I read somewhere that it’s been over 20 years since the S&P 500 futures came within spitting distance to a new 52-week high while NASDAQ got hit with its worst loss in a year.
Regardless whether that statistic is completely …
Rolling Stones
The image that comes to mind after Thursday’s session is one from the 2009 Kentucky Derby when a small New Mexican horse named Mine that Bird, went off at 50:1 and won by fearlessly galloping along the rail. …
Song: Aretha Franklin
The S&P 500 closed on new highs for 2014 along with the Dow! Now the question on everyone’s mind-is this for real?
After all, 2-3 times so far this year, it looked like a melt-up coming, only …
Quote: William Shakespeare King Lear
If this weren’t April Fool’s Day, I would say the end of day rally was a fool’s game. However, fools are just that-fools, so they cannot possibly control all the salient factors in play.
First, …
Quote: Mark Twain
Yes, it’s true that volume on Monday’s up move was meager compared to the selloff last week. It’s also true that the small caps regained the 50 DMA for an unconfirmed phase change back to bullish.
Equally …
Quote: Louis Hector Berlioz
Last week ended exactly as one would expect-leaving both the bulls and the bears apprehensive.
After all, looking back at the action, the S&P 500 sold off yet held the 50 DMA. NASDAQ remains weak failing …
Perhaps, Perhaps, Perhaps Songwriter Joe Davis plus
Perhaps S&P 500 holding the 50 DMA is a sign that the worst for this week is over. Perhaps, it just means the short shooters show up at the end of the week, …
Back on March 4th, the small caps Russell 2000s had a huge surge in volume-triple the daily average. I welcome you to go back and review the ensuing daily emails as I began to write about the volume indicator and …
Quote by Victor Hugo
NASDAQ did its part to defend the 50 DMA, ending the day with an inside day, unconfirmed phase change to bullish. The market tone in the S&P 500 remains negative, but SPY also had an inside …
Although I went away from the market for 7 trading days, it seems I’m looking right at the same prices (give or take) and the same analysis as though time did not pass at all.
Incidentally, thank you Mathew Mullins …
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