Back from the storm with more sideways action in S&P 500, the Dow, and an inside day in the Russell 2000. NASDAQ also posted an inside day but closed in an unconfirmed distribution phase with neutral market internals both long …
Incredible sideways action the last 4 days of the week in S&P 500, the Dow, and a test but hold of the 200 DMA in NASDAQ and the Russell 2000. Still lots of earnings ahead, but the big guns are …
Now that AAPL earnings are done with, as expected, NASDAQ weakened under the 200 DMA after the close, but AAPL itself although not great, seemed to have had a lot of the disappointment factored in. More importantly, perhaps we can …
Did a thorough analysis of the phases in all 4 indexes. In a nutshell: S&P 500 in a warning phase that could go either way-accelerate to downside or bring back buyers at least to test the overhead moving averages. NASDAQ …
A couple of interesting potential developments to consider in spite of the huge down day. First, is my close friend Semiconductors. Yes, we go way back as a rally cannot sustain without them, I believe. And conversely, a selloff should …
Was it the talk of the FED doing even a bigger injection into QE3, the dull test of October lows in S&P 500 that could not create a panic, AAPL turning around or the long-term market internals which indicate that …
For the sake of redundancy, some anniversary present-and after 25 years, we were hoping for silver not lead. A couple of potential bright spots: Financials and transports held their fast moving averages, homebuilders barely faltered. Overall, Semiconductors, real estate, retail …
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Wednesday night I wrote that earnings season adds to the fun-oh yea, like anyone holding GOOG today would agree with that! Otherwise, not much changed-semiconductors remain under pressure and homebuilders, financials, oil services firm. Transports and …
Market acted like a good little bull-pausing as it nears resistance yet with no real harm done. Sector rotation continues as well with Semiconductors back under pressure and Homebuilders the big winner. Financial sector doing well and after commenting on …
The gap and follow through today put all 4 major indexes over their 10-day moving averages, but also into significant daily resistance levels. DIA and QQQ had accumulation days, but volume was not impressive. After the move up of the …