My Thoughts on the Market

The market ended the week on a positive, but failed to hold the highs of the day. Near term support sits at the 7630 level. The 2-hour chart below does a good job of showing… 

The two hour chart does a good job of showing the market stuck in a range for the last month. The last few times the market has done this, it normally does not last more… 

September is historically the weakest time of year for the market. That does not mean it will be weak this year. Although, it is quite possible it will start that way. Bearish divergences are showing… 

The market pulled back most of last week, but ended with a modest gain. It has been trading in a range the last couple weeks deciding what it wants to do. Normally, I would assume… 

It is nice to be able to do more trading now that the move is done. It took way longer than I thought it was going to. The market is entering a historically weak period… 

So far, July has not been very bullish. We have been stuck in a range for over a month and the market has not decided which direction to go. The NHNL is neutral and the… 

Over the last 20 years, July is the best trading month of the year. There is no reason that won’t hold again this year. After July, the market normally has a couple questionable months and… 

The market is normally bullish around the 4th holiday. I don’t expect this year to be any different. It is similar to the Christmas rally. Lower volume and less resistance to move higher. Still packing… 

I have not had much time to trade and probably won’t until August when the move is over. Just paying attention to what is going on and trying not to make a hasty trade. The… 

Interesting market. It pulled back the last couple weeks and appears to be ready to move upward by the end of last week. I am still extremely cautious given how over valued the market is…