U-Turn

A decisive u-turn off yearly lows qualifies as a key reversal day for the major indexes. New lows beneath key support lines usually triggers heavy selling, often draining the market of that supply, which opens Read More …

The 50

Price action appeared tired Tuesday. Our bias remains at Buyer’s Caution as modest declines on light volume do little to excite. We expect to see some pullback with the 50-day moving averages serving as resistance Read More …