Monthly Archives: January 2012

Strength Continues

On Fri­day, the mar­ket closed lower than the pre­vi­ous close for the first time in eight days.  It is unusual for the mar­ket to paint so many up closes in a row.  Nev­er­the­less, the mar­ket con­tin­ues to show strength. Although … Con­tinue read­ing

Stock Market Activity Picks Up

As we said last night, the activ­ity in the stock mar­ket should pick up today and we are see­ing that com­ing into the US open.  Volatil­ity is increas­ing. The Weis Wave shows buy­ers in good con­trol of the mar­ket.  Vol­ume … Con­tinue read­ing

Watch for Stock Market Activity to Pick up Tomorrow

The stock mar­ket held its gains today and avoided up thrust­ing the 1283.50 high.  That’s a plus for the mar­ket, but it was a strug­gle.  Buy­ers were unable to mount much of a rally as seen by the rel­a­tively nar­row … Con­tinue read­ing

Stock Market Rallies. Can it Hold?

As we expected, the stock mar­ket ral­lied up and out of the absorp­tion area.  Most of the advance came in the Globex trad­ing hours prior to the US ses­sion open. Stock Mar­ket Ral­lies but can it Con­sol­i­date & Hold its Gains? Although … Con­tinue read­ing

Is the Stock Market Getting Ready to Rally?

Again we see the stock mar­ket dip down and then rally back up to close firm.  I men­tioned last night that the cur­rent mar­ket action is look­ing like likely absorp­tion.  It looks even more like absorp­tion behav­ior after today’s action. … Con­tinue read­ing

S&Ps Holding Gains

Last week, the S&Ps held just below the 1283.50 high put in dur­ing late Octo­ber.  On Fri­day, we pushed up briefly over Tuesday’s 1280 high, but couldn’t hold it.  But, we didn’t sell off hard on the reac­tion.  I view … Con­tinue read­ing

S&Ps Continue to Push Higher

Happy New Year! Happy New Year to all our read­ers!  Helen and I (and Asta, too!) are back from hol­i­day.  We had a great time spend­ing Christ­mas Week and New Year’s in north­ern New Eng­land.  It is a won­der­ful place to … Con­tinue read­ing