Pre-Market Update: The market was choppy throughout last week as Wall Street dealt with post-Brexit woes and Friday’s nonfarm payrolls report. Tech and the small-caps showed strength going into the end of the week, however, and that was a good clue that a continued rally would take place.

Pre-Market Update: The bulls will be looking to get their second-straight Friday win today following this morning’s nonfarm payrolls report. Thursday’s results were mixed, as was the action for the week. While the bears are winning on some fronts, a solid session today would give the bulls the overall weekly win.

Pre-Market Update: The bears tried to extend their winning streak to two-straight sessions, but they ran out of gas mid-day. On the other hand, the bulls pushed and cleared resistance into the close, with volatility falling below 15 again.

Pre-Market Update: The market was weak throughout Tuesday’s session as a result of lower oil prices and concern about the Italian banks, according to the talking heads. The technical picture looked more promising, however, as support levels held before the rebound off of the lows into the close.

Pre-Market Update: The bears tried their best to cause wide-spread panic on Wall Street last Monday, but a quick “double bottom” that went unnoticed by the suits-and-ties was made in the process. The rest of the week was controlled by the bulls, as the indices made average daily moves of 2% before relaxing on Friday ahead of the three-day weekend. With the first half of the 2016 action behind us, the next six months promise to be just as exciting, with continued whipsaw action and explosive volatility.

Pre-Market Update: The bulls have now recovered roughly 80% of the Brexit losses, and they will be looking to get back to even ahead of the upcoming July 4 U.S. market holiday. The bears are looking to get back into the game as well following three days of heavy losses for their side, and today’s close will likely set up the action heading into next week.

Pre-Market Update: The bulls won their second-straight session in spectacular fashion yesterday to position themselves for what could be a positive June. The Dow and S&P need to generate gains of roughly 1% today to ruin the bears’ spirits, while Tech and the small-caps need to make up 2%. Traders will be jockeying for position today ahead of the monthly and quarterly close, so the action should remain elevated on the last trading day of June.

Pre-Market Update: While Tuesday’s relief rally looked promising, it is too early to tell if Monday was “the” temporary bottom from the Brexit woes, as one day doesn’t make a trend. However, the oversold bounce cleared resistance, and volatility plummeted 21%. One famous talking head said yesterday that the VIX doesn’t tell investors anything, but the suits-and-ties certainly don’t know how to trade volatility.

Pre-Market Update: While the market exhibited both bullish and bearish clues during Monday’s continued pullback, the losses incurred over the last two trading days have made for the worst two-day decline since last August. However, the mini “selloff” has been orderly by most standards. Surprisingly, volatility was lower yesterday, but I mentioned in Monday’s Pre-Market Update that a quick recovery could be in store based on this year’s past performance.

Pre-Market Update: The bulls started last week off with a strong performance that pushed the market’s upper resistance levels and tried to establish fresh support, but the bears took advantage of the sketchy Fed-speak on Tuesday and Wednesday to keep the two-month trading ranges intact. This was expected, as the Brexit vote was also an overhang going into Thursday. However, what wasn’t expected was a push past resistance ahead of the news.

Pre-Market Update: The market stayed strong from the start of trading into the closing bell on Thursday as Wall Street took early bets on a “positive” outcome from the Brexit vote. There weren’t many bearish bets being made that Britain would leave the European Union ahead of yesterday’s vote, although I mentioned that there could be a sell-the-news event afterwards. The good news is that the Brexit wait is over, and today’s action will most likely influence next week and possibly July.

Pre-Market Update: The bulls tried to extend their winning streak to three-straight sessions yesterday, but they fell shy of doing so following the weakness that arose during the final hours of trading. The nervousness was to be expected, however, with the results of the Brexit vote pending ahead of today’s action.

Pre-Market Update: Despite continued “Brexit” worries and concerns relayed by Fed Chair Janet Yellen, the bulls held their momentum for most of Tuesday’s session to get the overall market win. Although some damage was done to the small-caps, the bears failed to gain any traction against rising support.

Pre-Market Update: Wall Street woke up in a good mood on Monday following the overseas market action, and the rebound rally held into the close. Although the indices finished well off of their highs, key resistance levels were tested. The bears aren’t likely to go away quietly during of a week packed full of market-moving events, but they did lose some of their momentum.

Pre-Market Update: The bears wrapped up a volatile week of trading with Friday’s market pullback to get the weekly win. The bulls were caught backpedaling throughout last week as lower lows came into play, and this week promises more of the same volatility, with Fed news here in the United States and the “Brexit” vote overseas.

Pre-Market Update: The bears pushed lower lows on Thursday, but the bulls refused to go away quietly. While the market did manage to make a trip into positive territory following the nasty open, the highs were lower than those that were made during Wednesday’s session. Lower lows and lower highs are usually bearish signals, but bullish clues are still in the mix as well.

Pre-Market Update: To no surprise, the Federal Open Market Committee (FOMC) held interest rates steady without an increase on Wednesday. Coming into 2016, Wall Street was factoring in up to three or four more rate hikes for 2016, but I have mentioned all year that the financial stocks would be lucky if they got just one.

Pre-Market Update: The Doobie Brothers are still touring, and they are coming to my home state in early July. Given the recent trading range, I feel that this morning’s headline — also the title of one of their albums — is appropriate, and it fits my mood this week. Watching the computer and looking at hundreds of charts has been a tedious task, but I see some big paydays in the weeks ahead.

Pre-Market Update: The bulls weathered Monday’s storm, but their home base at higher highs is being threatened once again. I mentioned that yesterday’s opening hour would be an interesting test for the bulls, and they did not fail to impress.

Pre-Market Update: The three-week winning streak for the bulls ended last Wednesday as the bears pushed the market’s backup support levels. “Brexit” concerns, oil and the financial stocks were the main culprits that were blamed for the pullback — at least, that’s what the talking heads were saying.

Pre-Market Update: Thursday’s pullback represented a tug-of-war between the bulls and bears that left slight hints about how today’s action might play out. I don’t expect a breakout or breakdown from the mini trading ranges that are forming until maybe next week. However, today’s action could provide pivotal clues as to how we should prepare for new trades over the next few weeks.

Pre-Market Update: The bulls showed some follow-through on Wednesday and pushed key resistance levels in their bid to return to all-time highs. The bears are still lingering, but they seem reluctant to engage. I’m still expecting a strong surge towards the market’s upper resistance levels, and that could come this week or next.

Pre-Market Update: The bulls pushed higher highs on Tuesday, but the lag in tech spoiled the session, as most of the overall gains were lost into the closing bell. Volatility was calm until the final hour of trading, with the bears pushing resistance. The mixed action still looked bullish, but, as always, I’m watching the warning signs.

Pre-Market Update: The slick-talking pros spent some time debating why the market surged on Monday, with roughly half of them saying that the dovish comments by Fed Chair Janet Yellen were bullish for the market. Anticipation is building for the June Fed meeting that may or may not result in an interest-rate hike, but Yellen instead reiterated that gradual rate hikes are likely appropriate. The other half of the suits-and-ties were citing the spike in oil for the rally past resistance.

Pre-Market Update: The bears pushed lower lows almost every morning throughout last week, but the bulls powered back each afternoon to test higher highs, excluding Friday’s session. The Dow fell 66 points, while the S&P 500 eked out a slim gain. The Nasdaq added 9 points, and the Russell 2000 jumped 14 points, or over 1%, for the week.

Pre-Market Update: Thursday’s session showed signs of lower lows and higher highs, which kept Wall Street on its heels, and the action could continue to heat up with today’s jobs report and the other economic news that will hit the tape going into Friday’s close.

Pre-Market Update: Wednesday’s action carried over from Tuesday’s session, and the major indices traded within a tight range to give the bulls the overall market win. The bears did make some noise, however, as they pushed lower lows at the open before rolling over. The bulls then went on to test higher highs into the close after holding support, but it was another dead-money session.

Pre-Market Update: Much of Tuesday’s drama was focused on the Dow’s 100-point gain in May and, while the bears tried their best to steal a slice of the pie, the bulls did enough into the close to get a clean sweep for the month.

Pre-Market Update: The bulls have weathered the storm in May, and they could come out of it smelling like roses. The “sell in May and go away” theme was bearish for much of the month, but it eventually turned into a buying frenzy. Today is the last trading day of the month, so the score still hasn’t been settled. However, I have a good feel for where there market could be going and how we are going to play the next few weeks of action.

Pre-Market Update: Thursday’s action was a little tighter following a bullish week and run to resistance. The bears are still lingering and looking to get aggressive ahead of the three-day weekend. The bulls will be looking to hold support.

Pre-Market Update: Due to some unexpected changes to my travel plans at the last minute, this will be an abbreviated update. The good news is that both of the Stop Limits for our current positions held into the close yesterday, and I do not have any adjustments to make to our trades at this time.

Pre-Market Update: We tried our best to play yesterday’s rebound rally and the surge past resistance with iShares Russell 2000 ETF (IWM, $112.94, up $2.28) calls, but our orders ultimately went unfilled. The pros are now questioning whether the blast higher was a short-covering rally or a dead-cat bounce, which are fancy terms meant to confuse the rookies like you and I, but it is trouble playing ball with them sometimes.

Pre-Market Update: The major indices traded within a tight range on both sides of the ledger on Monday before closing lower. However, the losses were held in check, as the continued trading range carries on.

Pre-Market Update: The bears pushed fresh lower lows last week to crack levels last seen in late March and early April. However, the bulls once again showed signs of life on Friday, which has me feeling semi-bullish going into mid-June, although the six-week trading range I have been warning about is still in play to some degree.

Pre-Market Update: While today’s headline might be scary, it reflects my thoughts on the current market action. Thursday’s pullback can be tied to a variety of factors, but there was still some bullish action going on despite the negativity. The bears have controlled the week so far, and the lower trading ranges for the major indices are in play. However, if the bulls battle back today, next week will be interesting — to say the least.

Pre-Market Update: I felt that the headline above was appropriate for this morning’s Pre-Market Update considering the action during yesterday’s trading session, which included wild price swings, mixed results among the major indices and some bullish and bearish signs. Obviously, the Fed minutes were in play, and volatility was heightened, so let’s go figure it out in simple terms, or at least try to do so.

Pre-Market Update: The bears did some major damage on Tuesday, especially heading into the closing bell, and the continued trading range from mid-April is on the verge collapsing. Of course, the bulls have shown resiliency over the past month, but yesterday’s action may have confirmed that lower lows could be coming quickly.

Pre-Market Update: Apple (AAPL, $93.88, up $3.36) shares rallied nearly 4% on Monday following the news that Warren Buffett’s Berkshire Hathaway had disclosed a new position in the company. Berkshire reported that it owned over 9.8 million shares of Apple as of the end of the first quarter, or the end of March.

Pre-Market Update: The bears pushed lower lows on Friday despite opening slightly higher. It was the third-straight week of losses for the bulls, and the Dow and S&P 500 closed below their 50-day moving averages. Volatility also closed above a key level of resistance, and the “head-and-shoulders” technical pattern I warned about a few weeks ago has finally developed.

Pre-Market Update: The market was choppy and somewhat subdued on Thursday following two back-to-back days of 1% moves. The major indices stayed within a narrow range yesterday, although they traded on both sides of the ledger.