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Continue reading >>U.S. markets showed weakness for the 4th-straight session while holding early February support levels that served as previous resistance. The losses further worried Wall Street but the technical damage remains healthy as long as the lower end of the current trading ranges hold. The losses extended the worst week of the year for the major indexes with Friday’s session being a big clue on how...
Continue reading >>U.S. markets were weak throughout much of Wednesday’s session after showing some strength, briefly, at the opening bell. The slow drip lower lasted into the afternoon with the major slightly rebounding but extending their longer-term trading ranges for the 13th-straight session. A closer look at the charts show the 20-day moving averages are in play and have been holding, for the most...
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Continue reading >>U.S. markets were sluggish throughout Tuesday’s session after showing weakness in the morning and slight strength in the afternoon. The tight action extended ongoing trading ranges for the major indexes as they now enter a 3rd-straight week of consolidation. Economic news was better-than-expected along with ongoing 4Q earnings from a number of companies in the retail space. Volatility was...
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