Happily, the Russell 2000s closed above the 50 DMA for an unconfirmed bullish phase. Marginally. We are also now looking to see if the interest rates might get a bit of a pullback-will the TLTs break 114.60 area?
We did …
Impressive and not so impressive-the market paradox that has prevailed in this Year of the Horse! I have my red bracelet on every day since January 1st!
The Russell 2000s could not close above the 50 DMA after spending most …
Perhaps the market overdosed on Ritalin this weekend since the focus during Monday’s tight range with 3 out of the 4 indices putting in inside days (when the range of the day trades within the range of the day prior) …
If I had to come up with a specific diagnose for Wall Street using some the categories setup by the Department of Education for classifying “special needs” children, it would be Other Health Impaired or Attention Deficit Disorder.
I mean …
When one reads about the horror man inflicts upon man and then all piled up in the course of one day, the business of money-is, well just that-business-not life itself.
Today, we must step back and put a few things …
Having deja vu all over again, the small caps or Russell 2000s travel to their own beat, breaking under the 50 DMA for an unconfirmed warning phase for the 4th time this year. Furthermore, that happened on better than average …
The big news on Tuesday (which wound up living up to its turnaround status and not in a good way): Janet Yellen and her market commentary specifics about how overvalued Biotechnology Technology and Social Mediaare.
I’m no savant of everything …
An interesting surprise to begin the week with the market shrugging off any geopolitical or European banking issues and going the way of the World Cup looking for a goal!
I find value in examining the consistent indicators I watch, …
With the end of last week and for consistency’s sake, I’d like to review 3 indicators.
Semiconductors-they held the 10 DMA but failed to close above 50.53 which was the ultimate game changer from the topping pattern put in place …
My favorite sector has been semiconductors for nearly 3 years now. I haven’t been shy about it. In fact, I have been quite vocal (in written and tweet form) and my loyal readers can testify to that.
Why do I …