Weekend Update – Wallstreet Never Sleeps

Thursday Update…

One more push higher, then look out below!

Red

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Tuesday Update…

Wednesday looks like a down day, as even if the market manages to gap up and reach the 1130 level, it’s like to fall back down and break the support line from this rising wedge it’s in. We . . . → Read More: Weekend Update – Wallstreet Never Sleeps

Still Waiting…

Will the bull ever come down?

Clearly this is being done to kill all the June Puts, as it has nothing to do with the news. If it did, we’d be at Dow 7,000 right now, and that would only be our first leg down. But again, the market lives in wonderland, and . . . → Read More: Still Waiting…

Are The Bulls Running Out Of Stairs?

I don’t know yet, but there’s an angry bear wait for him below….

This movement reminds me of the countless grind higher, from the February low. Day by day, the market grind-ed higher, without hardly even a blip of a correction down. We live in a world that has clearly changed tremendously since . . . → Read More: Are The Bulls Running Out Of Stairs?