Good evening StockBandits!

All but the small caps made new highs for the week today as early strength was able to hold [Read more…]

Good evening StockBandits!

With yet another chance to break out from their respective ranges, the S&P 500 and DJIA each shied away today from resistance [Read more…]

Good evening StockBandits!

The major averages posted gains today to kick off the pre-holiday week by lifting from their respective lows from last week.  The S&P 500 was able to push past 1883 again, making it the only notable technical event of the day as [Read more…]

Good evening StockBandits!

Last week saw the major averages lifting on the heels of the previous week’s strong finish, but there was no follow through.  Both the S&P 500 and DJIA reached new all-time highs, only to immediately give back ground with Wednesday-Thursday slides to fail their respective breakouts.  Having closed above their key resistance zones once again, the stage was set for the bulls to press their edge if they wanted to, but once more they hesitated. [Read more…]

Good evening StockBandits!

The major averages slipped into the red right out of the gate today, chopped around for a few hours, then tumbled further into the close.  The pullback has already erased the gains seen since Monday’s open for the each of the indexes, which puts at least a temporary kink into the bulls’ plans for a recovery.  The S&P 500 and DJIA are each just a few points above their respective breakouts, leaving them not on the edge of greatness, but rather the edge of failure [Read more…]

Good evening StockBandits!

The indexes went green this morning as they stretched into their third consecutive advance, but the enthusiasm fizzled and the highs of the session were set within 75 minutes of the opening bell.  From there, [Read more…]

Good evening StockBandits!

The DJIA and S&P 500 each broke out to new all-time closing highs today, finally clearing their respective resistance zones which have plagued them in recent months [Read more…]

Happy Mother’s Day StockBandits!

On Friday we saw the S&P and Dow each close just a short distance from where they finished the previous week.  The S&P really typified the week with 5 bars on the daily chart of alternating colors: green/red/green/red/green [Read more…]

Good evening StockBandits!

The indexes finished the day split [Read more…]

Good evening StockBandits!

Monday saw a weak start immediately followed by strength which lasted throughout the session, leaving stocks near their best levels by the closing bell.  Today, we saw the complete opposite with a downside gap which never filled and a trend day lower.  The S&P again failed to get free and clear of the 1883 resistance zone, and now is turning lower within the range after multiple tests of the apparently concrete ceiling. [Read more…]