It's no secret the market this past week has been having a hard time going anywhere -- but we expected that. That being said, there is a lot of order to this week's action and the action off the most recent peaks.
Should the markets follow the script I’m about to ...read more
Be Ready When the Market Tops
Jul 27th, 2009 | By David Grandey | Category: Energy, Featured, Technical Analysis
The S&P 500 jumped another 4.13% last week – can this rally continue? It’s time to gauge where we stand today, and what to look for this week in the markets.
From where I’m standing, the market looks very overbought right now. That means that after the last three consecutive weeks ...read more
Why the Markets Could Rally This Week Before the Downtrend Continues
Jul 13th, 2009 | By David Grandey | Category: Featured, Technical Analysis
The amount of damage done to stocks last week was quite impressive in such a short period of time. Over the course of the last five trading days, the S&P 500 shed 2.38%, adding to last week’s dismal performance.
It should come as no surprise then, that we see more long ...read more
How to Read the Market for Short-Sell Signals
Jul 6th, 2009 | By David Grandey | Category: Featured, Technical Analysis
What started out as a hopeful week for investors turned sour Thursday as the markets sold off, leaving investors running for the sell button. The Dow, NASDAQ, and S&P 500 all triggered short-sells last week. The Dow staged a 5-waves up pattern, and then sold off as shown in the ...read more
Be the First to Know When the Bull Dies
Jun 29th, 2009 | By David Grandey | Category: Featured, Investing Strategies, Macroeconomics, Technical Analysis
Many are suggesting that the recent bull market is over and the time to sell is here. Let’s let the charts do the talking…
The Dow Industrials MAY be in the process of forming a potential Head and Shoulders Top as shown below. A break of the green support line opens ...read more
Is It Time for Another Gold Rush?
Jun 22nd, 2009 | By David Grandey | Category: Featured, Technical Analysis
Looking at the index charts over the last few days, we've got some cross currents going into next week. While the daily charts show everything still intact and the Full Stohcastics being in the near to oversold zone with a lift off of Wednesday’s lows, we've still not made it ...read more
The Market’s New Trading Opportunities
Jun 15th, 2009 | By David Grandey | Category: Featured, Technical Analysis
If you just look at the daily closes on the indexes, one would conclude that the market is relatively healthy and is still providing opportunities to buy. But when you look at it from other perspectives, you could draw a conclusion that is much different.
You’ve seen charts of the market ...read more
Has the Market Rally Lost Its Steam?
Jun 9th, 2009 | By David Grandey | Category: Featured, Technical Analysis
When I look at the markets, I can't help but be reminded of the old Wendy's commercial -- where's the beef?
By that, I mean where are the good stocks that you can safely buy right now? Just look at some of the names below -- from a technical perspective, you ...read more
How To Trade In Tandem With The Market
May 26th, 2009 | By David Grandey | Category: Featured, Technical Analysis
On Wednesday of last week, the market staged a “negative reversal” as it found resistance at the place it formed a double top (often the first sign that a change in trend – from up to down – is near).
The market wasted little time as, on Thursday, the markets ...read more
Pullbacks Create Buying Opportunities
May 18th, 2009 | By David Grandey | Category: Featured, Technical Analysis
Last week, we talked about whether or not this sell-off in the markets is a constructive pullback off highs pattern or the start of something larger that will ultimately kill the rally.
Well, when looking at the charts of the indexes from a pure pattern standpoint, we see a nice, orderly ...read more

