Tonight’s evening watch was prepared by Geoff Bysshe, President, MarketGauge.
It was another day of the market drifting. The volume in the SPY was lower today than pre-holiday trading on July 3rd, and we’re still 2 days away from the …
Tonight’s evening watch was prepared by Geoff Bysshe, President, MarketGauge.
Today was just what the bull market needed – consolidation in the leading indexes and strength in the broader market. While the Q’s struggled to move higher, the IWM climbed …
Tonight’s evening watch was prepared by Geoff Bysshe, President, MarketGauge.
Four doji’s pretty much sums up the market today – undecided. SPY, DIA, QQQ, and IWM all opened higher, tried to continue and then fell back to test prior day’s …
If the markets are in a melt up phase then one day of rest is all they need to move higher. The SPY got it's rest day on Friday. The QQQ refused to close lower, but it too spent the …
Tonight’s evening watch was prepared by Geoff Bysshe, President, MarketGauge.
All Financials led the way today with BAC surging over 4% after confirming that has reached a final settlement with the Department of Justice. The excitement there seemed to spill …
Tonight’s evening watch was prepared by Geoff Bysshe, President, MarketGauge.
All The FOMC minutes drove the markets from their highs for the day to their lows of the day, but that was just another opportunity for the bulls to buy …
Tonight’s evening watch was prepared by Geoff Bysshe, President, MarketGauge.
All four indexes, QQQ, DIA, SPY, and IWM have now gapped higher the last 5 days in a row! The QQQ telegraphed its strength in early August as it held …
Tonight’s evening watch was prepared by Geoff Bysshe, President, MarketGauge.
It’s Most of today’s move in stocks was on the gap higher and then in the steady grind higher for about the first hour. After the morning gap and rally, …
Tonight’s evening watch was prepared by Geoff Bysshe.
As IWM stayed stuck under its 200 DMA, the QQQ, SPY and DIA all drifted higher in steady and uneventful trading.
The SPY closed right on its 50 DMA and at the …
The divergence in the market continued today. As IWM under performed and staying under the 200 DMA in a distribution phase. The QQQ’s on the other hand show real strength today as they rallied back towards the highs at 97.51. …