How investors will few FED and the indices ahead of short week
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The market responded well to what sounded like double talk to me. Fed: “We can stimulate to improve the employment number without spiking inflation” The other Fed: “We will begin weighing options to raise rates, pull back stimulus.”
We all …
Light, wide and patient
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The small caps look terminal but, they are holding the key point of reversal from May 15th and if Tuesday typifies the 2014 action, Wednesday, we might see an up day-even possibly a move to the 200 DMA and beyond.…
Wide Stops and Sticking to Plan
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Turnaround Monday but selectively, concentrated in certain NASDAQ stocks such as TSLA, NFLX, TRIPadvisor to name a few.
NASDAQ itself breached the 50 DMA to close with an unconfirmed bullish phase. Anxiety certainly dissipates when the leaders that have been …
What to look for if market is good here
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Actually not a bad ending to last week with both the weaker indices NASDAQ and Russell 2000s (confirmed reversal candle after Thursday’s rough start) one small push away from taking out the overhead moving averages (QQQ in better shape). S&P …
I for one, am thankful for Thursday’s action, other than having to endure tweets by all the “smart” analysts who “knew” this was coming, even though most were merely “talking” the divergence train and not so clear about what it …
Fascinating look at the levels/gauging strength/weakness
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