Category Archives : Technical Analysis


-6% Down and Snapback to New Highs in a Month… Now What?

The S&P 500 started off 2014 grinding sideways and then sold off hard in late January, dropping -6% or more than -100 points in seven short trading sessions. The decline was fast and furious with the ensuing rally snapping back to new all-time highs that were printed in today’s session. The Nasdaq 100 also hit new highs but the Dow […]

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Empire Manufacturing Dives, DC Still Divided

The New York Empire Manufacturing Index is normally viewed as a secondary regional economic report, but given the lack of economic data issued by the government due to the shutdown over the past couple of weeks, it was in the forefront today. According to the report the index came in at 1.52, indicating a slight rate of […]