Not sure I would consider today’s relatively meager rally a bottom, rather, more of a potential launching pad should the market hold up going into Thursday.
Clearly, there remains a lot of vulnerability in the indices not to mention uncertainty …
aAs the Phase turns or as I have written earlier this week, once the cycles begin the points of deterioration, in this case, simple physics-things in motion stay in motion-we get, well, what we saw during Tuesday’s session.
With NASDAQ …
As lots of damage was done last week, coming into this week, there were many reasons to expect therelief rally that Monday brought forth.
First, on a short-term basis, the relative strength indicators showed oversold conditions. Secondly, the Russell 2000s …
Many of my readers have attended at least one of the webinars we do on market phases. I begin each one the same way-talking about the cycle of EVERYTHING in nature, including the markets. I further comment that not understanding …
Wednesday night I wrote, “Watch Retail, the Financial plus Regional Banking sectors to take the lead. Then, follow that money trail. If they don’t cut it-could be the first “real” sign that the market needs a serious correction.”
Real alright, …
Typical to see a market bull run (like the one we have had since 2013) in anticipation of an improving economy, only to see the market sell off or run out of steam once the evidence emerges to support that …
The information I wrote last night concerning buying dips with certain confirmations in place, I hope was useful in tracking the small caps or Russell 2000s during Tuesday’s session. If nothing else, it might have prevented you from selling on …
From a “student of the market” perspective, this is truly an incredibly fascinating summer market. From a“trader’s” perspective, this is somewhat agonizing and certainly a test of one’s resolve in one’s trading system type of market.
The most difficult market …
Let’s start with the obvious observation from last week. The Russell 2000s could not confirm back to bullish and wound up closing out the week in a warning phase, marginally holding onto the 200 DMA. As the market internals remain …
The interest rates firmed as I suspected they might and wrote/tweeted about which for now, helped thefinancial sector and impacted gold, which I also wrote about.
No, not crowing-just trying to follow the bouncing ball! My very intelligent partner, Geoff …