The gap higher and ensuing follow-through during Friday's session on low volume suggests that the intact bull phase, although tested earlier in the week, prevails. But alas, with not that much interest. At least, not yet anyway. The several attempts …
We got through the FED, now the EU-that leavesUS unemployment numbers and then perhaps we can more clearly determine whether the last 4 down days are the end of summer fun, or another buy opportunity.
Subs: All pivots are negative …
Dow closes at 12,977 after everyone celebrated 13,000 last week.FED said nothing new, but why should they do anything now? Furthermore, there is nothing new about the incredible divergence we see. Been singing that tune for months! So, what's changed? …
For now, while we await the FED meeting to yield anything tangible other than the usual rhetoric, the market is telling us that the recent rally was to resistance, and even with the positive phase, euphoric calls for new highs …
Appreciated the respite after last week's roller coaster ride. And, makes sense with a FED meeting coming up next couple of days. The respite also points towards positive digestion of the recent move considering the bull phase and good accumulation …
Party like the Dow is over 1299! I was a Commodities trader on the NY Commodities Exchanges for years. I never thought I would live to see a world where the US stock market swings 100 points plus per day …
David Copperfield is a master of sleight of hand. The market is a master of illusion as well. It gapped over Wednesday's high for sure. But once the rabbit was pulled out of the hat, it wiggled its nose at …
Low volume and inside day in S&P 500 andRussell 2000, both with very different looking charts. In this mess of a market, the clearest thought that comes to mind, is to either buy SPY over Wednesday's high or be prepared …
Another big burst of volume in S&P 500 on a red day making this now the third distribution day in a week. But, oh what a tease, after testing the 50 DMA, closing right above it-just to keep us all …
Low volume sell off in the market. But what is most interesting to me is where support levels are in the indexes and many of the sectors and groups and how those areas held up. Need some follow through of …