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Category Archives: IOC

Can We Move Higher While Overbought?

cs_setInnerHtml(‘video_3a84e5d4-3744-4385-aa81-89760a dee63e’,”);   Breakout or Fantasy? One thing that is NOT fantasy is the results we’ve been racking up, ringin’ the register HARD day after day!  If you’re not getting the trade alerts directly from me you’re gonna kick yourself. Just click here to sign up and pay for everything (and more) with a few [...]

Market Stumbles On Economic Worries: SPX, Nasdaq, APA, EOG, IOC, CLF, WLT, BTU, X, AAPL, GOOG, RIMM, AMZN

Last night, Chinese stock market’s Shanghai SE Composite Index dropped more than 100 points, or more than 4%.  This morning, the US market followed the bearish sentiment, gapping lower.  US consumer confidence index fell 10 points in June, the biggest fall since February.  The selling continued throughout the day and the market pretty much ended [...]

Market Bounces Back After Testing Support: SPX, Nasdaq, APA, DVN, OXY, EOG, IOC, CLF, BTU, FCX, BHP, GLD, BP, RIG, DO

As discussed in my Market Forecast this weekend, I was looking for more selling pressure to test SPX 1040.  The market was weak in the morning and sank as low as SPX 1042.17.  Techs were especially weak today.  However, the miners drew some buyers back in and stayed strong most of the day:  CLF +4.42%, [...]