Friday was a nap after the dramatic action of the week. The phase change to warning confirmed in all (alas) indexes except the small caps which closed marginally over the 50 Daily Moving Average, therefore going back to an unconfirmed …
“The 3rd time the SPY sees the 50 DMA won’t be a charm theory” What I have been tweeting and writing about, came to fruition big time with the gap lower and nary a bounce intraday with the eventual close …
Time to examine new short setups and instrument that could go counter
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So what happened? The FED said they would not take away the bond buying program until theunemployment numbers drop to 6.5%. They also said the economy is improving and that they could start to taper the easing in 2014. Then, …
All depending upon the next monetary policy mixed with technical factors
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Welcome to the continuation of the pre-Federal Reserve Meeting Week! After Monday’s action which began by exhibiting characteristics of a split personality, Tuesday the patient clearly visited a therapist and found some sanity with rates dropping some and the market …
Yet another review of the 80 monthly moving average, phase changes and slingshots
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Welcome to pre-Federal Reserve Meeting Week! Monday’s action begins exhibiting characteristics of a split personality. On the one hand there’s the gap higher over fast moving averages with the Dow closing up 109 which suggests that Ben and the boys/girls …
Using the setups I've been reviewing, how to distinguish the timeframe of your trades
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Prepared by Matt Mullins, MarketGauge Trader, filling in for Mish for Until Monday.
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After yesterday’s impressive rally over the 10 DMA in three of the four major indices, Friday was spent digesting these higher levels. The 50 day …