Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until November 19th.
The After 3 days of attempting to hold the SPY's at the 200 DMA the bulls gave up today. Apparently, after the FOMC minutes were …
The telling sign Wednesday was that although S & P 500 and DOW took out previous day highs, NASDAQ and Russell 2000 did not. In this treacherous market, all indexes in alignment is the best scenario and anything other than …
After the comments made coming into Monday's low volume session- (3 signs of a bottom), I am only more encouraged that regardless which way the market goes from here, with inside days in ALL indexes, we have a great strategy …
Friday was just the type of day one would expect after a couple of days of huge selloff and phase changes accompanied with good volume. Digestion and a meager bounce off of the lows: not enough to actually totally believe …
I worry when I see so called "professional" traders who have subscription services and recommend that folks buy falling knives in the "hope" that they will be the first ones to be "right". This is dangerous and quite frankly, the …
We are no strangers anymore to market swings of 100-300 points on any given day. The deterioration began when the indexes broke their 50 DMAs in the past 30 days. But, ahead of the election, SPY in particular tried its …
Day of election and market continues to hold support testing yet another level of resistance be it last Friday's high or the overhead 50 DMA. That puts the technical analysis looking at a very clear window. Either the market continues …
Market action Monday was neutral to slightly positive having held key support levels but not able to clear key resistance. And, all phases are in warning, which means unclear and at this point more vulnerable than not unless the internals …
Although neither as sobering nor tragic as Sandy, one does have to assess the Friday damage to the market and look forward with a logical plan. Of course, with US Elections on Tuesday, all plans are subject to change; therefore …
Those interesting setups in certain sectors/groups I wrote about Wednesday night really paid off if you were watching. Retail, Financials, shone bright. Semiconductors showed up too! S&P 500 broke out of its sideways pattern, stopping short of the fast moving …