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  • NDX update

    NDX does a perfect early morning test of 61.8% November (1243.68, low was 1244.89) and bulls manage a fourth positive day. Many traders have been betting on a repeat of January 2008, they are being trapped, at least for now. Also note on the chart the old...
  • Live Monitor

    The live monitor is ready, with a 7 day free trial. Go to subscribe and enter your information. We're looking forward to having you on board and making this a great year for all. ...
  • Weekend update

    It's time to pull out the big chart, DOW monthly since 1982. Since 50% of those 25 years was support last month (7484), it will come as no suprise that Friday's high was within 3 points of 38.2% at 9068.56 (high was 9065.28). Monday's session will have mu...
  • Closing session

    It's a big day for bulls, we got a cue early on with the copper bid. Even financials are green. NQ 1247 and ES 920 are now support. ...
  • PM update

    ES confirms the breakout above 905.50 and moves up to 920 resistance, November 10th close. NQ is right at its 61.8% November (1247.25) and December resistance. Internals are now solidly bullish. Bonds are selling, TNX is at 2.3%. The one concern is XLF, s...
  • Morning update

    Confluence overnight highs and weekly R1 for NQ (1218/1220) is an area to watch. Overnight support held so far. Internals are modestly bullish. Trouble starts below 1210. Copper has a strong bid, a positive sign. update 10:34: ES is above 905.50 as inter...
  • Pre-open

    NQ low is 1204, right above the key 1203.50 level. Bond bid, oil is down, but JPY is down as well. ISM at 10....
  • Life above the 50 dma?

    SPX, DOW, COMP, NDX , RUT closed 2008 above their respective 50 day moving averages. If the majors can hold this important miletsone, we should retrace November, the target for the current rally off  2008 lows. November highs are as follows: SPX 1007....
  • Close

    Futures drop right after the cash close, pushing ES below 900, after pretty much hitting a wall in the 905.50 area. update: ES settles right at 900. The VIX likes round numbers as well, closing at 40.   Happy new year everyone, stay safe....
  • PM update

    The rally picks up steam, watch ES 905.50 resistance, 61.8% November. Sentiment has dropped to less optimistic levels, we get a better squeeze. There is definite rotation out of bonds, with yields on TNX climbing 4.5% to 2.25. Even oil has joined th...
  • Morning update

    Quiet follow-through session with NQ and ES both trading above their respective 50 dma's, now support ( 1208.75 and 896). Oil and bonds are off. NQ resistance is 1218/1221.50....
  • Tuesday wrap

    Bulls manage an SPX close above the 50 dma for the first time in eight days after alleviating the recent overbought conditions. The COMP and NDX however are still finding resistance there. The NQ high was 1208, just shy of 1211 mentioned earlier. The posi...
  • PM update

    The bump to NQ 1203.50 got sold, now we are testing 1193.75 support. Internals are still bullish, but some stocks, like AAPL, are losing steam. VIX found fib support at weekly 23.6% (42.87, low was 42.92)....
  • Morning update

    We have a morning bid, watch NQ 1193.50, current 20 dma resistance. Techs are getting some year-end interest, SMH up 2.72%. Commodities and bonds are negative. Yields on the ten year note have been trying to put a bottom at 2% and so far that seems to be ...
  • Monday wrap

    NQ makes a higher high, a lower low, but bulls step in right around critical 1159 support (low was 1156.25) and push up to 1175.50 the final half-hour. The low for the day was right when the VIX hit weekly R1: computers are running the show, w...
  • Noon update

    NQ hits 1161.25, just above 1160 38.2% November support. As we bounce, watch pullbacks to 1164 that need to hold. We are now in the bottom area of the range for the past two weeks. VIX weekly R1 is at 46.15 if we lose morning lows. Sentiment is still far ...
  • Open

    Bears take over, watch NQ 1171.50 support if we fall below 1181. VIX resistance is at 44.93. ISE equity at 274, extreme optimism. update 10:20: headed for 1164, weekly S1 (see wekend wrap), as we lose 1171.50. Must hold below that is 1159/1160....
  • Overnight session

    NQ/ES 20 dma gets sold. Oil is up, but on conflict news. Gold is the session winner, with the February contract now at 890. Bonds and JPY are off. No US economic news releases for Monday....
  • Weekend wrap

    Of the majors, only the COMP (Nasdaq) and RUT (small caps) are still trading above their 20 day moving averages. However, resistance at the 50 day moving average is unanimous. NQ (Nasdaq 100 futures), has been wandering around in a tight range since Tuesd...
  • Morning update

    The day is mildly bullish, but with both ES and NQ trading below their 20 dma's, bulls are playing defense. Oil is up, lending some support, but bonds still find takers. There will be better trades on Monday when some volume comes back. Watch COMP 1523, s...