The last time we saw an orange paint bar denoting a distribution phase or one in which the price trades beneath a stacked 50 and 200 day moving average, was right before Labor Day weekend 2010. And if we go …
On gap lower, especially ones under FTPs and S1 works great
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A very welcomed trading day today with the gap higher, follow-through and an opportunity take profits long the way with very little pain. But where does that leave us now? SPY closed up 1.3% but without an Accumulation day in …
Some nice setups on those that held thru the correction
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We had better than average volume today, which considering SPY was marginally up, could be perceived as a good sign. But let's not confuse this with an Accumulation day in volume. QQQ closed unchanged with light volume. And of course …
The market's decline has been steady and calm. For me this is bearish action. The Q's and IWM's are near their 200-day MA, and by a number of measures - RSI, McClellan, up/down volume, etc. we are near oversold levels, …
Using the OR reversals off highs/lows and watching pivot stacks
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In an attempt not to state the obvious, lots of damage done on Friday with SPY down 1.42% and another alarming Distribution day in volume. We anticipated lower prices due to the accelerated warning phase; however, the rapid decline on …
Today, if you were prepared with a plan to focus on a couple of stocks and ETF's that were oversold and had short-term trading patterns, the oversold condition that we talked about yesterday gave you, at the very least, good …
Until slope of the 50 DMA turns up with good volume, indicators still warning
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