Generally, I do not tune in so much to the “opinions” of talking heads or even a lot of analysts, fundamental or technical, as I typically find the charts tell me everything I need to know. Once other opinions come …
As the week and month, one thought (ok two) comes to mind. First, if the small caps or Russell 2000 gap up over the highs, consider it a runaway gap. Second, if the Financial sector holds the 50 DMA, could …
A fascinating dichotomy between sideways action in the indices (with the exception of the Russell 2000) which made and closed on new highs) and the Volatility index which also firmed.
Typically digestion days will shrink the volatility. That begs the …
3 out of the 4 indices posted an inside day on this mainly noisy Tuesday. The Russell’s, S&P 500, and the Dow all held Monday’s lows nor penetrated Monday’s highs. NASDAQ ticked 2 cents under Monday’s low but held it …
Remember our discussion about melt ups, tops and ignoring logic? It surely seems like we are in the midst of a melt up, but not necessarily the making of a top until we see some VOLUME!
Not a huge fan …
Worthy time digestion rather than price correction with choppy conditions and low volume to end the week.
The Dow closed with an inside day (DIA) marginally under the 50 DMA for an unconfirmed weak warning phase.
Homebuilders cleared a 2 …
“Henceforth, we need to see confirmation Thursday and with increasing volatility.” Two reasons I am quoting myself from last night’s daily. One, because I really do love the word “henceforth.” Secondly, because the concept of “confirmation” and “increasing volatility” is …
Goodness, be careful what you wish for right? I wished for drama. Thanks, I think!
Earlier this week we talked about tops. We mentioned that tops are as dramatic as bottoms. They need volume for starters. Then, they have to …
First, I would like to offer congratulations to the Retail ETF that finally made it over the 200 DMA creating an unconfirmed phase change to warning! I also have to give a high five to NASDAQ, Biotechnology and Semiconductors, once …
As the East Coast of the US snaps up local hardware store’s supply of Ice Melt, Wall Street prepares for a Melt Up!
With last week’s stunning conclusion on ok but not amazing volume, irrational exuberance has yet to show …