Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until February 11th.
Today was the opposite of Friday. Later comer bulls could be feeling trapped by the gap down to start the day virtually under the Friday …
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Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until February 11th.
The market is breaking all kinds of long standing records - new heights, biggest moves for the month of January, equity fund cash inflows, and …
The market followed through to the downside as the correction from the highs part deux. Volume is light. Critical support is still holding and the overbought conditions are abating. Friday could be interesting as the unemployment numbers will be out …
Where to look for longs and shorts
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A red close all around with Russell 2000s finally giving it up under the fast moving average, while NASDAQ, although under pressure, outperforming the rest of the indexes. I have been writing about the S&P 500 and its near term …
Looking at our indicators, S&P 500 long term remains in great shape yet still shows shorter term as overdone. NASDAQ shows longer term not as strong as SPY, but on the shorter-term, moderately positive. Another classic day of dips as …
Also how the sector rotation has worked in energy and oil
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Although the market internals are weakening to some degree, the volume and action is so uninspiring right now for both the bears and bulls. Therefore, this is also a good time to keep eyes on the sector and group rotation …
Also, preparing for a correction
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