If you stayed one step ahead during Thursday’s session, most likely you stood on the sidelines and watched the digestion at these levels. Except in NASDAQ, this digested while making new highs. That brings me comfort even though there are …
Ever since the Labor Department reported the lowest participation rate in employment since 1978 followed up by a weaker than expected retail sales last week-it seemed clear that buying the bull phase and the comments I’ve been making about the …
The market took a giant pause-ok-poetic license-with inside days (when the range of the day is literally inside the range of the day prior) in the S&P 500, NASDAQ and Russell 2000s. The Dow nearly had one, but took out …
Folks at home will hear the reports that the Dow closed up 118 after trading much higher intraday. It closed very close to the intraday lows, but also held the gap way better than any of the other indexes did. …
Rather docile, slow grinding rally to end an already strong week. Some equivocation by the “experts” on whether or not the FED will taper given the tepid retail sales number. Whatever, the Dow continued to firm, along with the small …
I really do not want to see what I have been writing about all week come to fruition. The Dow as the laggard catching up with its move over the 50 DMA (confirming a bullish phase) as the other indices …
The index that went up the most during Wednesday’s session for a second day in a row is DIA or the Dow Industrials. I once again begin with this factoid as A) DIA had been the laggard B) with the …
The index that went up the most during Tuesday’s satisfying session percentagewise is DIA or the Dow Industrials. I begin with this factoid as A) DIA has been the laggard B) Even with the move up today, it remains the …
Impressive day as the market found relief from good numbers out of China and a seemingly more willing to cooperate, Assad. But, aside from the news and fundamental factors, looking strictly at the technical situation, I wrote last week that …
Wait, was it Friday the 13th? Oh right, Friday the 13th is THIS coming Friday! It sure felt like a day filled with goblins and ghouls as the market opened better with the jobs report, tanked with Putin’s hawkish remarks, …