Category: Mid Day Charts
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It looks like there is some short covering going on this morning as prices are rallying. Short covering can often keep the rally extending for the day as people exit and take...
What looked like it might be mixed trading has turned into a down trend as of this post. The daily chart looks like a downward reversal bar at this point in time,...
While there is a very bearish tone hanging over the market, prices have been rallying for the past hour. With over a 100 point drop this morning in less than an hour,...
Today looks like another range type day. I would expect mixed trading and more volatility, just as we have seen in the past few days. Prices continue to be very oversold, so...
Today looks almost identical to yesterday’s chart and price action at this same time of day. Most likely the day will play out very similarly, but just be aware that sometimes the...
The trend and bias are currently down, although prices are still trading inside the overnight highs and lows, so it is possible this could still end up as a range day. Respect...
The trend and bias are down this morning and strongly after the jobs report came out. With lowering unemployment numbers, the market is now concerned that the Fed still has more room...
So far there has been mixed trading again today and it looks like it could be another range type day. Prices appear to be trying to make a measured move lower, which...
The selling is back and back strongly this morning. It looks like a spike and channel down, and while I am confident in the current trendline, I am somewhat guesstimating the other...
We are seeing follow through buying today in a big way. Prices have already rallied almost back to the midline on the daily chart, so the oversold conditions are no longer so...