After breakaway gaps, low volume and inside days in SPY and IWM, today filled the gap which takes wind of the sails of the last move up. Not a confirmed phase change from Accumulation to Recovery in SPY until there …
Not unexpectedly, all the indexes had low volume, narrow ranges with inside days. SPY ran 18% from its peak low October 4th to the high made on October 27th . The other 4 times this occurred, (single month rallies of …
Midcaps (IWM) had the highest percentage gain of all the indexes. Speaks to layering in to the mix, the positive earnings season in mid and smaller cap stocks. Following the positive volume patterns as well as the slope of the …
Read on twitter today that besides the leading stocks, 70% of the S & P 500 stocks have had good earnings in the 3rd quarter. That explains a lot of the divergence traders are experiencing. Again I preface this with …
Earnings season has not been kind to the leading stocks AAPL IBM and now AMZN. Let's not even talk about NFLX-that fall from grace happened quite some time ago. The recent run, which came to a screeching halt today, was …
A couple of caveats remain. First, is volume. Conflicting signals in that QQQ has had a good amount of accumulation days (had one today) as does SPY (did not have one today), but, the volume remains under the daily average …
Friday could be the classic close that cleared the recent congestion in SPY with a fourth accumulation day in volume under its belt over the last 2 weeks. Cleared the 80 monthly and 160 Exponential moving averages. That makes 121.30 …
Once again, volume (lack of) made buying breakouts and selling breakdowns treacherous especially after the inside day yesterday, which usually signals a directional day to follow. SPY had an accumulation day in volume although still well under the daily average. …
Inside day in all indexes including in a couple of sectors/groups IYT (Transportation) and EWZ (Brazil). SPY QQQ etc all had lower volume so no troubling patterns there. Generally, traders follow the range break of an inside day.
The leaders …
Now 5th Accumulation day in volume in QQQ. It also tested the 200 DMA and held. All the leaders were down, creating yet another divergence on this rally. AAPL earnings disappoint. SPY managed an accumulation as well and since Friday, …
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Bullish or Bearish? Granny Retail vs Granddad Russell:
Critical Market Levels You Must Watch
May 22, 2026
