All the four indices had inside day trading ranges (when the range is literally inside the trading range of the day prior). What does this mean? Pause in the action-breath held before the jobs report-you do realize every jobs report …
Full analysis of what to watch and why
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Let’s begin with NASDAQ as I voted for that index as the one most likely to succeed if cleared Tuesday’s high. Not a random vote; rather, one based on its price placement on the daily chart coming into Wednesday’s session. …
The good and the bad
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I wouldn’t call it extraordinary volume, but volume did come in on the S&P 500, Dow and NASDAQ giving them all a distribution day. However, the small caps or Russell 2000s, which tipped us off on this correction, not only …
And now, a razor focus on a few good setups
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As the week began we had 2 technical patterns on our minds. First, the possible reversal candles in the indices from last Friday. Second, the volume as a main feature to show which way this market would go in the …
Carefully laid out plans
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After the low volume Thanksgiving Holiday week, I’m expecting the week to kick off with an exciting surge in volume coming into the market. Black Friday and Cyber Monday will certainly stimulate the retail sector(XRT) and should create several fresh …
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