Written by Dan Micovic The market put in another solid, workman-like effort today buoyed by an upbeat ADP report.  The reported noted that private-sector employers added 42,000 new jobs in July, outpacing analysts’ expectations. Also today the Institute for Supply Management (ISM) stated that its non-manufacturing index improved to 54.3% in July, versus expectations of [...]

Written by Dan Micovic A somewhat of a boring week but one that could prove very beneficial in the months to come.  The Dow Jones gained 7.1% during the month of July, which was its biggest monthly gain in a year.  We needed the market to digest the move so consolidation was to be expected [...]

Written by Dan Micovic Our report for tonight will be short.  Our readings have been spot on and this week has been one of our most profitable of 2010.  We are now finally getting mixed readings from our key indicators and our bullish stance has turned neutral.  This week’s action has been grinding with an [...]

Written by Dan Micovic We saw some great achievements by the market this week.  On the first day of the week (and month), the Dow Jones Industrial Average cracked the 10,400 mark for only the second time since Jan. 20. On Thursday, the Dow closed in positive territory for the year. On the final day [...]