Short-biased traders are completely offside this week, as indicators continue their upward movement. The sideways move that many are afraid to resolve to the downside turned out to be buildup and it…
Tag: market
Market Update August 8th: Markets Are Close To Showing
Another week in the markets is coming to a close, and once again the bulls are finding themselves in a position of control. Although there were midweek concerns about a particular senator…
August 1st Market Update: The Bulls Are Winning Again!
The bulls came to celebrate this week, and what a party! The recession has been redefined, the market has ignored it, and new highs have been recorded against last week’s highs across…
Market update to July 25th: Indicators pause when expected
Another exciting week in the markets is over, and indicators are finding resistance at some obvious points. Whether this week is a short-covering rally or something else is not yet known, but…
Market Update July 18: Ignore Inflation
Although there was a lot of fear coming on Wednesday which saw higher-than-expected inflation numbers, the markets were able to shrug off the fears and rally until the end of the week….
Market Update July 11th: The Return of Strength
Last week’s losses were almost erased this week, as some renewed strength showed up in the indices. The higher-than-expected jobs numbers have been ignored by the markets and look set to continue…
Market update July 5th: A week of backtesting
After the strength seen across the indicators last week, it was reasonable to expect some pullback this week to see if last week’s lows hold. However, the week ended with only proper…
Market Update June 27 – Finally, Some Power
For all intents and purposes, indicators this week started at their lowest levels since November 2020. With sentiment in the landfills, it was fitting to finally see some strength. The bulls enjoyed…
Market Update June 20 – The Pain Continues
The week started with a bang, taking out “must hold” areas from the previous week on all indicators. Although the news of a 75 basis point rate hike brought some strength and…
Market update to 6.13 – CPI causing damage
Last week’s consolidation continued into the front half of this week, but was resolved to the downside by higher than expected CPI numbers. The indicators now find themselves at pivotal levels that…