Low volume start of correction/digestion, which is always welcomed by those looking to add or reenter after the market works off overbought conditions. NASDAQ had an inside day with AAPL still hanging tough. Overall, the sectors that have been strong …
S&P 500 officially closes above the 2008 high.NASDAQ is trading in a price range not seen since 2000. I started to see inklings of the bears on Friday-from the Gann followers to the naysayers to the economists who predict double …
How can one argue with new highs in S&P 500 even on a slow, low volume doji day? How can one argue with NASDAQ holding the fast moving average? Although Russell 2000 did not clear 2012 high, it is really, …
Even lighter volume than Monday in the S&P 500with the bounce in price. Plus, it posted an inside day trading range.AAPL dragged down NASDAQ ahead of the new iPhone release. Dow Jones (DIA) made a new high, but closed under …
Well, perhaps the Rodney Dangerfield quote was timelier than I even imagined! After testing the last swing high in S&P 500 from 2008 before the huge downturn, the late day selloff could have a short-term impact, which means, a correction …
Low volume but positive end to a week that took the market out of the doldrums and into new 4 -year high territory. Other than the typical market corrections and digestions that occur, barring any unforeseen disasters, this rally has …
Sunny skies ahead indeed! And I hope you had your No-Doze in hand. Accumulation Day in volume-but not enough to think blow off rally. Tomorrow could be some digestion, but overall, any correction is a buy opportunity especially for those …
All I can say is don't fall asleep. Once this market wakes up, it will make a big move up or down from its current range. Considering the bull phase and the consolidation near the highs, right now-that points to …
When one looks at the scan of unconfirmed phase changes among 400 or so instruments, one is struck by how evenly divided between negative and positive phases the list appears after the trading session. Although divergence has been a constant …