Good evening StockBandits!

A bounce attempt Friday failed to impress, and as the weekend concluded, overseas markets slipped further.  China saw a 5.3% decline Monday on credit concerns, eroding confidence further.  The worry produced a downside gap to kick off our week.  After a hard pullback, a downside gap is sometimes utilized for upside reversals, but not today. [Read more…]

Good evening StockBandits!

Last week proved pivotal with downside trading range breaks across the board.  Stocks had rallied right into the FOMC meeting, and true to recent reversal-prone form, we saw a turn of direction after the news which left market participants in every asset class raising cash. [Read more…]

Good evening StockBandits!

As noted last night, I’m on the road this evening but wanted to bring a brief update after such a significant day in the market. [Read more…]

Good evening StockBandits!

The week’s most-anticipated event was today with the FOMC, and it didn’t disappoint in delivering some fireworks to the market. [Read more…]

Good evening StockBandits!

The indexes moved past their June highs today to enter the upper ends of their respective trading ranges ahead of the Wednesday Fed day. [Read more…]

Good evening StockBandits!

Early enthusiasm this morning saw the bulls gaining some steam as June resistance was approached. [Read more…]

Good evening StockBandits!

The bounce which began the previous Thursday and Friday off key support zones carried over into Monday of last week. [Read more…]

Good evening StockBandits!

The bulls’ grip on the market seems to be slipping just a few days after seeing them defend key short-term support zones. [Read more…]

Good evening StockBandits!

The stalled-out price action we saw yesterday on the heels of a bounce from recent support suggested the sharp initial rally was running on fumes. [Read more…]

Good evening StockBandits!

The bounce from key levels which began last Thursday morning carried over into this morning, then quickly stalled out. [Read more…]