Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish until September 4th.
While I'm filling in for Mish you can follow my swing and daytrading in real-time in our trading room (instead of twitter) called "Daytrading with HotScans" …
I would like to personally thank the gods of trading for reading my plea of releasing the pause button. This was the best volume we have seen since August 7th, but not nearly enough to start predicting a 'blow off" …
Anybody have any adjectives for low volume rally? I am getting pretty tired of saying that. I'll add this-inside day in S&P 500 andNASDAQ 100-somebody please release the pause button! S&P 500 (SPY) 141.38 Tuesday high should clear after an …
The market begins looking like it will challenge 2012 highs, and winds up closing basically unchanged. From a technical standpoint, this indicates continued consolidation on low volume. Although traders await a nasty correction, that does not appear to be a …
5 days of consolidation and counting. Low volume-seems like August Heat is more like August Simmer. S&P 500 (SPY) Inside day. Over 140.92 it's 2012 highs or bust. Remain cautious under 140.Subs: Pivots positive
Russell 2000 (IWM) Landed on the …
Whoa, what low volume drama to end the week. Shooting stars now looking like launch pads for a move higher. Of course, the overbought Relative Strength Indicators give one pause, especially with low volume; but one thing we know-things overbought …
After the shooting star formations in the Dow and S&P 500, in order for that to just go away, the highs from Tuesday in both have to be taken out. Otherwise, it is fairly bizarre action to be hovering up …
Marketgauge has developed some really sophisticated scanning tools, not the least of which is one that categorizes over 400 instruments into phases. Often, the most telling indicator is the number of instruments that change to a more positive or negative …
Still low volume, however, a bit better than Monday's in all indexes which means an accumulation day all around. Not much else to add other than that price counts too, especially when in line with the phase.
S&P 500 (SPY) …
Low volume reigned while the market continued its ascent. Could be ominous, could be just summer doldrums, could be lack of any real news. It was a good Monday start though, so best not to read into anything just yet.…