Sometimes, you either have to pass on breakouts/downs as best trade or adjust risk
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I took a short break and apparently, so did the market by the look of things. S&P 500 (SPY) closed with a nearly perfect DOJI day. NASDAQ 100 (QQQ) closed nearly unchanged from Friday. Russell 2000 (IWM) had an inside …
Today's report has been prepared by Geoff so Mish could take a much deserved long weekend...
Basically unchanged for the week!
If you look at the 3 of the 4 stock indexes - SPY, QQQ, and DIA they ended right …
Well, well, well, Welcome to Scenario 3! The one where the S&P 500 (SPY) gaps higher and closes higher leaving a potential bottom on the recent correction, as well as closing above the fast moving average. Looking at the whole …
A detailed look at how a phase resumes
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Last night, I wrote up 3 possible scenarios. 1. Watch for a return move over the high of the gap down day to follow up. 2. Keep a cash position until the market tests a major moving average (such as …
Still mixed, but the overall trend appears to be emerging
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One never knows a top is in place until it confirms. So, even though we had the bearish candle in S&P 500 (SPY), followed by the 2 inside days, followed by the break of the range and now, the gap …
Whether it's day, mini or swing, the strategies are consistent
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After the 2 inside days, S&P 500 (SPY) broke the lows and closed just beneath the fast moving average, first time since January 31st. Certainly merits respect, but is only one layer of analysis. The phase remains bullish. There is …