By the time S&P 500 (SPY) gets to the major support at the 50 Day Moving Average, it will be sufficiently oversold. Unless it breaks the 50 DMA for a couple of days and the slope of that moving average …
Last week ended lower than the week prior. But stepping back, the market is still really close to the multi-year highs. That suggests that not only is the current bull phase alive and well, but also that fundamental and technical …
Not much green, not even my beloved TBT (Ultrashort Lehman 20+ Year Treasuries) as it was "everybody out of the pool." And, we wrote about those reversal patterns in the indexes from the highs enough to not be surprised or …
Finally, the FED did exactly what seemed fairly obvious which in turn scared off some longs in commodities, firming the TBT (Ultrashort Lehman 20+ Year Treasuries), which you know we have been looking at for the bottom for months now. …
S&P 500 (SPY) like the Dow (DIA) took out their last swing highs and then closed well indeed, but backed off end of day just enough to keep the weaker longs cautious. NASDAQ 100 (QQQ) and Russell 2000 (IWM) did …
And so the month ends with the best first quarter performance since 1998. 1998 had drama for sure. The Russian ruble crisis resulted in a collapse of Long-term Capital Management (LTCM). In October 1998, the company was rescued, but only …
The Dow (DIA), S&P 500 (SPY) and Russell 2000 (IWM) all recovered from the gap lower to close in much better shape. However, we remain tempered in enthusiasm as the quarter ends because all ran up to resistance at the …
If the market is "Hungry Like a Wolf", it managed to scare the livestock off, but with how much collateral damage? Second distribution day in volume in the last 2 weeks, but no real major volume to speak of. With …
NASDAQ 100 is becoming the "Boy Who Cried Wolf," with today's new multi-year high, close on the intraday low pattern we see once a week these days. Ok, so some sheep are nervous and rightfully so. Most of this rally …