Testing the Trend
Point and Figure charts provide a great way to “see” trends in the market. Currently the market is trying to break out of the downward trend that has been in place for the past few months.
Better than expected earnings and talk of the possible extension of the Bush tax cuts (which expire at the end [...]
Will Bush’s tax cuts stick around a bit longer?
While our current market pattern is not pretty, we have seen some strength come back into the market. Some of it is due to the markets being oversold, but some may be coming from the rumors that President Obama may be looking to extend some of the past administration’s tax cuts.
Anaylst Greg Valliere commented [...]
