Market:
11:03 AM
The market is holding up better than I thought it would. I couldn’t resist, and bought a little RIMM long at fire sale prices (69.91):
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RIMM

DJI

Pre-Market:
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8:45 AM
Good morning. Futures are down pre-market on the heals of a disappointing durable goods orders report this morning. Asian markets down overnight and European markets mixed. I’m not taking [...]

David Elliott’s Daily Market Update.
The markets are still in an up mode in an overbought area.
McClellan numbers have eased back somewhat.
I expect the markets today to move all over the place since it is option expiration.
The DJ-30 is still in Linear Regression with 3 standard deviations overbought zone with a eight day 50 SMA [...]

David Elliott Morning Market Commentary August 17, 2009
Per David Elliott of www.wallstreetteachers.com :
All the market Indexes, from financial to Commodities, gave technical sell signals last week, with chart pattern confirmations. Double tops, Failed New Highs, and Head and Shoulder all made their appearance.
In our Wizard & Pitbull email to subscribers on Friday, we indicated that [...]

So much for the dog days of summer.  The week of August 10-14 promises to be one of this summer’s more pivotal weeks for the capital markets: equity markets will contemplate the Federal Reserve’s Open Market Committee Statement on Wednesday for clues regarding the strength of the economic recovery and associated monetary policy; the bond [...]

Morning Thoughts August 11, 2009
Good morning the market is in a precarious place right now. We could go either way. Yesterday seemed liked a slow day but the volume on the NYSE was actually rather heavy. Last night David Elliott did an excellent chart and chat on TcNet in which he discussed breakouts and failed [...]

Morning Note From David Elliott July 30, 2009
This was a morning update I recieve from David Elliott each morning discussing yesterday’s action and what he sees for today’s market http://finz.tv/davidelliott .
Per David Elliott:
“A small down move for the Indexes after the lows of the morning.
The DJ-30 hourly failed to break the 20 SMA and MOBO and [...]

Market Mania July 29, 2009
Good morning folks. The futures markets have been weaker again this am to start our day. Durable good orders will be released shortly. Yesterday I came into the day short AXP and that has worked out well boosted by the weaker then expected consumer confidence numbers that were released.
The market has [...]

Intraday update from David Elliott of www.wallstreetteachers.com :

“The DJ-30 min 20 sma, and MOBO lower band, is at 8884, the DJ-30 has held is sma simce the rally started it is our mkt cliff for lower lows and bigger selling today
DJ-30 8884 necessary to get a mkt close below that for my confirmation we [...]

Wednesday June 24, 2009
Yesterday was was a choppy day and that is not unexpected coming off the largest percenatge down day we had in the markets in two months. The DJ-30 closed below it’s daily 50sma (resistance) and the SP-500 closed below it’s daily 50sma and daily 20sma (resistance). The QQQQ closed right above it’s daily 50sma [...]