The indices gapped up this morning and never looked back. It was the biggest day in about three months and an impressive turnaround from yesterday. Even better, this rally was based on some actual data — manufacturing data out of China and Europe. Several indices made new 52-week (plus) highs today, including the Russell 2000. [...]

It was a choppy day as the market tried to figure out if it liked the Irish bailout and the Black Friday results. We finished on a high note with afternoon strength but overall the day didn’t give us much new information. The indices are still consolidating as they have been for at least a [...]

After a shaky morning the bulls were able to keep the indices positive or near unchanged. So the oversold bounce that started last week is still intact. The trend table is looking better now that all of the short term trends are up or lateral but I wouldn’t sound the all-clear just yet. First I’d [...]

Well it was looking like a pretty harmless pullback last week but today we got the catalyst(s) to really create some downside damage. The same old global economic/financial worries that have been plaguing the market for what seems like forever came back to the forefront today. On November 4th I wondered whether the gaps up [...]

The indices haven’t done much since Thursday’s pop but the bulls should be happy about that. Price has consolidated on decreasing volume, which looks pretty constructive to me. At this point there needs to be a good (bad?) catalyst to create any kind of significant pullback. If we do sell off I’ll be looking for [...]