Tag: broader market

Quarterly Update

One of my favorite ways to track the broader market is by the number of advancers and decliners in a given time period. Since the quarter closed yesterday I thought I’d share a chart that compares the advancers to decliners at the end of the quarter. The data goes back to 2000 and I’ve added

Continue Reading

Holy Schnikies! My parachute didn’t open!

The $941.50 level I pointed out in the broader market (78.6% retracement) was steam rolled today. It is truly amazing how the markets aren’t even paying attention to technical levels. Actually, it’s kind of an uneasy feeling. It’s all I can do to day-trade just to compensate for the losses in my long-term positions. Still

Continue Reading

Capitulation Day?

Holy Cow! Was this the day that could be considered the capitulation day that the media has been talking about? The trading ranges on Friday and Monday are some of the biggest swings I’ve seen in quite some time. The late day surge today is being attributed to the belief that the Fed will cut

Continue Reading