Those One Day Corrections Are Refreshing
After Wednesday's drop, it was reasonable to view it as the beginning of an overdue pullback. Yesterday's gap-down open looked to be a continuation, and …
Read MoreAfter Wednesday's drop, it was reasonable to view it as the beginning of an overdue pullback. Yesterday's gap-down open looked to be a continuation, and …
Read MoreIn Friday's newsletter, I covered indications of possible weakness in the major indexes and ETFs. The chart I used as an example, IWM, showed three strong …
Read MoreLet's talk divergence. it isn't quite visible yet in the Dow Jones Industrial Average. It isn't quite visible yet in the S&P 500. The NASDAQ Composite is the …
Read MoreLet's take a quick look at the major indexes. They are on the verge of possibly confirming a change of character and direction. The Dow is the best looking, …
Read MoreIn Wednesday's newsletter, I showed a chart of IWM, the ETF related to the Russell 2000 index (smaller cap stocks). I noticed more than one article on the web …
Read MoreFinancial media is increasingly prodding traders and investors to question this bull market. A current article on the Wall Street Journal blog analyzes the …
Read MoreWhere’s the volume? When you break above resistance or out of a trading range, it is supposed to be on volume. So many indexes, ETFs, and individual stocks, …
Read MoreFor the past two weeks most of the indexes and major ETFs, and many stocks, have been trading in tight consolidation ranges. At a time of the year when …
Read MoreThe market is trying, it really is. It wants to believe, believe that the economy is improving, if ever so slightly, that the ‘fiscal cliff' will turn …
Read MoreStrong buying came into the Russell 2000 yesterday. Volume on the IWM increased 212% from the previous day, 106% above the recent average. IWM's lower highs …
Read More