Weis Wave & S&PsInteresting day in the ES yesterday.  From the daily chart, we were anticipating follow-through from last Friday's drive down.  The market found support just below the 1127 level, however, and rallied closing the day firmly.  You can see on the daily chart that this has been a level were buyers have stepped in (green arrows) over the past two weeks or … [Read more...]

Hurricanes and power outages are over (thank goodness!), the President has introduced a new jobs program and the Fed hints at more stimulus ... but the market continues its slide.  Let’s take a look: Sellers Still PresentI’ve posted weekly and daily charts of the S&Ps.  We can see on the weekly chart that the market broke through its uptrend line (green line) from the March … [Read more...]

For Deep Practice Program Members: There is no power for us and so no session tonight.  We apologize for the inconvenience and Gary will record the session as soon as we get power back.  We will notify you when the recording is available.   … [Read more...]

Hello everybody - although we have not suffered damage to the properties, we have lost power since yesterday morning.  This time, the power damage is so extensive that we do not really know when we can have our power back.  As CL&P (our electric company) says it oculd take a week to restore power.  For Deep Practice Program members - we do not expect to have power or … [Read more...]

Hurricane Irene is on her way!  Well, we have lived through many hurricanes before and we do live a little inland, so we won't experience Ms. Irene in her full force as our friends on the coast certainly will.  Nevertheless, we are taking precautions. Living in southern New England, we do experience frequent power outages from the larger storms.  It will be no surprise to … [Read more...]