Market gaped lower and was moving to close the gap when the Consumer Confidence number came out at 10:00am and basically sparked a large rally. Toward the end of the day there was a bit of selling but the day closed almost at the HOD. Volume was averagehe U.S. consumer confidence number had the biggest [...]

Large gap higher and an upward trend channel from start to finish with a little resistance at 900. Volume was average
Citigroup’s (C) upgrade of Lennar Corp (LEN) shares to “buy” and Lowe’s Companies (LOW) raising its full-year earning forecast fueled the rally into life again. The Chicago Board Options Exchange Volatility Index (VIX) fell 8.7 [...]

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 slow and choppy trading day. The starting gap up was closed to yesterdays’ close and then the price battle moved to the 825 battlefield. Every tick or move down was answered with an equal tick or move up and viceversa. Financials were expecially contested with a narrow channel for most of the day [...]

Market opened on large positive gap and rallied the first hour of trading to the 800 resistance level. Then price oscillated above and below that level without any clear direction until 2:15pm when volume exploded taking price to the upside huge and ending the day printing a +7.08% day for the S&P 500 Index. Volume [...]