Michelle Schneider will be on vacation until 3/21. In her absence, Matthew Mullins ( Assitant Director of Trading Education and Research, and leader of the Day Trading chat room) will prepare the abbreviated Evening Watch.
S&P 500 (SPY) Drifted lower …
Michelle Schneider will be on vacation until 3/21. In her absence, Matthew Mullins ( Assitant Director of Trading Education and Research, and leader of the Day Trading chat room) will prepare the abbreviated Evening Watch.
S&P 500 (SPY) Here is …
I had 2 areas I wanted to see defended as starters. In the small caps it was 118 and in the Dow 163. Both were defended by the end of Wednesday’s session.
NASDAQ closed well with S&P 500 a bit …
No great surprise here that the patient saw another piece of the puzzle unfold with the Russell 2000 down the most percentagewise. After all, I have written about the unusual volume on new highs every day since it occurred exactly …
So let’s continue our discussion about this patience thing. The market certainly tried ours day one into the week.
Furthermore, let’s examine the Russell 2000-after all, that is the instrument that exhibitedginormous volume last Tuesday. Four possible scenarios prevail.
1) …
The most excruciating virtue to master as a human is patience. Traders find mastering that virtue exponentially more difficult.
Patience however, is typically key-and right now it’s downright crucial! With the looming situation in the Ukraine-and every tweet about it, …
Another low volume day that continues to support the possibility of a blow off top that occurred on Tuesday in the small caps, Russell 2000. Why? A wee bit of a red close there, the DIA (Dow) that could not …
I have often written about blow off rallies (tops potentially) and bottoms. When I do, I cover volume movement, price action and most importantly, confirmation.
Tuesday’s session raised my consciousness in the small caps (Russell 2000) because it rallied to …
To The Tune of Up, Up and Away by Jimmy L. Webb
Gap, Gap and Away,
With An Awesome Volume Surge
SPY A Nicer Place
In A Beautiful Balloon
For It Can Fly..Fllllllyyyyyy
Gap, Gap and Away!
S&P 500 (SPY) …
Like a Treasure Map, the market left a big clue to the prize-for Monday anyway, when the Volatility Index, what I kept writing about last week into this one, blew out on the Ukraine story.
I do not mean to …