Mid Day Chart 5-23-2014

Mack

The bias is still up, and this is a Friday going into a long holiday weekend, so it could end up as a range day, but for now there is still an...

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Mid Day Chart 5-22-2014

Mack

This is an obvious range day for now.  Understand that we are approaching a century level, which is 1900.00 on the charts, but also these prices are very close to all time...

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Mid Day Chart 5-21-2014

Mack

First of all, this is an FOMC announcement day, so make sure you make note of that and it releases at 1 PM CST, so the market will likely be very volatile...

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Mid Day Chart 5-20-2014

Mack

The opening trend to the downside seems to have reversed for now anyway.  It appears that the larger upward trend channel is holding, but we need a little more price action to...

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Mid Day Chart 5-19-2014

Mack

We had a trend channel working higher, and now a close outside that channel.  Prices are trying to make a retest of the high at this point, so we will see what...

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Mid Day Post 5-16-2014

Mack

I know that a lot of you struggle with range type days, but I love these days.  They are so predictable.  Obviously they are not so fun when the range is a...

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Mid Day Post 5-15-2014

Mack

No need to wait any longer to determine that today is a down trend day and a strong one so far.  This could change at any moment, so be careful going short...

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Mid Day Post 5-14-2014

Mack

We started off with a down trending channel, but it’s looking a lot like a possible range now.  Unless we start working higher from here, the bias is still down for now. ...

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Mid Day Post 5-13-2014

Mack

Today is a range day, although there was a slight upward bias left over from yesterday’s rally.  I see a two-legged channel to the upside within the range, but that trend line...

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Mid Day Chart 5-12-2014

Mack

We have been trending upwards all night and into the opening.  I see a break of the trend line now, but no new high just yet.  We could reverse from here, or...

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