Last week Russell 2000 improved to a bull phase, while S&P 500, NASDAQ had yet to catch up. The DOW, never got close , barely hanging onto a warning phase, which with the start of the week, deteriorated back to …
Inside day to end the week just shy of an improved phase change to bullish in S&P 500. Inside day in Russell 2000 which confirmed the bullish phase. NASDAQ confirms the warning phase, again with an inside day and the …
Let's talk phases! S&P 500 remains in a strong warning phase although it tested the 50 DMA. The Dow goes into an unconfirmed strong warning phase, making the 200 an important pivotal area at week's end. Russell 2000 goes to …
The reason I have been so focused on the phase changes and moving averages is for exactly what we saw in Tuesday's market action. When the DOW regressed in phase on Monday and NASDAQ failed to improve its phase Monday …
With a lot of anxiety lurking, from fiscal cliffs to European concerns, market held its own with both S&P 500 and DOW putting in inside days. NASDAQ and Russell 2000 fared better, both ending above Friday's high. Noteworthy is that …
After a consolidating session pre-Thanksgiving, post-holiday saw a gap higher and excellent follow-through. Apart from the gains in the indexes with NASDAQ percentagewise, the biggest gainer, the major sectors and groups firmed as well, although with divergence important to note. …
All in all good consolidation. S&P 500 performed best closing over last week's high in the final moments. Nice to see a confirmed change to a strong warning phase which means, back over the 200 DMA, well below the 50 …
S&P 500 led the session-gapping up and rallying in a controlled fashion throughout the session. The volume was good, clearly not at Friday levels, but just under average. Most important is that it cleared the 200 DMA. The other 3 …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until November 19th.
The oversold conditions finally provided some relief for the bulls on Friday. There was also a little help from news out of Washington. Together these …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until November 19th.
The QQQ's weekly RSI is now at a level not seen since the dark days of the 2008 collapse. The biggest difference this time is …