About Us
The Coach's Playbook
Blogroll
Close…
Though the averages closed the day near their highs on above average volume, the volume was still lower than yesterday’s and these big up moves recently have usually been followed by more selling. With expiration this Friday it would be very unusual for the averages, in this environment, to rally strongly into expiration.
Lots of talk about short covering but none of the averages have made any serious attempts to challenge any of the ST resistance trends…yet.
Coach BD
*
Midday…
The markets are rallying nicely, however, the volume has fallen off significantly since the DOW crossed 11,100. Watch for a reversal over the next hour, or, if the market really has some legs then the volume should pick up if the DOW trades above 11,150.
Caution is still advised.
Coach BD
Member Login
Forgot Your Password?
News & Commentary
Calendar
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Jun | Aug » | |||||
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | 29 | 30 | 31 | |||
No user comments " 7/16 - Market Commentary "