Market acted like a good little bull-pausing as it nears resistance yet with no real harm done. Sector rotation continues as well with Semiconductors back under pressure and Homebuilders the big winner. Financial sector doing well and after commenting on …
Important to keep in the winners. Also teaching you to track the sector rotations.
…
The gap and follow through today put all 4 major indexes over their 10-day moving averages, but also into significant daily resistance levels. DIA and QQQ had accumulation days, but volume was not impressive. After the move up of the …
Using a combo of mini to swing trading, taking advantage of the shift
…
Ok. Back into bullish phases in all but NASDAQ, which remains in its current weak warning phase. Volume did not support the rally as far as an accumulation indicator and the fast moving averages remain overhead hurdles. However, with Monday …
At an inflection point, we are long and waiting for confirmation to add
…
The Dow Jones ticks were like watching a tennis match between Venus and Serena William. We have this really cool indicator that lights up when a phase is changing. DIA flashed warning, bullish, warning, bullish, warning, finally ending with the …
Let's review how the 3 scenarios did:
3 scenarios to watch for: 1. SPY holds the 50 DMA and breaks above 10/10 high with accumulation in volume. (Yes, no, no) 2. Ditto in DIA and/or IWM 3. (Yes, no, no) …
Still need volume confirmation, but controlled plan in bull phase ok
…
Here we are at the 50 DMA in S&P 500, Russell 2000 and Dow Jones. NASDAQ through it, but after a big volume flush Tuesday, is now on watch for a possible reversal through Wednesday's high. Otherwise, a test of …