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This week Federal Reserve Chair Jerome Powell came out and said what the market had been thinking. He signaled that the US Federal Reserve could slow the rate at which it raises interest rates. The...
Traders booted the juniors off the trading desks following the holidays and they weren't happy. Selling in the Dow Jones Industrial Average came off the challenge of resistance defined from the last...
Yesterday was the kind of day which doesn't show up in many scans, but it was one where bulls hold the advantage. Bullish accumulation further confirmed the positive nature of yesterday's action. Any...
Markets eased back from their weekly highs last week on declining volume, but has been a fairly orderly move lower. Support levels are there for indices to lean on. The Nasdaq has its 50-day MA...
Yesterday was a day where either the glass was half-full or half-empty - depending on your point of view. Starting with the Nasdaq, a potential bearish 'harami cross' - usually the most reliable...
Bulls eye small pullback to consolidate gains Fed likely to step down on aggressive hikes, but talks of pause premature Bears need complete reversal of Thursday’s rally to re-establish...
Yesterday's gains reversed what was looking like a new leg lower, and the degree of the advance was no doubt supported by short covering coming off Wednesday's preferred strategy. I wouldn't read too...
Over the last two months, I have been tracking a possible ideal impulse move down for the NASDAQ 100, i.e., five waves lower as per the Elliott Wave Principle (EWP), to ideally around $9,500. See...
Federal Reserve unlikely to pivot Dow has failed to hold breakouts above 200-day in 2022 Index's impressive rally means bears require confirmation Speculation that the Federal Reserve might shift to a...
Value keeps winning comfortably against growth in 2022 The blue-chip Dow might put in its best monthly performance since 1976 I assert the Dow will keep rallying relative to the growth-heavy NASDAQ...
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