After hammer candles and possible reversal patterns, all followed through to upside leaving big questions on whether or not the market will head back to bullish phases (all still in warning) or having failed the 50 DMA, begin to test …
Today, all 4 indexes made hammer candles. This could be significant in that Hammer candlesticks occur when price moves significantly lower after the open, but rebounds to close well above the low. Is the market trying to find a bottom? …
Inside day in S&P 500 (SPY), Russell 2000 (IWM), DIA. Nearly one in NASDAQ (QQQ), which actually held up pretty well considering the dump in AAPL. 2 occurrences of inside days last week, a really interesting short-term trading pattern during …
Inside day in S&P 500 and DIA. Nearly one in NASDAQ. A really interesting short-term trading pattern during a time when the market is trying figure out if it wants higher or if more correction's in store.
S&P 500 (SPY) …
What I wrote Monday evening... "The sectors that are best to watch to see where we go from here are Retail, Real Estate, Financials and Transportation" Yeah!
No more gaps to fill on the daily charts in the indexes and …
What did Monday illustrate? 1: The sectors that are best to watch to assess where we go from here are Retail, Real Estate, Financials and Transportation. All closed green and outperformed their corresponding indexes (S&P 500, NASDAQ, Russell 200, DIA) …
The DIA was the only one who held onto the inside day on Friday. The rest (NASDAQ, S&P 500 and Russell 2000) closed nastily setting up this coming week as a make or break one. We saw the toppy formations, …
I know what you're wondering-will it last? I know what you're hoping-make it last! I know what you're fearing-it cannot last! I know what you did last summer-no I don't but threw that in to see if you're paying attention …
Inside day in all 4 indexes. Although S&P 500 now has a confirmed warning phase, it is a weak phase change since the slope on the 50 DMA is positive. NASDAQ 100 is still in a bullish phase and Russell …