Market appeared to be waiting for something fresh to go on-and nothing tangible emerged. Therefore, this day was more healthy digestion with no major damage done. Furthermore, the Russell 2000, which has been leading, now has 2 inside days in …
How the 3 major timeframes paint a whole picture
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Low volume week but strong finish pricewise. The trend is clearly intact in the S&P 500. In the NASDAQ, again, in spite of AAPL's weakness, it closed near the highs. And the small caps ended with an inside day, which …
The financial sector resumed the lead and my dear friend semiconductors (if you follow the ETFs I write about, you know I have tracked this carefully), also busted out. One last little nagging indicator would like to see join the …
If probing or confirming, this should help
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Call it lack of fresh news, breath holding now that earnings has begun, a market in digestion near the highs-your guess is as good as mine-but today was choppy with some great performers and others totally weak. It's that kind …
And using swing versus miniswing rules
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S&P 500 remains in correction mode holding the January 2nd low at this point. Somewhat of a distribution day in volume although overall, volume is under the average daily. NASDAQ although down, performed better. The gap up from January 2nd …
2 or more days of negative FTPS and we use OR's and R1 if risk is in line
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Good news is that despite the down day in the indexes, all held last Friday's lows. As I suspected the tone for the week would be set with today's action, will modify that statement to a degree. Indeed longs should …