Friday ended the week as anticipated with a sell off after the S&P showed signs of fatigue late Thursday. Plus, there was a second distribution day in volume.NASDAQ fell to test the fast and 50 day moving averages and held. …
Since June 26th, Today (Thursday) was the first sign of perhaps the fun is subsiding, especially inS&P 500 as it closed under key pivots and posted a distribution day in volume. In contrast, NASDAQ had an accumulation day in volume …
Prepared by Geoff Bysshe, Co-Founder of MarketGauge, filling in for Mish.
The Confirmed Bullish Phase Shows Off Its Influence
Hi Lincoln,
Tuesday was perfect example of pre-holiday bullish drift. Very often the market will move effortlessly higher leading in to …
Prepared by Geoff Bysshe, Co-Founder of MarketGauge, filling in for Mish.
Tuesday the stock markets will close at 1:00 EST so expect a very light trading day and action similar to today's consolidation. With the exception of IWM's impressive sprint …
Go ahead and celebrate an amazing end to the week and month (we sure did), then, come with me into volume world. No doubt, the recent rally has been fueled by the sectors I have been writing about since 2012 …
Hope traders had their seatbelts on and fastened. A historical day in U.S. history and a day where a trading plan was even more paramount than usual. Most interesting pattern to note on all indexes (except NASDAQ 100) is that …
Low volume rally and right to the fast moving average in S&P 500, NASDAQ 100, and the Dow Jones Industrial Average or the "spring rate" from my shock absorber analogy Tuesday. Only Russell 2000 (the one that hung onto the …
The market is wearing shock absorbers. The 200 Daily Moving Average appears to be the cushion while it traverses on uneven roads. Since shock absorbers also have springs meant to dampen spring oscillations, we will call the fast moving average …
Week began with the wolf not grandmother considering the gap lower and consequential follow through. The 200 DMA back in the S&P 500 midst, Russell 2000 upon it and NASDAQ once again, the best hope that current levels hold as …
Last week ended with low volume and inside days in the indexes. Also noteworthy is that all but the Russell 2000 closed inside and in the lower part of the substantial trading range from Thursday. Russell 2000 fared better, closing …