SPY Fundamentally mixed concerns/hopes. Greece, Italy, in fact all of Europe concern. FED doing something grand, hope. Technically, as we saw low volume on the way up, such was the case today on the late day drop. Could not get …
SPY Gapped lower and then held the 10 DMA later filling the gap left from Friday's low, closing just beneath. Volume super light again which is not surprising ahead of the FOMC. Can now see either 115 or 123 as …
Last week I wrote about "Operation Twist" a Fed tool used in 1961. Friday, Reuters did an article about that and other FED options. I am no economist, but that option resonated with me. Here's a direct quote from a …
SPY If this week's closing price is above the downgrade week's closing price, maybe, just maybe we can begin to look at some of the S & P 500 stocks that have gotten hit hard. But for now, we can …
SPY This rally pre FED meeting was completely in line with the expectations I wrote about on Monday evening. Question now is how much more? After all, looking at the big picture, this is still a low volume (Accumulation day …
Next Federal Open Market Committee (FOMC) meeting on Sept. 20-21. Been doing some research and found an interesting strategy used in 1961. The FED did "Operation Twist," which means they sold short-term securities while buying longer-term debt. The goal was …
SPY In the last 2 weeks since my vacation, there have been 3 accumulation days and 2 distribution days in volume. One of the distribution days was Friday, the only day of the last 2 weeks that beat the daily …
SPY Technically, the closing price during NY hours was positive and the volume posted an Accumulation day although still under the daily average. In the eminis 1200 now pivotal. Since the McClellan entered overbought territory, possible to see a break …
SPY Nice orderly rally today. Gapped higher, held R1 and took off on an opening range breakout. Volume super light-a concern for the rally sustainability in the long run, but for now, looks like resistance at 125.50 and then 127. …
SPY Yes an Accumulation day in volume and an impressive bounce after the Bernanke speech. But, could not take out last Thursdays' high and closed slightly above the adaptive moving average and below 120.08, the barometer closing price the week …