Trends to watch as year ends and we enter the new one
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Seeing a lot of oversold indications on the 2-Day RSIs as NASDAQ (QQQ) and Midcaps (IWM) as both indices fill gaps to negate an island bottom whilst S & P 500 (SPY) did not. Volume was lighter than yesterday's. The …
The Short Side
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Today reminds me of an anxious child (the market) anticipating some great big surprise (From the FED) and when it doesn't happen (No Policy Change), throwing a bit of a tantrum (The Selloff). But, does that child remember the tantrum …
Consistency Most Important Aspect
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Looking at the S & P 500 (SPY) chart, the important number to hold is the upwardly sloping 50 DMA at 122.73. That would keep the island bottom and phase intact. Furthermore, the 80 monthly moving average comes in right …
Daytrading and Tight Stops Safest
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"Sarkozy smiling as he leaves the EU meeting." Twitter entry last Friday. He must have known that NASDQ would end the week with a Golden Cross and its 4th Accumulation Day in volume. Now, everything is lined up-the moving averages, …
And just like that, no more overbought conditions in the indexes! While the EU dance around with one another, let's look at my favorite indicators:
SPY: Bye bye 200 DMA for now. Hello the Exponential Moving Average. No change of …
How I use it as another layer to determine featured pick v. Honorable Mention
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