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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, …
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This morning was ugly. The three indexes with inside days (S&P 500, Nasdaq and Russell 2000) gapped below the range of their inside days. The Dow Jones Industrial Average (DIA) fared the worst with a gap below the 50 DMA, …
Rather than following the recent pattern of testing support in the morning and then grinding higher, the four major indexes found support in the morning and then spent the day chopping sideways. There are inside days in Nasdaq (QQQ), the …