Here is how perverse one’s mind can be-it almost seemed like Monday’s action was positive-after all; it came back from the intraday lows, got above Friday’s lows in the Dowand other indexes, with decent volume. But then, end of day, …
Friday was a nap after the dramatic action of the week. The phase change to warning confirmed in all (alas) indexes except the small caps which closed marginally over the 50 Daily Moving Average, therefore going back to an unconfirmed …
“The 3rd time the SPY sees the 50 DMA won’t be a charm theory” What I have been tweeting and writing about, came to fruition big time with the gap lower and nary a bounce intraday with the eventual close …
So what happened? The FED said they would not take away the bond buying program until theunemployment numbers drop to 6.5%. They also said the economy is improving and that they could start to taper the easing in 2014. Then, …
Welcome to the continuation of the pre-Federal Reserve Meeting Week! After Monday’s action which began by exhibiting characteristics of a split personality, Tuesday the patient clearly visited a therapist and found some sanity with rates dropping some and the market …
Welcome to pre-Federal Reserve Meeting Week! Monday’s action begins exhibiting characteristics of a split personality. On the one hand there’s the gap higher over fast moving averages with the Dow closing up 109 which suggests that Ben and the boys/girls …
Prepared by Matt Mullins, MarketGauge Trader, filling in for Mish for Until Monday.
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After yesterday’s impressive rally over the 10 DMA in three of the four major indices, Friday was spent digesting these higher levels. The 50 day …
After yesterday’s drop to the 50 day simple moving average, the bell rung this morning in a very uncertain environment. All eyes were on the 50 DMA, as we asked ourselves “Is the fifty going to hold and make a …
Interesting how attractive a major moving average can be as far as drawing an instrument to drop or rally to it. Such is the case with the S&P 500. After the Real Estate Exchange Traded Fund illustrated how an instrument …