Today’s market rally based on news that the Iran conflict may end soon, is the best one day move since May of last year. Typically when we are in a market correction, any bounce may get sold as part of the bottom testing that has to happen before a recovery […]

The DJIA was  down just over 1000 points about 45 minutes into the trading day, but then completely reversed to close up 239. All major indicis completed a major intra-day reversal even before the quote that the Iran conflict was close to being finished. The Nasdaq100 bounced off the last […]

We have witnessed the typical V-Bottom that often occurs when the market capitulates and makes an emotional bottom. The recovery has been swift with the NASDAQ100 (NDX) up over 28% in just five weeks since the April 7th low. We have described the market correction as really two. The market […]

After the intraday low on April 7th at S&P500 4835, we are starting to see a healthier technical pattern develop, though we may not be out of the woods yet. We rallied back to about 5480 or 13.5% off the bottom. After a second attempt at 5480, we set a […]