A Buying Opp in the $DJI?
Every pull-back in the $DJI has been a major buying opportunity during the current two-month rally. Given yesterday’s decline, we could see another round of strength enter the market soon.
A Quick Look at the $DJI
The Dow Jones Industrial Average ($DJI) has been extremely bullish over the last two months of trading, rallying 1,200 points during this time. While the index is sitting below short term resistance, price may need to test the year’s high at 11,258 before another significant move is seen.
Back in the Saddle
I’m back from Spain! It was a fantastic trip, but I’m ready to jump back into the saddle. Here are my quick thoughts on what I see in the S&P 500..
A Quick Siesta
I’ll be out of the market the next two weeks and will return to duty on Oct. 18th. Therefore, I will not be updating the site during this time. In the mean time…
A Weekly Outlook for the $SPX
The S&P 500 Index ($SPX) has been trending steadily higher since 1,040, rallying over 100 points in the last four weeks. However, price is beginning to show signs of weakness, which could lead to a near-term retracement soon. Here’s my outlook for the week..