Nice Bounceback

from yesterday’s drop. The markets are above the VWAP from the March 10 gap and it appears the bulls aren’t quite ready to roll over and die…yet. If you have been trading long this morning, it looks like a good place to tighten stops just below the 5DMA and then monitor the 1 minute charts … Read More

VWAP of The Rally

Since this rally began on March 10th, the buyers have maintained control of the trend as evidenced by the rising Volume Weighted Average Price from that date. The financials have broken below that level and other markets are close to breaking, be careful.

Trendlines Broken

The uptrend lines since this rally began have been broken today, the markets are below the flat/declining 5 DMAs and the VWAP (purple MA) since the rally began is now coming into play. A bounce from these levels will give good indication as to the conviction of the buyers of the recent rally. Be very … Read More

Satisfaction

I am easily satisfied with the very best.~Winston Churchill Shooting the Bull An Oklahoma Indian walks into a cafe with a shotgunin one hand pulling a male buffalo with the other..He says to the waiter: ‘Want coffee.’The waiter says, ‘Sure, Chief. Coming right up.’He gets the Indian a tall mug of coffee.The Indian drinks the … Read More