Author name: mome2143

Pre-Market Update: The bulls registered back-to-back wins for the first time this month following Wednesday’s surge past resistance. The slicking-talking pros were betting against the financial stocks coming into first-quarter earnings season, but I had a more favorable view. The group has let the market down in the past, but the two-day rally has been a relief following a tight trading range.

Pre-Market Update: Like a broken record, the bulls made another run at the market’s major resistance levels on Tuesday, but they fell shy of clearing those hurdles. The repeat process looked a little brighter yesterday, however, as the financial stocks led the rally alongside a continued rebound in metals.

Pre-Market Update: The bulls tried to rebound on Monday following last week’s losses, as they made another push at resistance. However, the bears held court to keep the market’s mini trading range intact, and first-quarter earnings season is now underway.

Pre-Market Update: Last week was a rocky, choppy one for the market, which was to be expected ahead of the start of first-quarter earnings season. I mentioned last week that there could be a tight trading range with some downside weakness, but the good news is that the market’s backup support levels held.

Pre-Market Update: The bears continued their push towards lower lows on Thursday, as they kept the bulls underwater throughout the session. Volatility also exploded to levels not seen since mid-March, but the VIX held resistance. Today’s session could go a long way in determining how next week’s action might play out as earnings season begins.

Pre-Market Update: Following some early-morning weakness on Wednesday, the bulls snapped themselves out of a two-day funk to push the market’s prior resistance levels. However, the bears’ stalled attempt at pushing support has kept a tight trading range in play that could continue into earnings season, which starts next week.

Pre-Market Update: The bears have been challenging the first layers of support this week, and they continued their assault on the market’s key technical levels on Tuesday. Volatility also spiked, which was a warning sign, but the VIX hasn’t given the red light to start loading up on bearish positions.

Pre-Market Update: The bears snapped a four-session Monday slide with yesterday’s win and backtest to support. The bulls made a little noise on the open, but they struggled to get back to even for the remainder of the day.

Pre-Market Update: The bulls ended March with their biggest win since last October, as the market rallied throughout the month following its stay in a tight trading range. Friday’s no-joke unemployment numbers were a relief to Wall Street, and the start of April showed additional follow-through.

Pre-Market Update: The bears made an appearance at the start of Thursday’s session and basically finished it off as well, as the bulls withdrew into the close. The major indices did push higher highs before fading, although volatility rose ahead of the release of this morning’s jobs numbers.

Pre-Market Update: The bulls made a “follow-through” statement on Wednesday as they pushed towards the market’s upper resistance levels. The bears made a dent in the gains, and the major indices finished off of their intraday highs, but they are now dealing with fresh support and higher highs.

Pre-Market Update: Fed Chair Janet Yellen used just the right words to please both Wall Street and Main Street, as the broad market closed at its highest level of the year on Tuesday. The trading range that lasted for about a week felt like an eternity to some traders, especially in today’s fast-paced world. However, this morning’s headline sums up exactly what we have been doing while we build out our next batch of winning trades.

Pre-Market Update: It wasn’t pretty, but the bulls successfully registered their fourth-straight Monday win as the blue-chips closed higher. Tech slacked, but the other major indices tackled positive territory following a scrum that lasted for much of the session. The bears got a small victory of their own, as volatility closed above a key level of resistance.

Pre-Market Update: The bulls rebounded to get the overall win last Thursday following a final-hour push into positive territory. The bears still got the weekly win, which snapped a five-week slide, and they appear to have a little more momentum, as the S&P 500 closed lower. Volatility spiked to its highest level in nearly two weeks, but it still stayed below key resistance levels.

Pre-Market Update: The bears got aggressive into Wednesday’s close, as the major indices tested fresh lows for the week. Near-term support was violated, but backup help is waiting in the wings. The bulls still have a shot at winning the week, however, as the trading day ahead of Good Friday has been extremely bullish in recent years.

Pre-Market Update: The market showed bullish strength on Tuesday despite the nervousness and ongoing chaos in the geopolitical environment. Politics here in the United States are also in play following another battle over presidential delegates. First-quarter earnings will also add fuel to the fire in a couple of weeks, and major resistance or support levels could come into play.

Pre-Market Update: The blue-chips got their third-straight Monday win yesterday, although the action was far from exciting. In any event, it was another bullish sign, as it shows that money is still moving into the market. Tech cleared a major psychological level as volatility stayed relaxed. And, while the small-caps slacked, they held support in an overall lackluster session.

Pre-Market Update: The bulls continued their run to higher highs as they registered their fifth-straight week of gains. On the other hand, even with the broader market now in positive territory for the year, the talking heads continue to doubt the rally instead of embracing it.

Pre-Market Update: The bulls showed their muscle as Wall Street opened its coffers to buy stocks on St. Patrick’s Day. The Dow’s return to green for 2016 was a bullish sign, although the small-caps and tech slacked. Both indices still closed higher, as did the S&P 500, but they have a little more work to do before they can reclaim positive territory for the year.

Pre-Market Update: The Federal Reserve left interest rates unchanged on Wednesday, and Fed officials made sure they pleased Wall Street with their rhetoric. The news pushed the market to fresh session highs, as the bullish clues that were left ahead of the announcement played out as planned. More importantly, the VIX closed below 15 for the first time this year.

Pre-Market Update: The bears snapped a five session losing streak on Tuesday, but the bulls were able to hold near-term support. Considering the gains over the past three weeks, a pullback was nearly a given, but higher highs could still be in store. One concern, however, is volatility, which is starting to percolate.

Pre-Market Update: The market action on Monday left Wall Street doubting the current rally again, as the major indices finished with mixed results. Meanwhile, the VIX stayed elevated and the bulls held down resistance.

Pre-Market Update: The bulls pulled a rabbit out of their hat following Friday’s rally past resistance, as the bears were stifled for the fourth-straight week. The surge off of the mid-February lows continues to play out according to plan, with the run to new highs coming on fresh legs.

Pre-Market Update: The bulls made an opening run towards resistance on Thursday, but they struggled for the rest of the session to get back their lost gains. Volatility made the bears look good, as the opening rally started to fizzle after the first 30 minutes of trading. Despite the choppy action, the current rebound off of the mid-February lows remains intact, providing support holds today, and a possible close back above key resistance levels would look bullish for next week.

Pre-Market Update: The bulls held positive territory into Wednesday’s close, with tech leading the way higher. However, the push towards resistance stalled as Wall Street waited for news on interest rates from overseas.

Pre-Market Update: The bears snapped a five session losing streak on Tuesday, but the bulls were able to hold near-term support. Considering the gains over the past three weeks, a pullback was nearly a given, but higher highs could still be in store. One concern, however, is volatility, which is starting to percolate.

Pre-Market Update: The market was slightly weak at Monday’s open, as futures were showing a pullback throughout the night. The good news was that a rebound ensued, and this type of pattern has played out for a few weeks now. During the market pullback from January to mid-February, futures often pointed towards a higher open before the bulls eventually gave back their gains following the opening hour of trading.

Pre-Market Update: The bulls wrapped up a solid week on Friday as March got off to a strong start, and the major indices have either cleared or are challenging key psychological levels that could lead to further strength. The major moving averages are also being challenging, and volatility has dropped to its lowest levels of the year. The “V-shaped” rally has also cut 2016’s losses in half, which has Wall Street wondering if the rebound has come too far too fast.

Pre-Market Update:The bulls were on the mat for much of Thursday’s action but were saved by the small-caps and the Financial stocks ahead of the closing bell. The bears are trying to hold a rising tide of support but are facing a possible high tide that could put them away for a few more weeks.