SPY Only 2% Below the 52-week High with Light Volume

Mish Schneider | May 19, 2011

Today I was grateful for WTW. Although we have had some really good trades lately, they have been mostly mini swing trades. Today's trade was one of those rare occurrences of late where we comfortably bought strength, did not have …


SPY QQQ IWM Need Volume To Sustain this Rally

Mish Schneider | May 18, 2011

SPY did exactly what we expected it to do after holding the 50 day moving average. Came in above key pivots then proceeded to rally the rest of the day with no pain. Plus, it even stopped perfectly at the …


QQQ and SPY remain in Bullish Phases

Mish Schneider | May 17, 2011

Just when one might think perhaps it's time to become bearish, the signals are still mixed. IWM clearly the weakest lately, closed with a distribution day in volume yes, closed with a confirmed warning phase yes, but, the slope on …


More than a correction in the Dow? Ultrashort ETfs to watch

Mish Schneider | May 16, 2011

Seriously, I am not trying to sound like a desperate bull, but there are a couple of reasons why this may not be completely a done deal. First, SPY did not hit the 50 day moving average at 132.45 or …


The Index's Swing Trading Phase Still Bullish

Mish Schneider | May 15, 2011

Last week was tough! We got so close to looking like we were going to breakout to new highs in QQQ only to wind up closing down 1.2% breaking the adaptive moving average, yet holding last week's low. And we …