Brian Johnson with TheStockMentor.com and we did see a move back to the downside in the markets with a small pop to end the day. Seems there are still some lower levels that the bulls want to try and hold but overall I don't think it will make much of a difference going forward.
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Brian Johnson from TheStockMentor.com and the bulls come back into the market and put in a pretty good showing. The internals were OK but at least it's a start. I still can't get away from the Daily charts and, while they look a teeny bit better today, the overall pattern is still down in the near future.
Brian Johnson with TheStockMentor.com and Options Expiration week didn’t let me down as we finally got a day of volatility in the markets. Most of it came on the gap down to start the morning unfortunately so finding a price to enter was not the easiest task. We ended the day with a quick pop upwards and this may carry over into tomorrow’s session but I’m not convinced more lows aren’t coming soon.
Brian Johnson with TheStockMentor.com and the markets are just consolidating in here awaiting the next bigger move. Options Expiration is rarely without some kind of decent volatility so I'm expecting a good bit of movement as we enter the rest of the week.
Brian Johnson from TheStockMentor.com and a very nice push by the bulls this morning that actually started in the after hours last night. We hit a low last night on the futures of 1103 so that makes today's run even that much more impressive. The internals confirmed everything today so the only thing left for the bulls is a little confirmation into Friday.
Wow…..just wow. What a day in the markets for the bears. NO confirmation of the hammer candles from yesterday and just a constant bleed all day long! This is what a wave 3 of a wave 3 is like for you Elliot Wave people! Major selling and, unlike yesterday's hammer candle, the internals completely confirmed the move today. Very nice.
July 29 – A fantastic week for the bears as the double top formation on the DOW was confirmed. Expect a bounce early next week as we are a bit extended down here in this area.
Brian Johnson here and the 'major' move down last night that the talking heads on TV were blabbering about didn't really amount to much as the markets, while they did close down, didn't really hurt anything from a bull standpoint. It would appear at this time that my call of 'short term bearish and longer term bullish' is actually playing itself out quite nicely.
Brian Johnson from thestockmentor.com and a very quick run to start the day left everyone wondering where we would go next…..and we never found out. Nothing but sideways action the rest of the day but, as it has been time and time before, still a more bullish look than anything else at this point.
Brian Johnson from thestockmentor.com and a hard push up as the bulls find their footing for at least a day. I believe this will be a defining moment for the markets over the next few days. AAPL, of course, reported well and is way up in the afterhours but that was to be expected. I do expect a sideways day or a small pullback day tomorrow and if it happens I still have to give my bias to the bulls. The chart just is what it is!