February 27, 2012 in PivotBoss Report
I wrote an article earlier this year that predicted the S&P 500 Index could be headed to 1,550 in the upcoming six to nine months. After a blistering start to the year, the S&P 500 has charged steadily higher and is now testing the critical 1,370 level, which we’ll want to keep a close eye on in the days ahead.
January 23, 2012 in PivotBoss Report
The S&P 400 Index ($MID) is holding above a long term resistance level for the first time in nearly six months, which could pave the way for more strength ahead. Today’s intraday price action could introduce a nice surprise, as well. Here’s why…
January 20, 2012 in PivotBoss Report
Now that the Dow has finally gotten a solid breakout from the 2-week trading range that we’ve been following, we’re likely to see more price discovery above. Here’s the target to watch for.
January 18, 2012 in PivotBoss Report
The Russell 2000 Index ($RUT) tested the all-important fulcrum yesterday and was swiftly rejected. The market is clearly dipping its toe in the water and is now gearing up for the next key move in this index. These are the levels to watch.
January 15, 2012 in PivotBoss Report
The Dow Jones Industrial Average ($DJI) has traded within a relatively meager 200-point range throughout much of the first two weeks of 2012. However, this small range could spark the next major breakout opportunity ahead. Here are the key levels to watch this week..