Monthly Archives: December 2005

SHORT TERM: POSITIVE The TRANsports made new highs yesterday and we missed it. Sorry, because it’s really important. Now, I don’t usually elaborate on the TRAN because it’s not one of the four main indices, but we have reported its … Continue reading →

The market continued to rally off tuesdays extreme short term oversold level till about 10:30AM, pulled back a bit, and then rallied to 12:30, when the SPX/NDX displayed a negative divergence, and the market was short term overbought. There went the … Continue reading →

SHORT TERM: NEUTRAL to POSITIVE. The markets opened lower, rallied into mid afternoon and then settled unchanged on the day. What appears on the surface, as a day that the selling abated somewhat in the NAZ/NDX and the markets found … Continue reading →

SHORT TERM: NEUTRAL. The general market SPX/DOW rallied into the open, as the NAZ/NDX continuted to lag. Then just past midday, the friday selling in the NAZ/NDX resumed. The SPX/DOW held pretty well, with the SPX holding it’s recent 1258 … Continue reading →

Just a quick update. To complete minor wave 1 of intermediate wave iii in the SPX/DOW, we need a close above 1273 and 10,932 respectively. This would also imply an intraday print above SPX 1276 and DOW 10,960. The NDX … Continue reading →