Helen and I are back from our extended holiday.  We missed everyone in our little community, but needed the break.  We went to India and China for several weeks.  It was one of the nicest vacations I have had in a long time.  Although China is a familiar destination, India was very new for us both.  Lots of terrific experiences, including spending time with a yogi who is a … [Read more...]

The market pushed higher yesterday in response to Friday's minor spring, breaking above the supply line highlighted in earlier posts. We have not seen significant supply come into the market since September 1st.  Until we do, the odds favor that the market will continue to rise. Trading ranges can be tricky for some traders.  It often reminds me of what is said by experienced … [Read more...]

The market reacted to the resistance at the trend channel supply line and fell 15+ points this morning.  Nevertheless, supply did not materialize.  You can see on the Weis Wave that the down volume was about the same as it has been over the past several days.  We were looking to see an increase in the selling.  Since that didn't occur, buyers retain the upper hand.  We now … [Read more...]

As we see from the 27,000 Tick Chart, the market hit the supply line from the Aug 31 high.  We detailed this last night in the previous post.  Note the weak up wave volume that the Weis Wave highlights for us - nice!  Now we look for supply to come into the market.   … [Read more...]

I really enjoyed the US Open Tennis Men's Final between Novak Djokovic and Rafa Nadal.  It capped an incredible year for Djokovic.  He won three grand slam titles and lost only two matches the entire year.  Plus, anyone who can beat both Roger Federer and Nadal in the same tournament is pretty darn good in my book. That being said, I also have to say that the final between … [Read more...]