Inside, low volume day in S&P 500 (SPY) and Russell 2000 (IWM). NASDAQ (QQQ) breaks Friday's low by 2 cents intraday, closing just about unchanged.
S&P 500 (SPY) Has to clear the July 21st low (134.88) the only nagging concern …
On July 7th, S&P 500 made an island top, then after a substantial dump, ran back up to 134.82 on July 21st which was the last gasp before the selloff to 110. I begin with this information since these legendary …
No seriously, last February 2nd was an inside day in S&P 500 and so was today?? I mentioned the Groundhog Day theory more in jest last night but with history repeating itself so handily; perhaps it's worth rewriting what ensued …
We did not have to wait very long for the answer to last night's question after the Golden Cross-digestion and rally or game over? We love instant gratification, especially when positioned on the right side of the trend. Tomorrow the …
Now that there is the official Golden Cross in the S&P 500 (SPY), we also have to note the two distribution days in volume (a lower close on higher volume than on the preceding day). Furthermore, the volume is light-below …
Seems the market forgot to have its morning cup of joe since it began weak and then proceeded to drift higher with no real gusto. No bloodbath nor "in your face bears" type rally...milquetoast at best. Neither committed sellers nor …
NASDAQ (QQQ) has a pattern worth paying close attention to. New highs Wednesday, followed by a bearish engulfing pattern on Thursday ending with an inside day on Friday. Volume patterns indicate 4 Accumulation days over the last 2 weeks. Yes, …
There is sure a case for the reversal in NASDAQ (QQQ) based on the new high tick on the open followed by the escalator down to almost but not quite Wednesday's low. We all see the bearish engulfing candle pattern. …
I have been consistently friendly to the market since the year began. I write everyday about how the phases are positive, the volume is light with the occasional accumulation days thrown in, major sectors have been leading and other former …
The market held its breath today. That gave it time to digest and work off some overbought conditions while all sat in wait for AAPL earnings. Most noteworthy was my favorite index Russells 2000 (IWM). Beautiful bullish engulfing pattern candle …