LBRMarket Commentary

Opening Play for Thursday 2/12

Feb 12, 2014 | Opening Play

Good Morning Traders!  The market stopped to take a breather from the 5 day buying orgy.  The summation tick hit overbought levels not seen since the end of December.  After 5 days ...
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Opening Play for Wednesday 2/12

Feb 11, 2014 | Opening Play

Good Morning Traders!   The upward momentum continues as the SPs were in trend mode up after an upside breakout from NR7 day.   The market shuold hold its gains as any pullback wil...
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Hanging Loose…. Opening Play for Tuesday 2/11

Feb 10, 2014 | Opening Play

Good Morning Traders!   An early morning dip providing a buying opportunity for a retest back up.  The 2-period ROC made new  momentum highs as noted below and this leads to higher...
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Opening Play for Monday 2/10

Feb 07, 2014 | Opening Play

The market’s strong bounce off the bottom has made new momentum highs on the 2-period ROC. The SPs are expected to hold their gains after such strong upside momentum.  Watch fo...
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Opening Play for Friday 2/7

Feb 06, 2014 | Opening Play

Good Morning Traders!    The market had an upside breakout from a  coil out of very oversold conditions.  The SPs were able to make it back up into the prior trading range and now ...
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Opening Play for Thursday 2/6

Feb 05, 2014 | Opening Play

Good Morning Traders!  All indexes continued to fill out range on the 120 minute charts.   Volume was on the lighter side, breadth remained negative all day, and the market closed a...
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Opening Play for Wednesday 2/5/14

Feb 04, 2014 | Opening Play

Good Morning Traders! The market spent the day consolidating the prior trend day down out of a coiled chart formation.  Indexes were able to retrace to the 30 minute EMA where resista...
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Opening Play for Tuesday 2/4

Feb 03, 2014 | Opening Play

A donwside breakout from the coil led to a steady rtend day down with heavy breadth.  Look for morning consoldiation – rally up to 15 minute EMA is a shorting opportunity.  Any...
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Opening Play for Monday 2/3/14

Jan 31, 2014 | Opening Play

After testing the lower end of the 5 day trading range, the Sps were able to trade back into the middle of the range.  The daily RSI is oversold, but many shares made new momentum low...
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