Today was just what the bull market needed – consolidation in the leading indexes and strength in the broader market. While the Q’s struggled to move higher, the IWM climbed without any sign of a pull back. The IWM closed …
Four doji’s pretty much sums up the market today – undecided. SPY, DIA, QQQ, and IWM all opened higher, tried to continue and then fell back to test prior day’s support levels.
While the indecisive intra-day price action may not …
If the markets are in a melt up phase then one day of rest is all they need to move higher. The SPY got it's rest day on Friday. The QQQ refused to close lower, but it too spent the …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for until September 2nd.
Running On Fumes
All The FOMC minutes drove the markets from their highs for the day to their lows of the day, but that was …
Tonight’s evening watch was prepared by Geoff Bysshe.
As IWM stayed stuck under its 200 DMA, the QQQ, SPY and DIA all drifted higher in steady and uneventful trading.
The SPY closed right on its 50 DMA and at the …
Tonight’s evening watch was prepared by Keith Schneider.
The divergence in the market continued today. As IWM under performed and staying under the 200 DMA in a distribution phase. The QQQ’s on the other hand show real strength today as …
I do see the possibility that the rates have bottomed. Maybe this isn’t the exact tick of the bottom, but the breadth or strength of the move in TLTs is waning.
Therefore, one has to keep thoughts on the fallout …
Although great to see some follow through after the outstanding conclusion of last week considering the week began looking like an abyss, not much happened according to current phases in the indices.
So, here’s the rub-is this a triple bottom …
Last Thursday night I checked the market before going to bed, saw it was down 12 handles, poured myself a nightcap, then tried hard to sleep fitfully to no avail.
Lo and behold, I awake Friday morning to see that …
Fact is the toughest market to trade is one that is subject to geopolitical news. The fear that ebbs and flows as rumors which might become substantiated facts-might-create more gyrations then a belly dancer after imbibing two cups of Turkish …