As the week and month, one thought (ok two) comes to mind. First, if the small caps or Russell 2000 gap up over the highs, consider it a runaway gap. Second, if the Financial sector holds the 50 DMA, could …
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Plus looking out next moves
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A fascinating dichotomy between sideways action in the indices (with the exception of the Russell 2000) which made and closed on new highs) and the Volatility index which also firmed.
Typically digestion days will shrink the volatility. That begs the …
3 out of the 4 indices posted an inside day on this mainly noisy Tuesday. The Russell’s, S&P 500, and theDow all held Monday’s lows nor penetrated Monday’s highs. NASDAQ ticked 2 cents under Monday’s low but held it by …
That and adding to a position rules
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Remember our discussion about melt ups, tops and ignoring logic? It surely seems like we are in the midst of a melt up, but not necessarily the making of a top until we see some VOLUME!
Not a huge fan …
Always wish we were longer on big moves, but we had a head start
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Worthy time digestion rather than price correction with choppy conditions and low volume to end the week.
The Dow closed with an inside day (DIA) marginally under the 50 DMA for an unconfirmed weak warning phase.
Homebuilders cleared a 2 …
“Henceforth, we need to see confirmation Thursday and with increasing volatility.” Two reasons I am quoting myself from last night’s daily. One, because I really do love the word “henceforth.” Secondly, because the concept of “confirmation” and “increasing volatility” is …