After the big drop last week, Thursday and Friday’s action formed what could become a new base or launch pad as I like to say. Plus, the S&P 500 and the Dow had inside days as well. Basically, two possible …
Not Even Japan’s 7% Drop Could Scare Our Bulls.
Wednesday all 4 stock indexes experienced one of the ugliest reversal days the markets have seen in years. Then overnight, Japan’s equities sunk 7% due to weak economic data in China. …
Our tell, the Small Caps or Russell 2000, had a historical day (the whole market really, but let’s focus on that one). After an inside day, it opened unchanged, took out Tuesday’s high; then after what is nearly laughable contradictory …
From ETFs to Stocks-What to look for
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Most notable for Tuesday is that the Small Caps or Russell 2000 had an inside day (when the range of the day, high to low, is within the range of the day before). This interprets as a pause, which I …
5 setups and what to do and not to do
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Monday began with a low volume marginal correction in the indexes and a clear rotation into energy and oil plus a short covering rally in gold. The dollar lost some of its recent strength which certainly helped fuel this rotation …
Also, a look at the Nuggets List
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It didn’t take long to get the answers to our questions concerning how well the market would take a round of lukewarm economic data or whether or not the US dollar would correct and rates rise. Friday made yet another …
Last two days were profit taking opportunities for many longs that were deep in the money. That doesn’t mean one should not be holding onto core positions as today’s “red” day was more of a welcomed respite than a “top”. …