We should expect much lighter volume for the rest of the week. (Remember that Friday is a half day.) It wouldn’t surprise me at all to see a rally attempt. We often see that happen during these holiday weeks. If that does happen, I’d expect it to be reversed next week when all the players [...]

Resistance held yesterday but the bulls are giving it another shot this morning. We have a pretty good setup for a short squeeze — a probable light volume, holiday week with the indices threatening to bust through multiple levels of resistance. Let’s see if the bulls can keep up the buying pressure… On Today’s Calendar: [...]

Friday’s strength has carried over into this morning. It’s a promisig start to the week but the indices are also gapping right into resistance zones. Given the probable light volume this week we may have to take whatever happens with a grain of salt. On Today’s Calendar: 10:00 — Existing Home Sales More Calendars: U.S. [...]

We’ve got a gap up for a change. If I were trading today — I’m not b/c of options expiration — I’d be watching for the October low on the Dow. It would be a good sign for the bulls if it can climb back over that level but it’s probably more likely that it [...]