All indices except NASDAQ 100 (QQQ) changed phases from strong warning to distribution. We like a 2 day confirmation of phase changes, but more importantly is the break beneath the 200 DMA. Is it possible for this week to bring …
Rallies met with selling do not bottoms make. On the other hand, after all the awful news this week, market continues to hold the last swing lows. And so May ends-indecisive with mixed internals. Tough trading yet great learning for …
Rallies met with selling do not bottoms make. On the other hand, after all the awful news this week, market continues to hold the last swing lows. And so May ends-indecisive with mixed internals. Tough trading yet great learning for …
Tuesday turned out to be a rally to resistance which was a concern but clearly not a certainty until Wednesday U.S. traders awoke to the big gap lower. So what happens now? Since the rally did nothing to abate the …
Tuesday turned out to be a rally to resistance which was a concern but clearly not a certainty until Wednesday U.S. traders awoke to the big gap lower. So what happens now? Since the rally did nothing to abate the …
After inside days and a long weekend, good start to market with the gap higher, a gap which held throughout the day. One could also say that the possible basing action is now more probable, with a move to test …
After inside days and a long weekend, good start to market with the gap higher, a gap which held throughout the day. One could also say that the possible basing action is now more probable, with a move to test …
The market managed to close out the week as crystal unclear. Is it basing at important support levels? Will the recent support turn into resistance? Naturally and not unexpectedly, 3 out of 4 indices had inside days on Friday.
S&P …
The market managed to close out the week as crystal unclear. Is it basing at important support levels? Will the recent support turn into resistance? Naturally and not unexpectedly, 3 out of 4 indices had inside days on Friday.
S&P …
Good basing action in the market with anticipation that Friday, ahead of a holiday, could be quiet. The indexes are testing the fast moving averages. I would not be so bold to say the worst is over, but at least …
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