Daily Watch List Update
MARKET NOTE: Dear Members: The bulls showed once again yesterday that they have no interest in turning momentum over to the bears. Right on cue buyers picked up long positions exactly at the 20 day moving average on the S&P with all of the major…
MARKET NOTE: Dear Members: Back in September of last year the S&P was struggling to stay above its 20 day moving average. It remained quite weak until the election when it perked up. Ever since then it has managed to remain above its 20 day as…
MARKET NOTE: Dear Members: When the major indexes hit their respective all time highs on March 1 they were all in extreme overbought territory. This included the Dow which matched a record for consecutive days higher in a row, so rare that even the…