Yesterday morning the market started off with a sharp selloff but ended up holding support and then turned back around. The S&P cash and futures held a retest of their 150 day smooth and 50 day moving averages, that is short term bullish action. I think that as long as the S&P cash and futures [...]

The momentum continues to shift from bullish to bearish, but without a true market leader and definitive trend. With only about a week remaining in the year I think that we could continue to see the bulls and the bears fight it out with low volume and high volatility. As of right now the bulls [...]

The Holidays are upon us but there is no Holiday cheer between the bulls and the bears….they continue to fight it out for control of this market. Yesterday was big day for the bears with the Nasdaq futures closing back in negative territory for the year and below their…..

Back and forth we go….The bulls and the bears continue to battle it out for control of this trade. Overnight the Nasdaq futures came within 1.25 of unchanged for the year and then rallied 30.00. I think that the bulls are protecting unchanged for the year in the Nasdaq. As long as the Nasdaq can [...]

The bulls and the bears continue to fight it out and at this moment there is still no winner. The Nasdaq futures remain in positive territory for the year and above their 150 day smooth moving average. The Nasdaq has been trying for months to lead the rest of the market higher but they have [...]

The market continues to selloff and the bears seem to be taking control, but the bulls have not yet lost the war. Yesterday the Nasdaq futures came just short of testing their 150 day smooth moving average and unchanged for the year and then they popped. As long as the Nasdaq can sustain trade above [...]

The bears continue to press the bulls and the bulls continue to push back. The Nasdaq futures are currently trading below their 200 day moving average. That is important because the bulls have been leaning on the Nasdaq for upside leadership and now the Nasdaq is starting to break down. If the Nasdaq remains below [...]

Yesterday the bears got very close to putting some real pressure on the bulls. The Nasdaq futures were trading below their 200 day moving average and they looked like they were breaking out to the down side but ended up rallying into the close and closed back above their ……..

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The bulls and the bears continue to battle it out in the same range that we have been in since the end of October.  Besides the blip down that we had at the end of November the market is flat out stuck in this area.  The headlines have been pushing the market around to one [...]