Stock Market Some Day…..Stock-Markets / Stock Markets 2015Aug 02, 2015 – 05:08 PM GMTBy: Jack_SteimanWe are all trying to wrap our heads around this base. Arguments can be made on both sides. The bulls will tell us that sentiment is unwinding nicely as we hold the range, while the bears will say the longer this goes on without breaking out […]
Greece and Stock Market Divergences…….Transports Ugly….Stock-Markets / Stock Markets 2015Jun 25, 2015 – 11:32 AM GMTBy: Jack_SteimanThe market was gapping down just a drop heading in to the trading day. Nothing to get upset about but, then came the news many didn’t want to hear. Talks regarding Greece breaking down, which is not unexpected. The futures fell further still and […]
Stock Market Right Back Up…Stock-Markets / Stock Markets 2015May 28, 2015 – 06:21 AM GMTBy: Jack_SteimanWhen dealing with the stock market of the past five to six months there is a theme to be understood. Never judge one day’s action as if that’s the new trend to come. We have seen so many big days both to the up side […]
Stock Market Basing Below The Breakout….Stock-Markets / Stock Markets 2015May 16, 2015 – 05:57 PM GMTBy: Jack_SteimanWhen you watch price action near critical levels of resistance you want to see how it holds up, even if the short-term charts are at or near overbought. Watching the action today with those short-term sixty-minute charts near or at 70 RSI it has […]
Stock Market Status Quo….Stock-Markets / Stock Markets 2014Aug 30, 2014 – 12:39 PM GMTBy: Jack_SteimanThis an abbreviated holiday edition.Folks, to be honest, there’s not much to day about this market that we haven’t discussed repeatedly for weeks, if not months. There are a number of issues the market is facing that one would think would be the beginning of the […]
Stock Market Will We Ever Sell……!..Froth Ramping Again…Stock-Markets / Stock Markets 2014Aug 28, 2014 – 03:11 PM GMTBy: Jack_SteimanOf course we will, and the market is set up right here to do so, except thus far it hasn’t. Three straight days of daily-chart topping sticks across all the major indexes. It hasn’t mattered. The market refuses to sell. It really […]
Stock Market Gap To Gap…Hit The Top…Reversal….Nothing For Either SideStock-Markets / Stock Markets 2014Aug 16, 2014 – 04:05 PM GMTBy: Jack_SteimanThe market came off the bottom with a series of gap ups as it back tested lost 20- and 50-day exponential moving averages. The big question was would those moving averages get taken back out or would those levels act […]
Stock Market Down Hard Then Reversal…..Stock-Markets / Stock Markets 2014Jul 29, 2014 – 03:06 PM GMTBy: Jack_SteimanNo one reading this article will argue that things are deteriorating technically. We also have fundamental headaches, such as we saw from the real-estate world today. But focusing on technical action, the bears certainly have made some progress. A nice gap down now in […]
Stock Market Gap Up….No Gains After The Open…Stock-Markets / Stock Markets 2014Jul 15, 2014 – 09:44 AM GMTBy: Jack_SteimanIt was a surprise to see the market gap up today, and an even bigger surprise to see it simply die after the open, since the gap up was pretty powerful in terms of price. Normally, after such a decent gap up, […]
Stock Market Bullish Until Proven Otherwise….. Stock-Markets / Stock Markets 2014Jun 28, 2014 – 06:20 AM GMTBy: Jack_Steiman
We were gapping down once again this Friday morning. It wasn’t a massive gap down, but it had potential. A five handle on the S&P 500 isn’t major, but it is something the bears can work with. Within minutes their […]
