Let's Get Right To It:
S&P 500 (SPY) Now 6 days under the floor trader pivots and officially oversold on the daily indicators. Slope on the 50 DMA now negative which means warning phase gathering momentum. Would prefer to sell …
The initial weakness in the day certainly no surprise, but the real question is whether the end of day rally and hammer candle left in S&P 500, NASDAQ and the DOW is a reversal with more upside to come given …
With all indexes in weak warning phases (exception is Russell 2000 which is in a strong warning phase), unless market bounces back above the 50 DMA, perhaps the recent rally and subsequent failure sealed the fate for a top in …
As I expected, the employment news was not good on Friday, and it pushed the markets lower right into the close. The relatively steep, back-to-back down days has put the markets back in precarious position technically. Many stocks and indexes …
Today, Thursday, was another example of how a good gap down is the often the best way to prevent a down day. As you may recall the market did NOT gap down, and that's exactly my point from yesterday. Today, …
There's nothing better to ferret out the resolve for the bulls and frustrate the bears than a divergent gap down in the major indexes. The divergence was the fact that the QQQ and IWM gapped below their prior day low …
IWM Ignores DIA's Doji
The Dow’s proximity to its multi-year high gets all the media attention, but the good news for the bulls on Friday was IWM’s attempt go lower was followed by a market leading advance. It’s now in …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish until May 7th.
The Bullish Phases Are Back!
Solid bullish phases are now in place in SPY, QQQ, and DIA. The IWM also put in a nice solid day …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish until May 7th.
Why was everyone afraid of AAPL?
All eyes were on APPL today, but all "they" did was watch!
Apple delivered another blowout quarter, leading to a …