From an older issue of the daily, here are the 4 signs of a top once again 1. Blow off rally with huge volume, 2. Slingshot patterns, 3. Island tops or, 4. Two or more tops made at resistance areas. …
All over the news: Market closes just shy of the 2007 high. Is that the finish line? Since the market has literally traveled straight up to get there, be prepared for one of four possibilities. One: We get there; take …
I am not sure who is more tired-at the highs-but tired: the market or me. When a runner hits the wall during a marathon, the choice is to stop or keep going, but at a really slow pace. The Dow …
After the warning on the small caps yesterday, for a while on Tuesday, it seemed like the market was in for a big correction. But, keeping with the Russell 2000, it closed down marginally but with a doji day which …
At least the run at the end of last week did not look like a blow off rally! In fact, it was surprisingly orderly. The jobs report was icing on the cake, but more importantly, what does the strong dollar, …
The big news is that the small caps, Russell 2000s, closed on new all-time highs! As did the Dow! And as I wrote earlier this week, with the new found euphoria, overbought conditions were not as important as they might …
Dow makes another new high but on pretty light volume and without the cooperation of NASDAQ. Is AAPL the culprit there or is the market once again, in for another major rotation of the industry groups? The Russell 2000 or …
Dow closes in triple digits and on new highs! So, if we piece it all together: the bull phase, the correction that maintained the phase, the first to negate bearish candles near the highs, the strength of many of the …
Well look at that- S&P 500 cleared the nasty candle high from 2/28-in fact, one week ago today! However, the Russell 2000 could not nor NASDAQ. The Dow, on the other hand, which has a very different looking chart, looks …
Hard to be too upset with anyone right now. And honestly, not great state of mind for objective trading anyway! The nagging candles at the recent highs are still in sight, but that's the rub-they are in sight and not …