Your Daily SPX & NDX 60 min. Micro-Management Post

SPX is encumbered by its constituency, which includes some pretty rough looking sectors and so it follows that is relatively weak compared to big Tech, which the media had all but declared dead last week. Silly media. SPX lurks at resistance so no breakout and no pattern activation. NDX got through resistance and so the pattern is activated. But… these are 60 minute day trader/momo … Continue reading Your Daily SPX & NDX 60 min. Micro-Management Post

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NFTRH+; Update on Feb. 28 Biotech Stock Highlight

DVAX was originally highlighted for its interesting chart setup (we linked some info on the company’s fundamental situation as well) and today I’d like to update the chart, which is no longer in a setup, but nearing a breakout above resistance with good looking lower panel indicators across the board. The original update did not have a target except to note that if successful, we’d … Continue reading NFTRH+; Update on Feb. 28 Biotech Stock Highlight

Short-term Stock/Yield Correlation Continues

Remember not long ago when stock investors were encouraged by the media to fear rising long-term interest rates? Remember how we said that stocks would likely rise along with rates until the limiters were reached on the Continuum ™? Remember how we even gave the process a cute metaphor known as Amigo #2? Stocks rose with the yields and they have turned down with the … Continue reading Short-term Stock/Yield Correlation Continues