Social Media lead the way on Thursday with a stunning move (13.40% higher) in Facebook. Thus, NASDAQ returned to an unconfirmed bullish phase, yet remains the only one that did thus far of the four indices.
The small caps or …
The warning phase is accelerating, but going short now that the McLellan Oscillator is approaching oversold, looks better in theory since one blip up can bring in buyers for a bounce into overhead resistance.
Concerning sectors and groups, some had …
I have talked about the power of the phases thus far. In that respect, nothing has changed. All the indices ETFs remain in weak warning phases (I also wrote about the slope of the 50 DMA as a gauge to …
Compared to Friday, this feels more like a drift lower, but let’s not underestimate the power of phases and what information they hold.
The S&P 500 confirmed a warning phase meaning the price is under the 50 DMA for 2 …
As we head into the Year of the Horse, thinking market only here (I was born in a Year of the Horse), is this what we call beating a dead one?
Startling move in Russell 2000 as it went from …
If one un-knew coming into today, sat and listened, then one would have been reticent to load up considering that while the small caps and NASDAQ made new highs earlier this week, the S&P 500 did not, while the Dow …
I know I have written this before; but clearly the mantra for 2014 is “Find the hot group/sector”. For, if one had done that since this year began, one would have come as close to Nirvana as one could possibly …
Even more noise as we await until the market (the Dow) breaks the range of the first two weeks one way or another. However, with S&P 500 holding 184.00 level, the Russell 2000s and NASDAQ going to new highs, today’s …
Really, until the market breaks the range of the first two weeks one way or another, this is noise! However, I noted all last week how disturbing and potentially disruptive the many sectors and groups floundering as 3 out of …
Well that sure cleared things up, NOT! What do you do with this type of diversion lately with earnings season gearing up (Intel dropped post earnings giving Semiconductors (SMH) indigestion). And, what about those poor folks long Best Buy down …