iShares 20+ Year Treasury Bond (TLT)

The Market’s Ceiling Moves From Resistance to Support – The Market Breadth

resistance to support (Credit: Girls on trampolines by Bryan Peters on Flickr)

Stock Market Commentary: What was resistance for over two months is slowly becoming support for the stock market. The bullish trading action of the last week created an important breakout that confirmed the bottoming action from the previous week’s bullish engulfing pattern. While the stock market may continue to chase its tail before fighting its … Read more

Powell Served Up the Ball On Inflation, Bullard Delivered the Slam Dunk

Federal Reserve Chair Jerome Powell served up the alley-oop and James Bullard delivered the slam dunk. While the latest statement on monetary policy had nothing to say about a hawkish turn at the Fed, Powell served up notice during the press conference. Powell noted growth and inflation prospects that exceeded prior expectations, which in turn … Read more