Low volume digestion day with the Jewish New Year and ahead of all the potential storms-Syria, the Fed, Jobs report. Nasdaq remains the solo index in a bullish phase, but with the inclining slope of the 50 DMA in the …
Guess what I’m happy to report? No, it’s not that biotechnology continues to rock and roll making new highs yet again (although that is not too shabby considering I have been on top of that group forever!) And it’s not …
S&P 500 managed a close in the green and above 164.35 which was a resistance level coming into Tuesday, until it became a support level end of day. However, the phase remains in warning, albeit, weak warning. The market reacted …
Hi everyone! I am back from a long and wondrous break. First, big shout out to Geoff Bysshe and Matt Mullins for filling in for me so exquisitely. Thank you so very much!
Now, the market-ahh, the market. Before I …
This is beginning to look better! However, my guard is still up and we can’t get complacent. The indexeshave held up well since Tuesday’s alarming drop, and are beginning to test higher levels. The Russell 2000 (IWM) and the S&P …
All four of the major indexes closed higher than yesterday’s close, although not very impressively. Recent support was held in the Russell 2000 (IWM) and the S&P 500 (SPY). However, both indexes were unable to clear the key levels that …
Today’s market action was very concerning on both a technical and fundamental level. The four major indexes gapped lower this morning, spurred on by fears of the escalating situation in Syria. Crude (UCO)prices jumped and the United States Oil Fund …
Today seemed unremarkable, but was actually a rather healthy and necessary digestion day in the major indexes. Nasdaq (QQQ) actually made a multi-year high today, but closed near the opening price. The most volatile moment came shortly after US Secretary …
After Thursday’s strange day, today was a great way to finish off the week. The Nasdaq (QQQ)gapped higher this morning and spent the day consolidating at higher levels. The S&P 500 (SPY)confirmed its bull phase. The Russell 2000 (IWM) looks …
Today was a very strange. Of course the most noteworthy event today was Nasdaq’s technical problems which halted trading for 3 hours, practically bringing the market to a standstill while people waited for Nasdaq to get their system running again. …