After yesterday, AAPL GOOG BIDU and even AMZN did some catching up with technology (both biotech and computer tech) remaining firm and retail, firm but mixed. Energy took a nap along with transportation, metals and financials. Unless there is a …
Wow! After a bank downgrade, central banks unite and away we go. Island bottoms, which were confirmed yesterday, now looking like a possible game changer (with a little help from our friends.)
SPY: Great to see volume and a phase …
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 …
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; …
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 …
“Break Up to Make Up, that’s all we do. First you love me then you hate me…” Game for fools? No-a market for either the extremely committed and patient or highly skilled and nimble.
Distribution Day in Volume. Third one …
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 …
A couple of notable features today. First, the inside day in QQQ and DIA- not the major breadth of the market, but noteworthy nonetheless since GOOG and AMZN held well. Second, the volume- - lightest it's been in months. Finally, …
MMMDaily Readers: Will continue to highlight how I use the top/down analysis that you see every day in the overall market and sectors/groups to give my subscribers specific stock recommendations with entries, risks and targets. Exact guidance, exact strategies, exact …
Interestingly enough, there is US economic data to make a case for the market to hold (jobless claims fall, earnings for 3rd quarter ok). But with European worries and other economic data that suggest otherwise, a case for weakness exists …
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