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Today seemed unremarkable, but was actually a rather healthy and necessary digestion day in the major indexes. Nasdaq (QQQ) actually made a multi-year high today, but closed near the opening price. The most volatile moment came shortly after US Secretary …
After Thursday’s strange day, today was a great way to finish off the week. The Nasdaq (QQQ)gapped higher this morning and spent the day consolidating at higher levels. The S&P 500 (SPY)confirmed its bull phase. The Russell 2000 (IWM) looks …
Today was a very strange. Of course the most noteworthy event today was Nasdaq’s technical problems which halted trading for 3 hours, practically bringing the market to a standstill while people waited for Nasdaq to get their system running again. …
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Today was a very volatile day, due to the release of the FED meeting minutes and the uncertainty regarding the indexes. The four major indexes are currently in very vulnerable positions. Tomorrow, I will closely watch the Russell 2000 (IWM) …
The market opened this morning with nearly all of us watching the indexes. I was asking myself, “Can SPYand IWM clear the 50 DMA? Or will they fail, leaving only Nasdaq in a bullish phase?” It seemed like an important …
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Testing and failing is an apt way to describe today’s action. The morning began with the S & P 500 andRussell 2000 tenuously holding the 50 Day Moving Average. The indexes held during the initial test of the 50 DMA, …