Logical Market Update: Friday is Futures & Options Expiration – Equity Update
Friday is Futures & Options Expiration – Equity Update – GOOG & MSFT Disappoint & Slide 5% Media headlines are becoming more humorous as reporter’s grapple to find a reason for the markets continued rise. One very popular financial site ran a banner “Breaking News” headline: Detroit Has Filed for Chapter 9 Bankruptcy Protection right […]
Continue readingLogical Market Update | Where Did the Sellers Go? Just Another day in Chop City!
Where Did the Sellers Go? Just Another day in Chop City! Thursday began exactly as expected. The broader indexes headed lower and appeared to be on the way to taking the bulls to the woodshed. But as is so often the case once some of the “smoke” cleared and it appeared that most of the […]
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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