How can one argue with new highs in S&P 500 even on a slow, low volume doji day? How can one argue with NASDAQ holding the fast moving average? Although Russell 2000 did not clear 2012 high, it is really, …
A churning market and some basic rules to review
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Even lighter volume than Monday in the S&P 500with the bounce in price. Plus, it posted an inside day trading range.AAPL dragged down NASDAQ ahead of the new iPhone release. Dow Jones (DIA) made a new high, but closed under …
When signals are mixed, how to determine overall phase, timeframe of trade and proper risk
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Well, perhaps the Rodney Dangerfield quote was timelier than I even imagined! After testing the last swing high in S&P 500 from 2008 before the huge downturn, the late day selloff could have a short-term impact, which means, a correction …
Regardless, here are some guidelines for managing existing and finding new trades
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Low volume but positive end to a week that took the market out of the doldrums and into new 4 -year high territory. Other than the typical market corrections and digestions that occur, barring any unforeseen disasters, this rally has …
Sunny skies ahead indeed! And I hope you had your No-Doze in hand. Accumulation Day in volume-but not enough to think blow off rally. Tomorrow could be some digestion, but overall, any correction is a buy opportunity especially for those …
Before, during and after compression
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All I can say is don't fall asleep. Once this market wakes up, it will make a big move up or down from its current range. Considering the bull phase and the consolidation near the highs, right now-that points to …