There are two notable points today.
First, make sure you review the divergence in the market watch charts at the OR lows today. The strongest index, the QQQ, did not make a new low on the day at about 10:15 …
The markets are not all working their way higher as nicely as you might believe if you're focused on last week's impressive 5 up days in a row statistic. Consider this set of facts:
1. The bulls have the Q's …
Friday is options expiration. This can lead to increased volatility and chop. The market is a little stretched to the upside and the leading index, the QQQ, is sitting right at the 200 MA after a 6-week climb to get …
After you read this post you should read this blog post: “SMH's Trading on Volume, and Back To Lead?” post date is 9/15 and it can be found here:
https://marketgauge.com/hsblog
Technology woke up today. Actually it’s been basing and turning …
Today's training video for ORSF and DTHS members was about the 60-min time frame because it is so applicable to the current state of the markets. The charts below show the market watch 4 on the 60-min. charts with the …
Monday's Focus list had two main points:
1. Weakness would be bearish because of the clearly defined bearish flag pattern, and
2. If you consider more than just the SPY's, you'll see a much different picture. Both were important today …
I put a lot of weight on the condition of the SPY because the world watches the S&P 500 with a lot of respect. On Friday it closed right on a major inflection point – a bear flag trend line …
I put a lot of weight on the condition of the SPY because the world watches the S&P 500 with a lot of respect. On Friday it closed right on a major inflection point – a bear flag trend line …
Market Consolidation
Here's the plan...
The TLT's and GLD have interesting island tops in place. It they continue lower tomorrow it could indicate a top in so much as the risk on trade is back on pushing stocks higher.
The market watch is getting back …