Not the first time we have seen a correction through time rather than price in the overall market. That scenario generally follows a low volume environment exactly as the one we have been in currently-active investors and HFTs main participants …
As positive as the market looked coming into this week and as positive as it may continue to look heading into the lazy, hazy days of summer, if there is one lesson to be learned from 2014-this is not 2013 …
If you followed the rotation as I pointed out the day before each one happened, you not only had a profitable week-you reduced your stress level and more importantly, sighed relief that a market that has been dubbed as “Rigged” …
Good things come in small, tidy packages and Thursday the package arrived in the form of a 66-year old man from Italy and President of the European Central Bank -Mario Draghi.
That made not only our rotation of sectors call …
All things considered, the market tied itself up into a tidy little bullish looking package on Wednesday with the expected follow through in the certain sectors we have been focused on.
The bow the package needs and now most encouraging …
If you are thinking the word “resiliency” then you are on the same page as the market. The Russell 2000s held the 200 DMA after beginning the session with convincing weakness; however, they have stayed firmly in awarning phase. NASDAQ, …
Let’s examine how the expected “rotation” transpired in the market as this week began using the notes I wrote coming into Monday:
NO-The Russell 2000s have to sit right here and really, go no further south side. (It went further …
When one watches as many instruments as I do, on choppy end of month-end of week days such as the one we saw last Friday, one can go a bit mad analyzing the divergences and reason on why this one …
Looks like the market is singing Stairway to Heaven-but the temptation to use the stairway up, elevator downphrase is way too tempting so instead I will write, day 3 of follow through in the S&P 500 breakaway gap pattern!
Isn’t …
S&P 500 confirmed the breakaway gap with a relatively healthy digestion day-shown perfectly with a doji candle if you are a fan of Japanese Candlesticks. That’s SPY.
NASDAQ, not to scare anyone, could have posted a reversal candle only the …