Alot will depend on what the indexes do
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After a consolidating session pre-Thanksgiving, post-holiday saw a gap higher and excellent follow-through. Apart from the gains in the indexes with NASDAQ percentagewise, the biggest gainer, the major sectors and groups firmed as well, although with divergence important to note. …
Here's why
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All in all good consolidation. S&P 500 performed best closing over last week's high in the final moments. Nice to see a confirmed change to a strong warning phase which means, back over the 200 DMA, well below the 50 …
Add tensions in Middle east, Fiscal Cliff and Thanksgiving Holiday for expected chop
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S&P 500 led the session-gapping up and rallying in a controlled fashion throughout the session. The volume was good, clearly not at Friday levels, but just under average. Most important is that it cleared the 200 DMA. The other 3 …
In depth weigh in on internal health which matters
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Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until November 19th.
The oversold conditions finally provided some relief for the bulls on Friday. There was also a little help from news out of Washington. Together these …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until November 19th.
The QQQ's weekly RSI is now at a level not seen since the dark days of the 2008 collapse. The biggest difference this time is …
Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until November 19th.
The After 3 days of attempting to hold the SPY's at the 200 DMA the bulls gave up today. Apparently, after the FOMC minutes were …