Watch for an email that invites you to attend my end-of-year Live Webinar called Phases and Forecasts, scheduled December 29th at 12:30 EST! Everything I write about everyday: Phase, Slope, Volume, Chart Patterns, etc. will be reviewed in detail, along …
The Market's a Wonderland!
Today, the wonder was in the Ultrashort Lehman 20+ Year Treasuries (TBT). Rates made new lows this week; turned around yesterday and then today, opened firm in the face of index weakness. Rates stayed firm the …
After yesterdays' selloff, even on the heels of today's rally, we can put the island bottom to bed. We can also put the oversold condition to bed. But, we do now have a return to an unconfirmed recovery phase in …
Market going through a midlife something-I do not want to write the "C" word. Although, I am compelled to say SPY back in a Bear Phase.
SPY: 121.00 is the top of the candle from 11/29 before the gap higher …
Seeing a lot of oversold indications on the 2-Day RSIs as NASDAQ (QQQ) and Midcaps (IWM) as both indices fill gaps to negate an island bottom whilst S & P 500 (SPY) did not. Volume was lighter than yesterday's. The …
FOMC and Market Disappointment
Today reminds me of an anxious child (the market) anticipating some great big surprise (From the FED) and when it doesn't happen (No Policy Change), throwing a bit of a tantrum (The Selloff). But, does that …
Looking at the S & P 500 (SPY) chart, the important number to hold is the upwardly sloping 50 DMA. That would keep the island bottom and phase intact. Furthermore, the monthly moving average comes in right there as well.…
"Sarkozy smiling as he leaves the EU meeting." Twitter entry last Friday. He must have known that NASDQ would end the week with a Golden Cross and its 4th Accumulation Day in volume. Now, everything is lined up-the moving averages, …
And just like that, no more overbought conditions in the indexes! While the EU dance around with one another, let's look at my favorite indicators:
SPY: Bye bye 200 DMA for now. Hello the Exponential Moving Average. No change of …
4 Accumulation Days in volume and a close above the illustrious 200 DMA in S & P 500. Officially overbought on the 2-Day RSI but not on the weekly or monthly. Midcaps (IWM) on the other hand, had a distribution …
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Bullish or Bearish? Granny Retail vs Granddad Russell:
Critical Market Levels You Must Watch
May 22, 2026
