Hello Goodbye-Title of a Beatles song and ode to the now elusive 50 DMA. Volume was not as heavy as it was yesterday. Then again, we have been writing that many investors remain sidelined. Since Friday is upon us, expect …
FED says it's a TWISTER! No Quantitative Easing, but then again, always leaving that door open. Where is the market now? Holding the 50 DMA, still approaching "irrational exuberance" and technically, a significant distribution day in volume in the S&P …
Hello 50 DMA! Nice to see you again. All indexes are now back into an unconfirmed bull phase. And so we have it, a perfect lesson on following the phases as they deteriorate and improve-all in the month of June! …
Coming into Monday, the NASDAQ leadersand the semiconductors had to prove themselves. The Financial Sector had to hold, but not necessarily rally. The indexes are all near their 50 DMA except the DJ Industrials, which are on the 50 DMA. …
Last week I wrote about "Operation Twist" a Fed tool used in 1961. Friday, Reuters did an article about that and other FED options. I am no economist, but that option resonated with me. Here's a direct quote from a …
Good accumulation day in volume inS&P 500 and NASDAQ. So it's "Trader Who Lives in a Bubble" time. That means we know nothing of the world, only the charts. What do the charts say? The humongous red candle on June …
More noise, more volatility, more market remains at a midpoint- in a warning phase, still vulnerable, yet with the longer term uptrend intact. Russell 2000 and Small Caps make the trip back to Distribution Phases.
S&P 500 (SPY)Held the fast …
The fast moving averages were next up as support and all held. After a lot of buzz concerning the bearish engulfing patterns that developed Monday, the relevance of those patterns matter mainly if they occur at swing highs or lows. …
Indeed Friday caught us by surprise-because it defied logic based on the technical analysis we do each and every day. So, although not happy about a 140 point drop, at least in the Vulcan world of trading, logic is restored. …
Admittedly, Friday took us by surprise. We began with a negative bias, but even when it became obvious that the market would firm, we stood by. The 200 daily moving averages remain intact. Although volume was light, the broader market …