At the risk of stating the obvious, last week was highly unusual. Looking deeper, what can we assess from a market that went from threatening to break the 200 day moving averages at the beginning of the week to ending …
One thing I'm happy to be wrong about is the decreasing volume as we get closer to the holiday weekend. SPY closed up .9% with an accumulation day in volume. The other big news is that the slope on the …
QQQ ended up 1.5% and as expected, with lighter volume than yesterday. It got through 55.50 with the next resistance up at the lows made on May 25 at 56.47 and beyond that the 50 day moving average. I still …
SPY closed up .9% and rallied a little bit more immediately after the market closed based on good earnings at Nike. But, volume was extremely light and I anticipate it will stay that way ahead of the holiday weekend. Looking …
SPY had an inside day closing near the lower end of the range yet holding the 200 day moving average. The volume was light, typical of a Friday. If it can hold Friday's low 126.62, the 200 day moving average …
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