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Harry Boxer

Harry Boxer - February 27, 2015

Week Ends on Sour Note

The stock market indices had a tough finish to the week. The day started out with a rally in the morning, they got up to resistance, formed some wedges, broke down by midday, and were selling off the rest of the session into the close. Net on the day, the Dow was down 82.04 at 18,132.38, closing ring at the lows for the day. The S&P 500 was down 6.25 at 2104.50, near the lows for the day. The Nasdaq 100 was down 21.60 at 4440.67, 5 points off its low.

Jack Steiman

Jack Steiman - February 27, 2015

Hesitation At The Trend Lines.....

Most of the major-index charts, especially the Nasdaq and S&P 500, hit the top of their trend lines and are now struggling. We've shown you these charts and how difficult it can be here for the markets to continue higher with force.

Mike Paulenoff

Mike Paulenoff - February 27, 2015

Miners Continue to Hang in There

Today’s Market Vectors Gold Miners ETF (GDX) chart continues to exhibit characteristics of a classic cup-and-handle pattern, with the price structure appearing to complete “The Handle” portion of the pattern at the Feb 18 low of 20.23.

Harry Boxer

Harry Boxer - February 26, 2015

AKRX, BLOX, DPLO, ELGX

The markets were sloppy and choppy on Thursday, and managed to crawl their way back to mixed at the end of the day. This may still be a topping area. Many of the stocks that we follow are still looking good. Let’s take a look at some of those that are looking well.

Harry Boxer

Harry Boxer - February 26, 2015

Intriguing Day for the Indices

The stock market indices had a very intriguing day today, with a strong move down at the opening. They held support, and then they had a nice rally to test the highs on the Nasdaq 100, but the S&P 500 got nowhere near the highs.

Harry Boxer

Harry Boxer - February 25, 2015

Indices Give Up Early Gains

The stock market indices had a rough session, but in the morning they certainly looked like they were going to go ballistic.