Back to bear phase with some hopeful signs
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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 …
By Geoff Bysshe, substituting for Mish until 11/28
SPY: Options expiration Friday left the SPY's with an inside day at the bottom of a big down day prior, sitting on the support of the up-sloped 50-day MA, and the lows …
SPY: Big volume down day that broke below a very significant daily wedge pattern and multi-week lows. The market has been choppy of the last several weeks and options expire today so it could be choppy, but this is a …
SPY: Phase and slope unchanged. 4-5 days over a 2-week period of distribution days and volume patterns begin to favor the bears (We have had 3). 122.80 next support. Above 127 would look good.
QQQ: I have been writing about …
Plus looking at setups going forward
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After the lightest volume since before the summer, volume stayed light but improved from yesterday making this an accumulation day. SPY broke yesterday's high and low and closed higher. QQQ, even better-never took out yesterday's low and closed higher (not …