Logical Market Update | The Markets Appear “Heavy” and That Might Pull Them Lower
The Markets Continue to Appear “Heavy” and That Might Pull Them Lower There isn’t much to add to what I have been presenting this week. The markets remain overbought. The buying continues under thin volumes. Any downside action has been limited and quickly covered quickly. Traders are not willing to get caught short which suggests […]
Continue readingLogical Market Update | Markets Continue to Inch Higher on Low Volumes | LinkedIn Surpasses Expectations
Spurred on by LinkedIn’s Stellar Earnings Report the Markets Continue to Inch Higher on Low Volumes Friday’s trading action again left many on the sidelines wondering what to do. Yours truly included. If it wasn’t for the Japanese Yen (plug this one into the DTS system for some great trading!) I would have been mumbling […]
Continue readingMarket Update | Choppy Trade Leaves Traders on the Sidelines and the Markets Still Overbought
Wednesday’s market action was choppy at best. Again, the bulls are not willing to give much here believing that any downside is a gift to get long or longer! Unfortunately, this does nothing to change the near term picture. Technically, the markets and most equities are still at extreme overbought levels. With volatility remaining very […]
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