by Tom Alexander | Mar 17, 2023 | Uncategorized
Bottom Line : Momentum turned sharply from potentially bullish at the end of one week ago to unequivocally bearish beginning last Monday. The weakness was seen in all four US primary trading indices. We are at critical levels in the...
by Tom Alexander | Mar 17, 2023 | Uncategorized
Bottom Line : The indices had two strong momentum days Thursday and Friday. Probabilities are on the side of generally higher prices at least near-term. Daily KRAs: SPX The area near 4000 should hold under any immediate bullish assumption. The...
by Tom Alexander | Mar 17, 2023 | Uncategorized
The primary US trading indices are in another mind-numbing narrow range Balance Area, similar to what we experienced in late January into the early part of the New Year. The ultimate result will be the same – a sharp break...
by Tom Alexander | Feb 26, 2023 | Uncategorized
Bottom line for this week: The short-term critical upside level is more well-defined as of Friday’s close as are downside levels. Closes by all four of the primary US indices above Thursday’s highs may signal an important low is in...
by Tom Alexander | Feb 19, 2023 | Uncategorized
Bottom line for this week: The trade activity among the four US primary reading indices is as disparate as I can recall. There seems to be a macro “fight for the ages” in major institutions attempting to interpret and act...
by Tom Alexander | Feb 17, 2023 | Uncategorized
Bottom line for this week: The current rate of change to the upside is unsustainable and will not continue. The indices are likely to be near at least a short-term top and possibly on the verge of the deepest retracement...
