Low volume and great price action ended the week, clearing the May 29th high in S&P 500 and in the DJ Industrial Average ETFs handily. However, the Russell 2000 and NASDAQ did not. Since I like the trading bubble yet …
Friday Quote: I had a stick of CareFree gum, but it didn't work. I felt pretty good while I was blowing that bubble, but as soon as the gum lost its flavor, I was back to pondering my mortality.
Mitch …
Friday Quote: I had a stick of CareFree gum, but it didn't work. I felt pretty good while I was blowing that bubble, but as soon as the gum lost its flavor, I was back to pondering my mortality.
Mitch …
More noise, more volatility, more market remains at a midpoint- in a warning phase, still vulnerable, yet with the longer term uptrend intact. Russell 2000 and Small Caps make the trip back to Distribution Phases.
S&P 500 (SPY) Held the …
More noise, more volatility, more market remains at a midpoint- in a warning phase, still vulnerable, yet with the longer term uptrend intact. Russell 2000 and Small Caps make the trip back to Distribution Phases.
S&P 500 (SPY) Held the …
The fast moving averages were next up as support and all held. After a lot of buzz concerning the bearish engulfing patterns that developed Monday, the relevance of those patterns matter mainly if they occur at swing highs or lows. …
The fast moving averages were next up as support and all held. After a lot of buzz concerning the bearish engulfing patterns that developed Monday, the relevance of those patterns matter mainly if they occur at swing highs or lows. …
Indeed Friday caught us by surprise-because it defied logic based on the technical analysis we do each and every day. So, although not happy about a 140 point drop, at least in the Vulcan world of trading, logic is restored. …
Indeed Friday caught us by surprise-because it defied logic based on the technical analysis we do each and every day. So, although not happy about a 140 point drop, at least in the Vulcan world of trading, logic is restored. …
Admittedly, Friday took us by surprise. We began with a negative bias, but even when it became obvious that the market would firm, we stood by. The 200 daily moving averages remain intact. Although volume was light, the broader market …
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