This is what a bullish market is made of-gap lower, rally throughout the day, close higher. And, although volume was light (and has been) pricewise, the S&P 500 and the Russell 2000s now look potentially explosive! What would change that? …
Market appeared to be waiting for something fresh to go on-and nothing tangible emerged. Therefore, this day was more healthy digestion with no major damage done. Furthermore, the Russell 2000, which has been leading, now has 2 inside days in …
Low volume week but strong finish pricewise. The trend is clearly intact in the S&P 500. In the NASDAQ, again, in spite of AAPL's weakness, it closed near the highs. And the small caps ended with an inside day, which …
The financial sector resumed the lead and my dear friend semiconductors (if you follow the ETFs I write about, you know I have tracked this carefully), also busted out. One last little nagging indicator would like to see join the …
Call it lack of fresh news, breath holding now that earnings has begun, a market in digestion near the highs-your guess is as good as mine-but today was choppy with some great performers and others totally weak. It's that kind …
S&P 500 remains in correction mode holding the January 2nd low at this point. Somewhat of a distribution day in volume although overall, volume is under the average daily. NASDAQ although down, performed better. The gap up from January 2nd …
Good news is that despite the down day in the indexes, all held last Friday's lows. As I suspected the tone for the week would be set with today's action, will modify that statement to a degree. Indeed longs should …
The week ended with digression. S&P 500, Russell 2000 and the Dow closed well proving time is just as valid as price correction. NASDAQ however, mainly thanks to AAPL, closed weak although to its benefit, managed to hold the January …
The FED showed some true colors in its internal dissention on keeping quantitative easing in place. For quite some time now, we have talked about these low rates as unsustainable. This is why I have bought TBTs on weakness and …
Happy New Year! Some confirmed phase changes to mention: S&P 500 back to a bullish phase. NASDAQ back to an accumulation phase-clearing the last swing high. The Dow back to bullish and Russell 2000 has been bullish but now has …