Prepared by Geoff Bysshe, President of MarketGauge, filling in for Mish for Until December 13th.
Better than expected jobs data led to a gap higher, but worse than expected sentiment data, Fiscal Cliff banter, and AAPL made it difficult for …
Inside day in all the indexes except NASDAQ only because it took out prior day low by 2 cents. The technical picture is exciting. With the indexes slowly but surely improving phases (S&P 500 went to an unconfirmed bullish phase), …
Low risk is the main thing
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Does the market need AAPL? Maybe, best answer. Although S&P 500 had a range expansion and good day, it still failed to cross above the 50 DMA for a positive phase change. Russell 2000 held the 50 DMA once again, …
Pointed out many swing trades-are you writing and keeping a plan?
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Another low volume drift with the most significant phase change in the DOW with the confirmed distribution. Also significant is that NASDAQ held onto the 200 DMA keeping the warning phase intact and Russell 2000 or the small caps held …
Good time to have a plan for next move up or down
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Last week Russell 2000 improved to a bull phase, while S&P 500, NASDAQ had yet to catch up. The DOW, never got close , barely hanging onto a warning phase, which with the start of the week, deteriorated back to …
Lots depends on the EFTs and how they act
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Inside day to end the week just shy of an improved phase change to bullish in S&P 500. Inside day in Russell 2000 which confirmed the bullish phase. NASDAQ confirms the warning phase, again with an inside day and the …