Jack Steiman

Contributor since: 26 Feb 2010

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• Hesitation For Now At 1,950-60 SP500 Resistance...Still Nowhere....Ism Up Next...Chicago Pmi Awful Today...

  Published 29 February 2016 | viewed 0 times

  This right now is an EXTREMELY critical time for the market and I'll explain why so pay attention. On Thursday of last week we made…

• ISM Playing Out a Day Late....Jobs On Friday....

  Published 02 December 2015 | viewed 0 times

  So yesterday we had a very bad Ism manufacturing report. Below 50.0 for the first time in quite some time showing economic contraction. Not a…

• Fed Talk... Rates To Rise....Watching Sp 2075....And 2020...

  Published 19 November 2015 | viewed 0 times

  The stock market has been resilient no doubt. The bulls over and over are buying up moves lower ever since the bull bears spread got…

• Pullback Off 70+ RSI Region Continues....Fewer And Fewer Stocks Carrying The Market Higher...

  Published 11 November 2015 | viewed 0 times

  It's really that simple. The market is doing its best to get the daily oscillators on the index charts to move lower so as to…

• Overbought Daily Charts Approaching 70 RSI...Monthly's Awful...Short Term Still Ok...

  Published 04 November 2015 | viewed 0 times

  There's a nasty combination out there that says things won't be all that easy for a while but still nothing in the moment that says…

• Market Hangs In Well Despite Lack Of A Rate Hike.......Pessimism Waning But Still Solid For The Bulls....

  Published 28 October 2015 | viewed 0 times

  Once again the fed sent a not so great message with her refusal to raise rates. She not only refused to raise a whopping quarter…

• 4900 Nasdaq...2030 to 2050 SP 500...Battle Zones For Both Sides.....Earnings Poor Overall...

  Published 22 October 2015 | viewed 0 times

  The battle zone levels have been established. The Nasdaq at 4900 or the mid point of the double bottom range and 2030 to 2050 on…

• Pessimism Unwinding Gradually...Earnings Weigh Early.....1950-2030 SPX Range For Now....

  Published 14 October 2015 | viewed 0 times

  After a run up off the 1,870 lows area the market started to show some hesitation the past couple of sessions and our sense was…

• Pessimism Still Very High.....Bulls Enjoying The Negativity Off The Lows.....Earnings Time Is Upon Us....

  Published 08 October 2015 | viewed 0 times

  When markets get overly optimistic, meaning too many bulls, they have a tendency to struggle, even if it takes a while before they go down…

• Closing the Books on September...Pessimism Extreme...Testing Weekly Support Lines

  Published 30 September 2015 | viewed 0 times

  Larger Image I thought, based on the markets behavior ending last Friday, that we'd see a bull bear spread on the Investors Intelligence survey of…

• Sentiment Plunges Further Still.....Price Action Weak....

  Published 24 September 2015 | viewed 0 times

  It's really amazing how fear ramps so much faster than froth ever could. Put a good scare in to folks and they run for the…

• Fed Blows It....No Confidence...

  Published 18 September 2015 | viewed 0 times

  As the Byrd's wrote a long, long time ago. There is a season, turn, turn, turn. The fed had been on a long term zero…

• Waiting On The Fed...What The Market Likely Wants....Weeklies Unwind...Big Picture Outlook...

  Published 12 September 2015 | viewed 0 times

  The market seems to have found some stability after the bug push lower that saw the market flash crash one day and even though it…

• Sp 2040 Breaks Down... Market Turns Bearish....Key Monthly Index Chart Review....Sentiment On The Right Track...Fed Tricks Soon?....

  Published 21 August 2015 | viewed 0 times

  For quite some time I've spoken about the look of those nasty monthly charts across the board. While the market stopped going higher, it didn't…

• Reversal.....2070/2075 SP 500 Holds Yet Again...Sentiment Improving...

  Published 13 August 2015 | viewed 0 times

  What a reversal today. The Sp was starting to lose trend line support at 2070/2075 with a reading as low as 2052. A full percent…

• Market Swinging Wildly.....No Change....Sentiment Still Unwinding....Transports Improving...

  Published 06 August 2015 | viewed 0 times

  It's a fact we've all gotten used to. At least I hope you have by now. Today yet another day that makes no sense thus…

• Transports...Industrials Take Out Bears....Market Still In Its Base....Aapl Bearish Behavior...Sentiment Unwinding...

  Published 30 July 2015 | viewed 0 times

  If you take the time to study the weekly charts you'll see that many of them have unwound those overbought oscillators quite a bit while…

• Earnings No Help....Breadth On The Decline....More And More Sectors Breaking Down...Still Nothing Bearish....

  Published 25 July 2015 | viewed 0 times

  Last night we saw a strong move higher out of Amzn, everyone's favorite all time froth stock. They reported earnings. Yes, it can happen. The…

• Market Holding in 7 Month Bases Ahead Of Parliament Vote In Greece......Earnings Continue...

  Published 16 July 2015 | viewed 0 times

  Solid move higher in our 7 month basing patterns this week on the SP 500 and Dow with those indices firming near our 200 EMA's…

• Weeklies Test Key 2.5 Year Support Lines This Week and Hold...Greece Proposal on the Table...

  Published 11 July 2015 | viewed 0 times

  A tough week for the bulls Monday through Thursday. Some really bearish candles printed, especially yesterday with a big reversal lower after a huge gap…