Category: Mid Day Charts
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The market is trending lower this morning, although I do see a convincing break of the trend line at this point. A retest of the lows is likely, but we could see...
Today is roll over day, so go ahead and roll to June if you haven’t already done so. Prices are attempting to rally today but have gone somewhat sideways over the past...
Prices rallied overnight and into the early morning, right up until the consumer sentiment reports came out at 9 AM CST, when they suddenly turned lower and more mixed. The rally left...
The market remains very oversold, but so far, it only looks as if we are seeing more consolidation, which means possible acceptance of prices at this level. We need to see some...
It appeared as if prices were finally going to rally a bit this morning, only to turn lower again after the CPI news came out at 7:30 AM CST. That news sent...
Prices appear to be in both a range and a larger down channel at the same time for now. One of these patterns will win out at some point, so it is...
Prices continue to trend lower this morning. There are no major news items today, so nothing to create any sudden surprises. That does not mean that the market will not still surprise...
Today looks to be mixed with a bearish tone so far. The unemployment news this morning set off some temporary fireworks, but prices took it all back plus some in only minutes....
Today is more of the same. Early selling that finds a bottom and then rallies. Prices continue to be extremely oversold. It is time for a rally, but prices struggle to hold...
Prices are mixed and choppy so far, but there still seems to be more of a bias to the downside than to the up. I would call this a range for now,...