Today, if you were prepared with a plan to focus on a couple of stocks and ETF's that were oversold and had short-term trading patterns, the oversold condition that we talked about yesterday gave you, at the very least, good …
The warning phase continues to accelerate at the same time as the oversold conditions. And of course, typical of the market, there are pockets that are on their own. For example, Chinese stocks have been getting slammed. I have been …
Today the market rallied initially in anticipation of some positive news coming out of the Federal Reserve. Instead, the news was sobering with no talk of any quantitative easing. Typically I avoid expressing opinions about news related items, but at …
Today was the lowest closing price we've had in SPY since March 18. Although the volume was above average, it did not exceed the volume from Friday therefore no Distribution day. The slope of the 50 day moving average, which …
As we anticipated, last Friday was a quiet day and a positive one. SPY confirmed a bullish phase closing above the 10 day moving average, but not the adaptive. There is a trendline that comes down from the highs which …
We have had some really good picks lately: CMG, AMZN, ACOM, COH, ANF, DNDN, POT as well as tracking the ETF's that were ready to breakout such as XRT, IYR and even SMH, FXI and XLF. If you would like …
SPY guess what today was? An accumulation day in volume. But before I would jump in and load up, let's look at some other indications. SPY rallied a bit beyond the 50 day moving average and settled beneath. However, it …
SPY did not have a good close. Wasn't so much the .1% down, more that we could not get above the 50 day moving average, closed beneath the 70 day exponential moving average, and had a bearish engulfing pattern although …
We are now in an unconfirmed warning phase in SPY, which happily did not have another Distribution day in volume. Furthermore, the slope of the 50 day moving average is up so we are calling this a weak unconfirmed warning …
Needless to say, damage was done on Friday with SPY closing down 1% with another Distribution Day in volume. But, the channel is intact, the slope on the 50 day moving average still up. The internals are weak, the chart …
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