Market gaped down and remained directionless around the 850 level until 1:00pm where a rally to test Thursday’s high took place. Price remained at those levels for a while but again took off to new highs around 3:00pm. This last mini-rally was somewhat negated by a sell off that took price to a level close [...]

Market opened with a huge gap up and never looked back. There was very little profit taking at the beginning of the day (for such a sizable gap this is very telling) followed by a charge to the 850 resistance. The first charge was unsuccessful and the LOD were tested again but then price took [...]

A very tight and choppy day. The market opened with a small gap down and proceeded into a choppy downward trend until it rebounded at the 825 support level. From there it printed a symmetrical choppy upward trend, closing almost flat with the opening price. Volume was a bit below average
The market was mainly directionless [...]

Back below the 825 level in a tight and choppy trading day. Consolidation continues with a strength that is surprising many traders who impatiently are expecting a retracement. Volume was average.
JPMorgan Chase & Co’s (JPM) CEO Jamie Dimon got automatically nominated for the foot in mouth award after he commented live on CNBC that March [...]

Market opened higher then quickly bumped on yesterdays’ high twice (Third time 825 level acts as strong resistance in 3 days) and followed with a crash dive pass the 800 resistance to the 790 level where the 50 day SMA rest. At that level a very strange clean V-shape profit-taking rally extended all the way [...]