Crawling Higher
We did see a bit more of a “climb” higher Friday as those who were in the market (not many) chose to be buyers for the most part. As an…
Paint Drying Day
As expected, another light volume day and not much movement, relatively speaking, either. The selling pressure did kick in around 10:30 as the decliners broke above the advancers in the…
Pre-Holiday = Light Volume
Today’s volume looked like pre-market trading as there just wasn’t much participation. It’s only going to get worse as we approach the half-day on Wednesday as investors are looking elsewhere…
Fed Pulls Trigger
The deal is done! The Fed fired a bullet that rifled far and wide across the global financial markets when they lowered the Fed Funds rate to a range. What?…
Support? What Support?
So much for that new level of support in the broader market ($SPX)! No news to shock the markets and we fall right back down after making a higher high.…
Off To A Bullish Start
The week is off to a bullish start with the major indices all making some nice gains today. With no economic data today the markets reacted to a couple of…
Nearly 50% Retracement
Pretty decent gains today and on some good volume so add another tick to the “crazy” side of the market. If you look at the $SPX on an intra-day basis…
Novembers Gone
Those that watched the market this past week saw some pretty powerful moves, until you look under the hood, as the major indices all had close to double digit gains…
Using Fibonacci To Gauge A Bounce
I'd like to take a look at this week's move in the broader market ($SPX) and see what happens tomorrow with options expiration. To do this, I'll take the high…
Same Results, Different Day (Market Dejavu)
It’s official! The broader market has given back 5 years of gains today as the relentless selling pressure continued, even into the close. Take a look at the chart below…