight spot!  That means, things could change, in either direction, suddenly.  If we breakout, great!  That…

Hi all, we’re back again with a specific update on BIDU. BIDU is not the type of stock we typically seek out and cover in the newsletter but last week it was a mention due to our perception of having very strong technicals.  It has moved up about $15.00 since last Tuesday and has made…

The markets have delivered more follow-through for us since our last update.  At this juncture, some indices have risen for 8 straight trading days.  Many, actually, nearly all our names have made higher highs on Friday or this morning. Bullish ideas, ORCL, FXI and RSX have all moved up a few percentage points or more…