The Dow Jones Industrials managed to exceed the September high intraday and produce the highest weekly closing, but it did not close ABOVE the September high ruling out a Sling-Shot Move right now. Nevertheless, we still see this week as the target and the key days are today and Friday with a mid week minor […]

  We closed right on our 17195 target and then the Dow closed above 17143 providing another buy signal yesterday and that warned of a move further to the upside. Especially when we fell right to the Bearish Reversal at 15960 and held. Exceeding Thursday’s high is a serious issue. We now must realize that […]

  Here is Thursday and we have broken back up to new highs on our cyclical models without electing a bullish reversal yesterday. Resistance stands at the 17195 level and a closing below 17000 today will imply that we have a high in place. Closing resistance will stand at 17010, 17143, and 17246. We need […]

  We really need to see a closing in the Dow above 17010 to imply we will see perhaps further upside. However, we have technical resistance at the 17200 area  and we need a closing ABOVE 17160 to hint at further higher highs. We still see next week are critical so hold on to your […]

  We see closing support at the 16629-16636 level today. So far the Dow made a new high so there is still the potential to rise to test the 17000 level for a high on Thursday as long as we hold 16629 level on the close. Closing Resistance stands at 16804 and intraday support lies […]

Vladimir Putin has effectively accused the Obama Administration and the United States on Friday of endangering global security by imposing a “unilateral diktat” upon the rest of the world. Putin also denied trying to rebuild the Soviet empire at the expense of Russia’s neighbors and has stated bluntly: “We did not start this.” On this score, Putin […]

  The Dow Closed above 16660 and this now opens the door for a rally to test the 17000 level reaching a high perhaps on Thursday. We need the see a closing ABOVE at least 17010 to imply that the test of the Weekly Bearish Reversal that held at 15960 may hold. The major support […]

Today we need a closing ABOVE 16660 to show some neutrality. Friday was the main target for this week. Exceeding the Wed high yesterday set the tome for a possible high on Friday this week. The next turning point will be the week of Nov 3rd. A closing below 16660 will warn that the next […]

  We rallied right up into Wednesday testing the convergence of overhead resistance and will now most likely return to retest support into Friday. The bulk of resistance stands at the 17000 level and support at 15960. This is the closing range of resistance and support. If this week proves to be the reaction high, […]