Good evening StockBandits!

Three out of four averages declined today, but it was [Read more…]

Good evening StockBandits!

The major averages began to falter last Tuesday, only to recover mid-week and return to their trading ranges. By Friday, however, the bulls were having second thoughts [Read more…]

Good evening StockBandits!

The market appeared poised for a breakdown last night, then saw some morning weakness today which paved the way for [Read more…]

Good evening StockBandits!

The troops may be getting restless up here in this trading range, as we [Read more…]

Good evening StockBandits!

We kicked off the new week today with some early strength in the NAZ and RUT, while the blue chip averages simply churned. [Read more…]

Good evening StockBandits!

Weakness off positive openings on Wednesday and Thursday was met with some early indecision Friday and a new pullback low for the week by mid-morning, but the bulls responded with yet another “when in doubt, buy ’em” rally. [Read more…]

Good evening StockBandits!

On the surface, the market didn’t move much lower today, but the intraday action told a much different story. That was in part due to [Read more…]

Good evening StockBandits!

The story of the day was the NAZ, as it edged to a new multi-year high past 4610 and promptly reversed lower to close beneath Tuesday’s low. In technical terms, that’s called an outside reversal [Read more…]

Good evening StockBandits!

We’ve not had any real pullbacks in over a month now. Some would say it’s because of the news flow, others because of ____, but in reality it’s because the bulls have contained all selling to merely dips – and they’ve bought every single one of them. [Read more…]

Good evening StockBandits!

I got a new grill recently. It’s a ceramic egg and quite different than the stainless propane grill I previously cooked on. The other day, I got it fired up past 750 degrees and threw on a couple of steaks. (Stick with me, I’ll get to the market momentarily…I’m going somewhere with this). I turned the steaks in 2 minutes but they had already been charred. I hadn’t ever cooked at those temps, so I didn’t know what to expect! After turning them and briefly cooking the other side, I pulled them off to let them “rest” but they continued to cook due to their heat. First I had the sizzle, then the heat fizzled out but not before a little more (cooking) progress took place.

So, what does this all have to do with the market? Well, we just ramped (sizzle) and now we’re a bit stalled out (fizzle) despite having made a little more progress last week. Ahead of [Read more…]