Monday, Emini S&Pcontinuous contract @ES, closed above the 200 DMA. Tuesday, S&P 500 (SPY) did on low volume. DOW (DIA) and Russell 2000 (IWM) did not and still have a distance to go to test it. NASDAQ 100 (QQQ) is …
Always important, even more so during in-between phases
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The Emini S&P continuous contract@ES, closed above the 200 DMA. S&P 500(SPY), DOW (DIA) and Russell 2000(IWM) did not. NASDAQ 100 (QQQ) held the 200 DMA and continues to look like our best bet to watch for next direction-lead or …
Keep those itchy buy fingers at your sides for now
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All indices except NASDAQ 100 (QQQ) changed phases from strong warning to distribution. We like a 2 day confirmation of phase changes, but more importantly is the break beneath the 200 DMA. Is it possible for this week to bring …
Rallies met with selling do not bottoms make. On the other hand, after all the awful news this week, market continues to hold the last swing lows. And so May ends-indecisive with mixed internals. Tough trading yet great learning for …
Use of the 5 Minute Opening Range
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Tuesday turned out to be a rally to resistance which was a concern but clearly not a certainty until Wednesday U.S. traders awoke to the big gap lower. So what happens now? Since the rally did nothing to abate the …
Also-Tips on Which Stocks to Watch for Possible Longs
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After inside days and a long weekend, good start to market with the gap higher, a gap which held throughout the day. One could also say that the possible basing action is now more probable, with a move to test …