The information I wrote last night concerning buying dips with certain confirmations in place, I hope was useful in tracking the small caps or Russell 2000s during Tuesday’s session. If nothing else, it might have prevented you from selling on …
From a “student of the market” perspective, this is truly an incredibly fascinating summer market. From a “trader’s” perspective, this is somewhat agonizing and certainly a test of one’s resolve in one’s trading system type of market.
The most difficult …
Let’s start with the obvious observation from last week. The Russell 2000s could not confirm back to bullish and wound up closing out the week in a warning phase, marginally holding onto the 200 DMA. As the market internals remain …
The interest rates firmed as I suspected they might and wrote/tweeted about which for now, helped the financial sector and impacted gold, which I also wrote about.
No, not crowing-just trying to follow the bouncing ball! My very intelligent partner, …
Happily, the Russell 2000s closed above the 50 DMA for an unconfirmed bullish phase. Marginally. We are also now looking to see if the interest rates might get a bit of a pullback-will the TLTs break 114.60 area?
We did …
Impressive and not so impressive-the market paradox that has prevailed in this Year of the Horse! I have my red bracelet on every day since January 1st!
The Russell 2000s could not close above the 50 DMA after spending most …
Perhaps the market overdosed on Ritalin this weekend since the focus during Monday’s tight range with 3 out of the 4 indices putting in inside days (when the range of the day trades within the range of the day prior) …
If I had to come up with a specific diagnose for Wall Street using some the categories setup by the Department of Education for classifying “special needs” children, it would be Other Health Impaired or Attention Deficit Disorder.
I mean …
When one reads about the horror man inflicts upon man and then all piled up in the course of one day, the business of money-is, well just that-business-not life itself.
Today, we must step back and put a few things …
Having deja vu all over again, the small caps or Russell 2000s travel to their own beat, breaking under the 50 DMA for an unconfirmed warning phase for the 4th time this year. Furthermore, that happened on better than average …