Use the daily chart of your instrument, along with the sector and index
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The gap higher and ensuing follow-through during Friday's session on low volume suggests that the intact bull phase, although tested earlier in the week, prevails. But alas, with not that much interest. At least, not yet anyway. The several attempts …
We got through the FED, now the EU-that leavesUS unemployment numbers and then perhaps we can more clearly determine whether the last 4 down days are the end of summer fun, or another buy opportunity.
Subs: All pivots are negative …
Even on tough days, a road map is essential
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Dow closes at 12,977 after everyone celebrated 13,000 last week.FED said nothing new, but why should they do anything now? Furthermore, there is nothing new about the incredible divergence we see. Been singing that tune for months! So, what's changed? …
Even with FED meeting, these condition 1 stocks are a main focus
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For now, while we await the FED meeting to yield anything tangible other than the usual rhetoric, the market is telling us that the recent rally was to resistance, and even with the positive phase, euphoric calls for new highs …
Signals to look for and a bit on slingshots
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Signals to look for and a bit on slingshots
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Appreciated the respite after last week's roller coaster ride. And, makes sense with a FED meeting coming up next couple of days. The respite also points towards positive digestion of the recent move considering the bull phase and good accumulation …