Inside day in S & P 500, NASDQ and almost Russells (took out prior day low by a few ticks). Placement of the inside day especially in SPY most fascinating-tickling the 200 Daily Moving Average. Did not do enough correcting …
But wait... bank intervention followed by a review for a downgrade in Europe? New intraday highs followed by new intraday lows. Feeling your strings pulled? S & P 500 dropped her handkerchief in front of the 200 DMA; then when …
What truly amazes me is where the S & P 500 (SPY) ended. After the 10th biggest winning week since 1950, you'd think there would be some clarity. But NO! S &P had to close with a crap shoot chart. …
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 …
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Bullish or Bearish? Granny Retail vs Granddad Russell:
Critical Market Levels You Must Watch
May 22, 2026
