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Let's talk phases! S&P 500 remains in a strong warning phase although it tested the 50 DMA. The Dow goes into an unconfirmed strong warning phase, making the 200 an important pivotal area at week's end. Russell 2000 goes to …
After the big move, if not long, this trade reduces risk big time
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The reason I have been so focused on the phase changes and moving averages is for exactly what we saw in Tuesday's market action. When the DOW regressed in phase on Monday and NASDAQ failed to improve its phase Monday …
Internals Bullish Although Somewhat Overbought
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With a lot of anxiety lurking, from fiscal cliffs to European concerns, market held its own with both S&P 500 and DOW putting in inside days. NASDAQ and Russell 2000 fared better, both ending above Friday's high. Noteworthy is that …
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 …