Nice to see some of the sector and groups in the green-real estate, energy, homebuilders, semiconductors, transportation, financials. Retail struggling still. Now perhaps the indexes can finally cross the fast moving averages. That is what we will be watching for. …
How do I use your service?
…
The market began the month and quarter testing the fast moving averages then retreating. Whereas the market internals in the S&P 500 turned positive in the short term, NASDAQ 100 turned slightly negative. The overall trend remains bullish, volume patterns …
What to look at now both short and long
…
Nagging 4th distribution day in volume ending the month in NASDAQ 100 and S&P 500. That looks to be saying the market wants lower after the Thursday bounce that could not reach the fast moving averages. But, QQQ and IWM …
And right on cue, a rally to resistance as none of the indexes were able to test or clear the fast moving averages. But certainly, in the face of some anemic economic numbers, they did indeed bounce off the lows-and, …
When market hits bottom of an unexpected trading range, some tips
…
I took the day off from trading. As such, Icould step back a bit and digest the last several days. The fact that the drop happened quickly (over the last couple of days) is concerning but, the drop is into …
Nasty yet an oversold 2-day Relative strength indicator in many instruments. Also, a distribution day in volume. The weekly and monthly RSIs are not oversold. More important, is that AAPLdropped precipitously and GOOG might have had a key reversal today. …
While market internals continue to work off negative short term indicators, some guidelines
…