An Eye on Support Levels

Markets were slightly lower today, but near term support levels are holding up and until they break the buyers remain in control. The video takes a look a trends in $SPY $QQQ $IWM $XLF $SMH. Subscribers link for this evenings webinar can be found in the premium section.

Alphatrends Video Market Analysis 1/30/12

The intermediate term trends have turned neutral to slightly lower which gives us reason to be more cautious initiating new longs, but with longer term trends still higher it does not seem like a good idea to get aggressively short. The next few days will reveal whether this is a pullback in an uptrend (I … Read More

Elusive Resistance Found With Gap Fill?

On August 5, Standard and Poor’s made this announcement United States of America Long-Term Rating Lowered To ‘AA+’ Due To Political Risks, Rising Debt Burden; Outlook Negative The market wasn’t surprised by the announcement, it was rumored for at least a week before the actual announcement came. In fact, the real sell off began with … Read More