In the morning market traded just above yesterday’s close but by 12:00am the level was broken to the downside to find some support at 911. Late in the trading day some effort by the bulls to take the market higher failed and we closed almost at the LOD. Volume was below averageixed economic data was [...]

Very common rebound on big gap of previous day. Price trended upwards all day until huge profit taking took place from 3:30pm until the end of trading. Volume was average and trending slightly upn Britain, Barclays bank declined to take part in a government asset-protection plan. Thus setting a positive mood in the Financial Sector.
S&P [...]

Monday trading opened with a big gap down that followed with profit taking and a bit of relief buying at the end of the day. Volume was average. VIX rose 10.96%The government told GM and Chrysler that they have 60 more days to put their act together or face “orderly” bankruptcy. GM CEO Rick Wagoner [...]

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 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 [...]