Other than a lot of divergence with commodities leading and Biotechnology, Real Estate andTransportation lagging, the overall indexes were rather unremarkable.
S&P 500 (SPY) Closed right around the May 2011 high. Volume on par with Friday. Not too much new-no …
Great for confirmation or no confirmation
…
Leading the market analysis with AAPL once again. The giant neither confirmed a possible reversal from last week's blow off run nor negated it, closing right in the middle of uncertainty.
NASDAQ (QQQ) closed with an inside day-indecisive. S&P 500 …
AAPL held the fast moving average, but still has the reversal candle looming and will confirm the reversal if it gaps and closes lower than today's low. Conversely, it will negate it if closes above the body of Wednesday's candle …
Where we may find the next big moves
…
An old friend who owned AAPL stock since $100 called me and said I am getting out today once it traded $525 with a sell stop at $517. He is not a professional trader and has ignored many "TV" analysts …
Still is a stock pickers market
…
Roses Have Thorns
S&P 500 (SPY) The 10 DMA still a good place to now hold.
Russell 2000 (IWM) Through 82.10 back in the game. 81.00 big support to hold.
NASDQ (QQQ) Another strong closing price (new high in a …
Expected with overbought internals and support areas tested
…
Nearly gained back the loss from Friday in S&P 500, but until it takes out the July high 135.70, with today's DOJI (opening and closing price virtually the same), still more of a hesitation at these levels, especially since the …