Good evening StockBandits!

Wednesday’s rally was by some measures the biggest of the year, although coming from short-term oversold conditions, it removed a bit of the surprise factor. Last night, the [Read more…]

Good evening StockBandits!

With short-term oversold conditions having arrived, the stage was set for a snapback move and that’s just what we got today. Led mostly by energy, [Read more…]

Good evening StockBandits!

When I was in the third grade, I was in the midst of a growth spurt. For me, that meant shoes which were just a touch too big for me, which in turn meant I did some tripping. I remember one specific occasion when I tripped while running across the asphalt on the way to class. I threw out my hands to break my fall, and the asphalt was completely unforgiving. It wasn’t pretty! Tripping hurt – not just my scraped-up palms, but my pride.

Thinking back on that time, I know how the bulls must be feeling right now. In the span of just 2 1/2 weeks, the bulls have gone from smooth and steady dip buyers to being flat-out clumsy. Take [Read more…]

Good evening StockBandits!

Since the S&P 500 failed its breakout from the large megaphone pattern, all we’ve seen is [Read more…]

Good evening StockBandits!

There has been plenty of smooth sailing for the past 2 months, but last week we saw the market run into some turbulence. Having interpreted [Read more…]

Good evening StockBandits!

Another day, another change of direction. Following Wednesday’s steady slide, stocks recovered quickly today with a sharp rally in the morning, [Read more…]

Good evening StockBandits!

Tuesday’s turnaround caught many off guard, but equally surprising was today’s [Read more…]

Good evening StockBandits!

Dip-buyers disappeared on Monday, but today returned in force to produce [Read more…]

Good evening StockBandits!

The dip-buyers showed up early today to lift the indexes back into positive territory [Read more…]

Good evening StockBandits!

The NAZ was the only major index to post a decline last week, although [Read more…]