Weekly Market Perspectives – 09/28-10/02

Weekly Market Commentary –   All appeared lost this past week as it early in the week it appeared as though the market were heading for a sell off after breaking out of the recent consolidation. In times like these, it’s important to focus on the bigger picture and view things from a longer term perspective. The weekly chart […]

Weekly Market Perspectives – 09/21-09/25

Weekly Market Commentary –   This week we saw major fireworks in the Builders and Healthcare sectors (as we’ll detail more below) but the overall market indices continued to consolidate in the range highlighted in yellow. All of the major levels we outlined the past few weeks have held so the following scenario is still in play. We see 2 possible scenarios of which […]

Weekly Market Perspectives – 09/14-09/18

Weekly Market Commentary –   This week’s price action was topped off by the FOMC announcement on Thursday.  As was the case with all FOMC announcements all eyes were firmly fixed on not just the announcement but to the market’s reaction of the announcement. As mentioned in last week’s commentary the 199.88 level acted as resistance and capped […]

Weekly Market Perspectives – 09/07-09/11

Weekly Market Commentary –   With the shortened trading week, this week’s price action could have best been characterized as a period of consolidation, as the major indices closed near where they opened. All in all a slightly positive end to the week as the buyers were able to close the week slightly higher. At this […]

Weekly Market Perspectives – 08/31-09/04

Weekly Market Commentary –   The Gap fill game. This week’s price action could have been characterized as market pinball as the major market indices bounced back and forth filling the unfilled gaps.  The SPY retraced and tested the 50% level of its most recent swing and held, which is near term bullish. As I updated mid-week on the […]

Weekly Market Perspectives – 08/24-08/28

Weekly Market Commentary –   Sell-off? On Monday the markets opened the week sharply lower to the downside. There was a palpable sense of panic as everyone speculated whether this was the big sell-off media pundits had been portending. As Monday progressed however buyers quickly stepped in over and over again at key points and began to chip […]

Weekly Market Perspectives – 08/17-08/21

  Weekly Market Commentary –   Finally the decisive break we’ve been waiting for. This week we saw the SPY finally break out of its symmetrical triangle and hit the the downside target we had laid out over the past couple of weeks. Note how the 50 period weekly SMA had previously held two excursions to the […]

Weekly Market Perspectives – 08/10-08/14

  Weekly Commentary –   The words “summer trading” pretty much sum up this week’s price action. This week we saw the SPY bounce off the 50 period MA for the second time as well as off the uptrend inside of the symmetrical triangle we highlighted for the past 2 weeks. The SPY is squeezing inside of symmetrical triangle on […]

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