Overall, if this was a correction, not too severe, especially considering how well AAPL AMZN CELG and IBM did-3 leaders. Of course, lots of small tech stocks rallied, but look at what needed to lead and did-SMH, XLK, IBB. And …
QQQ overbought and could not soar through September high 57.35. Definitely the top of the summer/fall range, but with QQQ and SPY both having an accumulation in volume, market searching for other clues as well. CELG failed the 2010 high …
Lots of stocks with inside days after a day of digestion on super low volume around critical levels. Note that QQQ did get an Accumulation day in volume although considerably under the average daily. Once again, some weaker sectors/groups and …
A US bank holiday typically results in low volume. The return of the Asian Market and some good news coming from Europe certainly helped a lot. But what about price, phase and slope? Price-The high of the September rally is …
Distribution Day in Volume in 2 key indices SPY and QQQ. However, SPY held the 200 weekly moving average (IWM as well although closed the weakest) making it possible that that the market digested and tested support. After a decent …
Unconfirmed phase change in QQQ to recovery, volume patterns all around still uninspiring, slope on 50 DMA more negative, all but SPY back in channel, price-in middle of range from August low to August high. Yet bears have been squeezed …
My list of finding tops/bottoms not in order of importance per se: Price, candle patterns, channel formations, volume, alignment and slope of moving averages (phase and strength/weakness of phase) and a bit of fundamentals (although living in a technical bubble …
Do I think that the good news from our manufacturing sector expanding had anything to do with today's rally in the last 30 minutes? No. But, I would like to point out a couple of tidbits I tweeted today. One …
Two bits of good news, the ISM, Economic activity in the manufacturing sector expanded in September for the 26th consecutive month, and the overall economy grew for the 28th consecutive month. The PMI registered 51.6 percent, an increase of 1 …
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