Dear Members: MARKET NOTE: In yesterday's update I pointed to the fact that all of the major indexes were hanging by a technical thread. Today we're seeing that play out some with both the Dow and S&P back below their respective 20 day moving…
Dear Members: MARKET NOTE: You can see why it is so tricky to get aggressively long or short these days. As I write this update the S&P is hugging its 20 day moving average as it keeps everyone in suspense. It's not moving higher but it's not moving…
Dear Members: MARKET NOTE: Friday was one of those days that can heap frustration upon traders. After Fed Chairwoman Janet Yellen's remarks at Jackson Hole were released the market responded positively. Shortly thereafter Fed Vice Chair Stanley…