The trend remains up as last week we saw new highs hit before some consolidation to round out the week.  The indexes have proven resilient, even with some leadership stocks taking hits.  That points to some decent rotation taking place, and reminds us that until the technicals change, there’s no reason to fade the rally. Here [...]

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TSBTV#153 - Market View 12-19-2010

The market pushed steadily higher last week to finish at new 52-week highs, keeping the uptrend intact and putting some key levels from November in the rearview mirror. The buyers continue to exude confidence, and they’re displaying it in multiple ways as they step in to buy dips and keep putting cash to work on strength.  [...]

TSBTV#152 - Market View 12-12-2010

The market pushed steadily higher last week to finish at new recovery highs, keeping the uptrend intact and challenging some key levels from the spring. Will those resistance zones slow the pace of this advance, or will the bulls simply shrug and continue to power ahead?  Time will tell, but we’re certainly at an interesting spot. Here [...]

TSBTV#151 - Market View 10-17-2010

The market uptrends continued last week as the indexes pushed through to new recovery highs.  Although the technicals give no reason for worry at this point, some overhead is coming into view rather quickly that the bulls will have to contend with. Here in Episode 150, we’ll examine the NAZ, S&P 500, and DJIA and discuss [...]

TSBTV#150 - Market View 10-10-2010

Leadership stocks are suddenly getting pounded, which is a far cry from the buy-all-dips mentality which made them leaders to begin with. Will this impact how the overall market moves in the days ahead?  Only time will tell, but it may be a signal to exercise some caution here until the picture becomes a bit more [...]

TSBTV#149 - Leadership Weakens 10-6-2010

The market put in some well-deserved rest last week, holding nicely above former resistance and carving out some short-term resistance as well.  We’re range-bound at the moment, but in a momentum-based market, that’s not likely to last for long. Here in Episode 148, we’ll examine the NAZ, S&P 500, and DJIA and discuss some important levels [...]

TSBTV#148 - Market View 10-3-2010

The market continues to run hot with new recovery highs being made just last week.  With intermediate-term higher highs and higher lows now firmly in place, the bulls have plenty of reasons to be confident. At the same time, some rest would sure be healthy for this market.  At some point that will arrive, but for [...]

TSBTV#147 - Market View 9-26-2010

Following a test of some key support zones, the market vaulted higher last week and now is facing resistance.  A rest may be needed in the short term, but the bigger picture is starting to show some potential. Here in Episode 146, we’ll examine the NAZ, S&P 500, and DJIA and discuss some important levels to [...]

TSBTV#146 - Market View 9-6-2010

The market dipped further last week, but was able to hold some important support zones in the process.  It’s too early to tell for sure if the bounce we saw on Friday will have legs or not, but the indexes are facing key levels and that spells potential for a pivotal move in the week [...]

TSBTV#145 - Market View 8-29-2010

Traders generally love to apply indicators to their charts, but often times they’re using them incorrectly and would be better off without them cluttering the chart window! I personally prefer to trade with my charts nice and clean, but occasionally I’ll apply an indicator to help clarify what price is already showing me. Here in Episode 144, [...]

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