More on Market Tops

More on Market Tops

In the last post I indicated that the markets could find support around the 14,500 level and the markets found support at 14,550. What we experienced was a sign of weakness (SOW) which was accompanied by significantly increased spread and volume to the downside and a...
How Tops Form in The Stock Market

How Tops Form in The Stock Market

It appears as though the markets are going through a topping process, though not all of the attributes of a top have been put in place. I mentioned in the About page that my formal technical training came from the Stock Market Institute in Phoenix Arizona. The...

Is the Correction Here? What it can Mean…..

Just a quick look this morning as the market looks to be completing a short term top. I will discuss how we got there in a later post. A quick look at a point and figure chart for the S & P 500. From the 1640 level there are 8 boxes in the count and since it is a...
Taking a Look at Market Cycles

Taking a Look at Market Cycles

There appears to be a tug of war going on with the markets. One day we’re up 100 points or more and the next were down 100 points or more. The short term trend line has been challenged a couple of times but has held so far. The markets appear to be preparing for...

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