Tomorrow the boys are back in town. The FED boys that is. Volatility has come in at an important inflection point in NASDAQ (QQQ). Today, the Russells (IWM) made a new 60-day high and closed in the red. Iran is …
The NASDAQ did indeed manage to end last week at the top of the weekly bar in spite of naysayers andGoogle. It even spent most of Friday in consolidation thereby working off overbought conditions. A casual observation about mankind and …
After the market, GOOG reported weak and got hit hard. But, were there clues? Yes. The week of January 6th, GOOG ran to new all time highs and closed on the lows that week. Then, it began the following week …
Did the market hear me or was it just obvious that the doldrums would come to an end and move in the direction of the phase with just a little more patience? Thank you market for giving us volume, follow …
I don't know about you all, but for me, these types of days are really hard to deal with. I like to be "active", see volume, get follow through and after gaps, trade what we call Opening Range Reversals. But, …
Standard and Poor's gave everyone something to write about over the weekend with their EU Downgrades wreaking some havoc on Friday in the market. And once a market creeps up on low volume, there is never any great surprise when …
I'm not sure what's harder-trying to come up with something new and clever to write every night, or staying awake long enough to write anything!
S &P 500 (SPY) Had an accumulation day in volume (amazing, huh?). Some people see …
S&P 500 (SPY) and Russells 2000 (IWM) now have 2 days confirmed on a breakaway gap over the 200 DMA. Major issue for many investors is the lack of volume which is causing anxiety as many are waiting for the …
The narrowest range day in the Russells 2000 (IWM) in 194 days. Plus, it closed on the 200 DMA with light volume and an RSI- approaching but not quite, overbought. Now in an unconfirmed Accumulation day and first close over …
Earnings Season has begun with the best post market performer at time of writing Cirrus Logic (CRUS) a semiconductor. And speaking of Semiconductors (SMH) that ETF although still lacking in pizzazz, did manage to close above last week's high with …