by Serge Berger | Jun 6, 2011 | Uncategorized
Last week's market action was weak, as displayed by bearish engulfing candlesticks on the weekly charts of major U.S. indices. The Russell 2000 is despite choppy action very close to again making lower lows since the beginning of May and the SPX and...
by Serge Berger | Jun 1, 2011 | Uncategorized
Note the key area the S&P 500 (and the other major U.S. indices for that matter snuck to this morning. It's hold or fold time here if you ask us. A bounce will become obvious if it happens and at that time we will look to names like Apple (AAPL)...
by Serge Berger | Jun 1, 2011 | Uncategorized
The most recent stock market rally that started on May 25th continued in full force yesterday, Tuesday May 31st. While end of month forces may have been at work, it speaks positive nontheless. The major U.S. equity indices closed at the highs of the day and as...
by Serge Berger | May 31, 2011 | Uncategorized
This morning's up-gap open may be enough to rally stocks higher and in specific the SPX to a $1400 area. The Russell 2000 small cap index remains at a critial level: right at the 50 day moving average (yellow line) and at multiple support and resitance trend lines...
by Serge Berger | May 30, 2011 | Uncategorized
The Russell 2000 is at the 50 day moving average as well as a horizontal and uptrend resistance area. The S&P 500 has now put in three weekly doji closes in a row….indecision is an understatement. While it can break in either direction at any...
