Go ahead and celebrate an amazing end to the week and month (we sure did), then, come with me into volume world. No doubt, the recent rally has been fueled by the sectors I have been writing about since 2012 …
Hope traders had their seatbelts on and fastened. A historical day in U.S. history and a day where a trading plan was even more paramount than usual. Most interesting pattern to note on all indexes (except NASDAQ 100) is that …
Rolling with the strong on good days, the weak on bad ones
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Low volume rally and right to the fast moving average in S&P 500, NASDAQ 100, and the Dow Jones Industrial Average or the "spring rate" from my shock absorber analogy Tuesday. Only Russell 2000 (the one that hung onto the …
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The market is wearing shock absorbers. The 200 Daily Moving Average appears to be the cushion while it traverses on uneven roads. Since shock absorbers also have springs meant to dampen spring oscillations, we will call the fast moving average …
Current Market Phase and Longs/Shorts
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Week began with the wolf not grandmother considering the gap lower and consequential follow through. The 200 DMA back in the S&P 500 midst, Russell 2000 upon it and NASDAQ once again, the best hope that current levels hold as …
Good time to learn how to buy when you want to be short
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Last week ended with low volume and inside days in the indexes. Also noteworthy is that all but the Russell 2000 closed inside and in the lower part of the substantial trading range from Thursday. Russell 2000 fared better, closing …