A fascinating dichotomy between sideways action in the indices (with the exception of the Russell 2000) which made and closed on new highs) and the Volatility index which also firmed.
Typically digestion days will shrink the volatility. That begs the …
3 out of the 4 indices posted an inside day on this mainly noisy Tuesday. The Russell’s, S&P 500, and theDow all held Monday’s lows nor penetrated Monday’s highs. NASDAQ ticked 2 cents under Monday’s low but held it by …
Remember our discussion about melt ups, tops and ignoring logic? It surely seems like we are in the midst of a melt up, but not necessarily the making of a top until we see some VOLUME!
Not a huge fan …
Worthy time digestion rather than price correction with choppy conditions and low volume to end the week.
The Dow closed with an inside day (DIA) marginally under the 50 DMA for an unconfirmed weak warning phase.
Homebuilders cleared a 2 …
“Henceforth, we need to see confirmation Thursday and with increasing volatility.” Two reasons I am quoting myself from last night’s daily. One, because I really do love the word “henceforth.” Secondly, because the concept of “confirmation” and “increasing volatility” is …
Goodness, be careful what you wish for right? I wished for drama. Thanks, I think!
Earlier this week we talked about tops. We mentioned that tops are as dramatic as bottoms. They need volumefor starters. Then, they have to have …
First, I would like to offer congratulations to the Retail ETF that finally made it over the 200 DMA creating an unconfirmed phase change to warning! I also have to give a high five to NASDAQ, Biotechnology andSemiconductors, once again …
As the East Coast of the US snaps up local hardware store’s supply of Ice Melt, Wall Street prepares for a Melt Up!
With last week’s stunning conclusion on ok but not amazing volume, irrational exuberance has yet to show …
The big news: Russell 2000 or small caps crossed and held the 50 DMA, going into an unconfirmed phase change to bullish. S&P 500 after a tricky beginning, held. NASDAQ made a new 2014 high. The only hold out-the Dow, …
In the continuing saga of the Dow and the Russell 2000s, they remain in warning phases. NASDAQ made new 2014 highs early on, ten closed just below it although once again, eked out a new high close.
The S&P 500 …