I’m still watching for a lower-low on the S&P, which will indicate a down-trending channel. Given today’s gap down it looks like we may get that lower low. I’ll also be watching for potential support near the 50-day moving average. On Today’s Calendar: 10:00 — ISM Services More Calendars: U.S. Earnings | Conf. Calls | [...]

Yesterday we had a bit of technical damage done to that nice bullish scenario, but not as much as it may have seemed based on the price movement. The S&P closed under its 50-day moving average but this morning’s strength has already popped it back above that line. Trying to keep that index under the [...]

My how things can change with a quickness, and I’m not just talking about CROX! Bad news from/about XOM, C, BAC and foreclosures has already wiped out all of yesterday’s gains on the S&P 500. It looks like there will be no breakout today. On Today’s Calendar: 10:00 — ISM Index 10:00 — Pending Home [...]