SPY had an accumulation day in volume, the first time since May 31. Plus, it held the 200 day moving average. I'm still not happy about the declining slope on the 50 day moving average so I'm not ready to …
The last time we saw an orange paint bar denoting a distribution phase or one in which the price trades beneath a stacked 50 and 200 day moving average, was right before Labor Day weekend 2010. And if we go …
A very welcomed trading day today with the gap higher, follow-through and an opportunity take profits long the way with very little pain. But where does that leave us now? SPY closed up 1.3% but without an Accumulation day in …
We had better than average volume today, which considering SPY was marginally up, could be perceived as a good sign. But let's not confuse this with an Accumulation day in volume.
QQQ closed unchanged with light volume. And of course …
In an attempt not to state the obvious, lots of damage done on Friday with SPY down 1.42% and another alarming Distribution day in volume. We anticipated lower prices due to the accelerated warning phase; however, the rapid decline on …
Mish in the Media
View Mish's Media Highlights
New to Mish's Daily?
Discover Mish's Economic Modern Family
Mish's Articles
View Mish's article archive
