The big news: Russell 2000 or small caps crossed and held the 50 DMA, going into an unconfirmed phase change to bullish. S&P 500 after a tricky beginning, held. NASDAQ made a new 2014 high. The only hold out-the Dow, …
In the continuing saga of the Dow and the Russell 2000s, they remain in warning phases. NASDAQ made new 2014 highs early on, ten closed just below it although once again, eked out a new high close.
The S&P 500 …
A couple of notable features of the day after figuring this session would be more decisive. First, SPY or S&P 500 climbed back to a bullish phase. NASDAQ came 3 ticks from the 2014 high made in January yet managed …
Low volume but firm start to the week in the indices although the DIA basically closed out the session unchanged. Calling today the possible pivotal day yet seeing that this was more of a firm digestion and actually sort of …
Well, well, well. We fell off our diet and succumbed to lunch at the “21” Club after all. NASDAQ was the tortoise that finished the race the strongest after the Dow (DIA), our hare, started the ball rolling. Plus, NASDAQ …
It was all about the Dow (DIA) as we have featured all week. After yesterday’s new 60+ day low followed by the close very near the intraday high, we noted that a gap over the 200 DMA would be something …
The Dow closed red but after making a new low since the low made in mid-October, one possible indicator going into Thursday is that it reversed from that new low and closed in the top part of the intraday range.…
From orange and red to green? Not quite my friends. The indices moved off the lows, but with neither enough oomph to clear the major moving averages or even the Floor Trader Pivots orvolume, which was above average, but not …
My colorful gauges to signal phase changes are brightly lit orange and yellow. Not only the colors of fall, but the colors of the market freefall.
The drop was orderly all things considered in that the indices took out Friday’s …
The month ends with the market’s worst performance for a month since May 2012. However, the lows of last week were ultimately defended on Friday signaling that our bipolar patient-aka-the market, could have a mood swing either way come Monday. …