Hardly the same drama as on May 22nd given the daily trading range or average daily volume, the S&P 500did indeed signal a possible new reversal candle by the close of Tuesday’s session. Same with the Russell 2000s, but not …
Long live the new boy King born on the day of the Super Moon! His historical birthday will also be noted as a new high close in the S&P 500. Could it be the new and all-time high? Of course …
“Let’s think stable and close the week on a high note.” Last sentence from last week’s daily. And so I begin with thanks! The Dow made the new all-time high last Thursday and managed to stay well within its grasp …
Although the S&P 500 and the Dow (DIA) cleared the 2013 highs intraday to make new highs, they both ultimately closed beneath those numbers. DIA had had a high of 155.44. Thursday’s high was 155.74 with a closing price of …
Regarding the search for confirmation on whether or not Tuesday yielded any reversal patterns-keep searching. As choppy as the market was before, during and after Ben Bernanke’s testimony, ultimately, the day closed green and none of the indexes gave an …
In Monday night’s daily, I wrote about Biotechnology and how we were on watch for the possibility of akey reversal day after Friday’s double the average blow off rally. Tuesday, a classic second indication of possible reversal in play occurred …
By all accounts a good digestion day. Financials continued to shine on the heels of strong earnings in that sector. Retail made new highs once again and transportation made up for some its lag from last week.Rates dropped, the dollar …
Tell your children to train for jobs in Biotechnology, if appropriate, since that seems to be the place to be for innovation and long positions. IBB, the ETF for that sector closed up 2.46%. Otherwise, Friday was a healthy digestion …
A market in momentum, right? Breaking News-“Dow and S&P 500 finish at record highs as investors hope Fed will continue stimulus; Dow adds 171 points, S&P up 1.4%.” It’s been awhile since I’ve written about the technical bubble-but let’s revisit. …
Whether the FED indecision is the culprit or not, the session on Wednesday seemed like a game of Jacks-also known as Knucklebones. The winner (profitable trader) is the first player to successfully complete a prescribed series of throws (trades), which, …