Updating blog

I had to update my WordPress software and now my theme needs to be updated as some of the functions don’t work properply, such as image uploads and wrapping text around them. It is a lot of work. I’m trying to fix the old theme, but I may have to try a new theme. If…

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Stocks rally, Commodities lower

Stocks indexes rallied on Friday. On the NASDAQ/QQQQ the low on Thursday came right down to the slower moving average (darker blue line) and held there almost to the tick, closed higher than the open and well off the low, and the rally carried through on Friday. Momentum is oversold and starting to turn up….

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Stock indexes rebound slightly

The stock indexes have pulled back this week. The trends are still holding up, and very slightly in the S&P, with momentum now back to the oversold level. Weekly momentum is still climbing. If any upturn in momentum should occur, the recent uptrend may still have more to go. Advance/decline still looks bad. Volume did…

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Stocks lower, Oil and Gold rebound from oversold levels

Stock indexes continued down today. Yesterday the S&P came back to the level of the longer term moving average, and the Nasdaq, which had been stronger, found support on the faster moving average. Last Friday I suggested that since trends and momentum were pointing up, that the path of least resistance seemed to be higher…

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