Looking to follow strength rather than buying weakness was the right advice/strategy as the week begins. We didn't quite see an accumulation in volume in S&P 500, but price action is significant in that it begins our acceleration from the …
The week ended with devastating news and our hearts and prayers go out to the families in Connecticut. The week also ended with no resolution to avert a fiscal cliff which was reflected in the 2-day correction. S&P 500 held …
Profit taking certainly dominated the tone of the day. But, one must discern the difference between profit taking and move over. Carefully studying phases, NASDAQ certainly did its part to spook investors on the long side. After the death cross, …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until December 13th.
"Beware of profit taking" was my closing sentence yesterday and today it's where I start in preparation for tomorrow.
The Fed had a lot to …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until December 13th.
Wednesday the Fed is expected to announce its replacement plan for the soon ending Operation Twist. Today's run up suggested the market is getting more …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until December 13th.
There were some nice moves in our individual stock selections but the indexes were very quiet. As a result subs will find today's stock selections …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until December 13th.
Better than expected jobs data led to a gap higher, but worse than expected sentiment data, Fiscal Cliff banter, and AAPL made it difficult for …
Inside day in all the indexes except NASDAQ only because it took out prior day low by 2 cents. The technical picture is exciting. With the indexes slowly but surely improving phases (S&P 500 went to an unconfirmed bullish phase), …
Does the market need AAPL? Maybe, best answer. Although S&P 500 had a range expansion and good day, it still failed to cross above the 50 DMA for a positive phase change. Russell 2000 held the 50 DMA once again, …
Another low volume drift with the most significant phase change in the DOW with the confirmed distribution. Also significant is that NASDAQ held onto the 200 DMA keeping the warning phase intact and Russell 2000 or the small caps held …