S&P 500 followed through after the brick wall highs Wednesday, never really enjoying an intraday rally and closing in the middle of the intraday range. NASDAQ tested and traded around the 50 DMA. The DOW tested Wednesday's low then retreated …
The indexes are still in bullish phases but with strong reversal patterns in play
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Well, rip your face off alright, only now market looks more like Phantom of the Opera! Even though the FED in division is no real surprise as they could not support low rates forever and, the dollar firming has spooked …
With indexes extended, stock picking and narrower timeframes appropos
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Is there a more creative way to say drift and grind? That is the theme from last week. At the end of the day, S&P 500 and NASDAQ went sideways, Russells firmed a bit and the DOW lagged. The indexes …
Yet another quiet session punctuated with some very robust moves in the oil services and energy sectors. S&P 500 continues its drift down, grind up action. Russell 2000 continues its grind to new highs. The Dow continues its sideways bounce …
Following the hotter sectors and groups makes most sense
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Quiet session with divergence as all but the DOW close green and only marginally at that. S&P did not close in the bottom 25% of the intraday range after making new highs; nor did NASDAQ or the Russells. In fact, …
A thorough looksee of where the sectors and groups are too
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Creeping back into overbought conditions, the S&P 500 continues its sort of bizarre looking sideways with moments of upside, overall incline. NASDAQ is holding the top of its one month consolidation, although without much cooperation from AAPL, turning out to …