Market went out exactly as one would expect after an historical run up: quiet and basically unchanged. Except for Biotechnology which continues to make new highs, the other stronger sectors took a breather-Retail and Real Estate both had inside days. …
As one who always had a penchant for the strong, silent type, today's market filled that bill! Low volume run to another new high in the S&P 500 and Dow (better volume there). NASDAQ still has yet to challenge 2012 …
Whoomp! (There it Is). New highs in the Dow, S&P 500, neither with any blow-off volume although all had accumulation days (higher volume than the preceding day with a close in the green.) NASDAQ got to 70.00 but still has …
Whereas the Dow took out the recent highs to close on new highs, the S&P 500 had its highest close on April 2nd, so although it crossed that level on an intraday basis, it failed to close on new highs. …
Oh happy day if you are bullish, which certainly makes sense even given last week's decline as both the S&P 500 and the Dow never violated the bullish phases. And now, the Russell 2000 cleared the 50 DMA reestablishing the …
The week ended with a great divide. Some might say, a Continental Divide! The S&P 500 and the Dow maintained their bullish phases. In fact, the initial gap lower turned out to be a great buy opportunity in multiple instruments. …
A constructive session given some more bad economic data and North Korea in the headlines. Friday's job report, I will venture to speculate, is already factored in for worse rather than unchanged or better. Therefore, the surprise could be on …
Ha! When I read back what I wrote last night about John Q. Public, then look at today's action, I realize why the public tends to lose-they get in too late and out too early! But really, the market hates …
Lots of traders, myself included, have spent the last 1-2 years using the small caps (IWM) as the major barometer of health/weakness of the overall market. Twitter has had a plethora of warning tweets about the concern in this index …
Quiet session volume wise, but some of our concerns expressed last week, namely overall weakness in certain key areas, gave the market a red day after last Thursday's exciting close. The only sector of the major ones I write about …