The bulls wrestled back control of the markets today after yesterday’ s sell-off. However, we haven’ t made much movement this week and we are still trading in this consolidation range of 1064-1082 on the SPX. Corporate earnings have been solid for the most part but until we get the overseas markets to play along [...]

The Dow Jones Industrial Average continued its march higher and managed to hold on to the 11,000 level.  Corporate earnings were solid this past week but it appears that investors are pausing a bit ahead of the upcoming mid-term elections and may be waiting for more details of Chairman Bernanke’s “further action” that he signaled [...]

Stocks continued their climb higher right from the opening bell today and although we closed off of the highs, the market did put in some serious work and we are still on track for 1200 on the SPX by the end of the month. Today we had a strong mix consisting of strong economic data [...]

The bulls regained control last week and stretched the September rally into the fall.  The DJIA managed to settle above 11,000 for the first time since early May and we see some indicators that are telling us that this market has more room to the upside. Interestingly enough, the Dow had difficulty closing above the [...]

The SPX is caught in a tight trading range again after breaking out above the resistance at 1151. We saw the market meekly test both support at 1151 and resistance at 1164 yesterday and we expect more of the same on Thursday. Friday should provide some fireworks as we’ll get the unemployment report. Following the [...]