…
…
There is nothing surprising about digestion at these levels after a huge move down followed by a sizeable gap up. Energy, Biotechnology and Retail prevailed while Financials and Semiconductors dragged. Divergence in sectors and technicals.
SPY: There is an island …
When going gets tough rules a must
…
Hopefully shorts did not have a Tryptophan high from the turkey leftovers coming into today. After all, a 5% drop in a week-you got to expect a rally. Also, 7 is a magic number up or down in a row; …
Back to bear phase with some hopeful signs
…
Will the focus remain on Europe and their sketchy situation? Is it possible with the plethora of economic data due out this week for the US, the market can redirect its emphasis? Can any economic indicators yield end of year …
The Holiday Markets: Markets close at 1:00 on Friday. This will likely result in a flurry of trading in the morning and then very light volume trading after about 11:30.
SPY, QQQ, DIA, IWM: The market watch 4 are all …
The Holiday Markets: Wednesday is a likely to be light trading in the morning and very think in the afternoon as traders leave early for the Thursday holiday. Friday the markets close at 1:00 so it is not a good …