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We may need a little more information to know the short term direction in various sectors, since the markets all seem to currently be somewhere on Middle Ground. Lets take a look at a few charts and you'll see what I mean.
This was the NASDAQ March 3rd - 1st target met - a possible pullback to test the break out or 50sma
This was the NASDAQ Friday ...
Read MoreI dont always do a Friday report if not much has changed since Thursdays report, but with the release of the jobs number , I did want to cover one thing...
Read MoreSometimes people can look at the same thing and see something different than someone else. That is understandable , since we all have different experience in life and different ways of looking at things. When looking at charts , experience and training your eyes to look for certain things can be helpful in seeing what others may not. So is the above picture just a random pile of dots? Or is it a runner in action? The answer may depend on your focus or how closely you look at it. Lets look at some charts...
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SPX- the markets have been resisting the pullback. I posted this yesterday
Is there anything noteworthy in todays chart of the SPX?...
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