But wait...bank intervention followed by a review for a downgrade in Europe? New intraday highs followed by new intraday lows. Feeling your strings pulled? S & P 500 dropped her handkerchief in front of the 200 DMA; then when traders …
What truly amazes me is where the S & P 500 (SPY) ended. After the 10th biggest winning week since 1950, you'd think there would be some clarity. But NO! S &P had to close with a crap shoot chart. …
After yesterday, AAPL GOOG BIDU and even AMZN did some catching up with technology (both biotech and computer tech) remaining firm and retail, firm but mixed. Energy took a nap along withtransportation, metals and financials. Unless there is a startling …
Wow! After a bank downgrade, central banks unite and away we go. Island bottoms, which were confirmed yesterday, now looking like a possible game changer (with a little help from our friends.)
SPY: Great to see volume and a phase …
There is nothing surprising about digestion at these levels after a huge move down followed by a sizeable gap up. Energy, Biotechnology and Retail prevailed while Financials and Semiconductors dragged. Divergence in sectors and technicals.
SPY: There is an island …
Hopefully shorts did not have a Tryptophan high from the turkey leftovers coming into today. After all, a 5% drop in a week-you got to expect a rally. Also, 7 is a magic number up or down in a row; …
Will the focus remain on Europe and their sketchy situation? Is it possible with the plethora of economic data due out this week for the US, the market can redirect its emphasis? Can any economic indicators yield end of year …
The Holiday Markets: Markets close at 1:00 on Friday. This will likely result in a flurry of trading in the morning and then very light volume trading after about 11:30.
SPY, QQQ, DIA, IWM: The market watch 4 are all …
The Holiday Markets: Wednesday is a likely to be light trading in the morning and very think in the afternoon as traders leave early for the Thursday holiday. Friday the markets close at 1:00 so it is not a good …