Tonight’s evening watch was prepared by Geoff Bysshe.
As IWM stayed stuck under its 200 DMA, the QQQ, SPY and DIA all drifted higher in steady and uneventful trading.
The SPY closed right on its 50 DMA and at the …
Tonight’s evening watch was prepared by Keith Schneider.
The divergence in the market continued today. As IWM under performed and staying under the 200 DMA in a distribution phase. The QQQ’s on the other hand show real strength today as …
I do see the possibility that the rates have bottomed. Maybe this isn’t the exact tick of the bottom, but the breadth or strength of the move in TLTs is waning.
Therefore, one has to keep thoughts on the fallout …
Have a great rest of August everyone!
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Although great to see some follow through after the outstanding conclusion of last week considering the week began looking like an abyss, not much happened according to current phases in the indices.
So, here’s the rub-is this a triple bottom …
It's all about risk!
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Last Thursday night I checked the market before going to bed, saw it was down 12 handles, poured myself a nightcap, then tried hard to sleep fitfully to no avail.
Lo and behold, I awake Friday morning to see that …
Fact is the toughest market to trade is one that is subject to geopolitical news. The fear that ebbs and flows as rumors which might become substantiated facts-might-create more gyrations then a belly dancer after imbibing two cups of Turkish …
Where the indices are in the cycle and whats next
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Not sure I would consider today’s relatively meager rally a bottom, rather, more of a potential launching pad should the market hold up going into Thursday.
Clearly, there remains a lot of vulnerability in the indices not to mention uncertainty …