As expected, the markets (Oil, Gold, Dow, S&P) moved higher into the Thanksgiving holiday and beyond. The market internals aren’t pretty but the trend is still up. If the trend continues, we could see that Dow 12,000 area which would be in the area of the weekly typical wave 5 up resistance. There are potential [...]
Bloomberg reported that insider selling in the S&P stocks reached a record last week after the markets made a new yearly high. This is another sign of internal weakness to add to the already long list. The risk to reward proposition on the upside is looking less attractive with each passing day but as I [...]
First, let me apologize for missing my own webinar last week and not getting to all your emails and phone calls. We had a tornado come through our property and level some buildings next to us. I also hurt my back during this time and have been laid up in bed until today. Now, on [...]
It has been said that Bond traders are the smartest traders of all. Last week we saw a few days where the bond market traded higher with the stock market. What might the bond traders know that we don’t? Find out in this weeks market update featuring the MTPredictor Elliott wave and Fibonacci trading software [...]
As I mentioned in a previous week’s video, the market made its way into earnings season by hitting the YM 11,000+ mark. Whenever institutions want to create the sense of buying in the market they tend to bid up stocks like GOOG which carry a lot of weight in the NASDAQ . We have seen [...]