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A strong day for markets stretched as far as the beleaguered Russell 2000 (IWM). The Small Caps index enjoyed a bullish engulfing pattern on the bullish mid-line of stochastics. It should be noted...
The Nasdaq and S&P 500 are doing all the leg work, closing near highs, while the Russell 2000 (IWM) has taken hit after hit as it slips deeper inside its trading range. The Russell 2000 ($IWM) is...
Markets have been a bit of a mixed bag from markets since my last update. The S&P 500 closed with a neutral setup. Yesterday's close finished within yesterday's range, but the candlestick was a...
Stocks finished mostly lower on the day, with 313 stocks on the S&P 500 trading lower and just 185 trading higher. You would never know that from looking at the index that finished the day up by...
It was a good day for indexes as both the Nasdaq and S&P 500 managed to finish at new highs. Gains in the Nasdaq were enough to reverse the 'sell' trigger in On-Balance-Volume, returning the...
Markets closed the week on a bit of a conundrum. The trend for the S&P 500 and Nasdaq has been solidly bullish since the lows of 2022, but people (myself included) are still looking for the...
I'm giving day trading a go and with hindsight, yesterday should have been an "easy" profit day, but the volatility swing on the economic data threw me off and I missed the big gains in the S&P...
Thursday's selling didn't deliver 'bull traps' for the S&P 500 or Nasdaq. The Nasdaq breakout looks ready to accelerate higher. When we look at relative performance, the Nasdaq is surging away...
Sellers made more of an impression on the markets yesterday. The Russell 2000 (IWM) dropped out of its 'bull trap' challenge and into its prior base. In doing so, the underperformance relative to the...
It was perhaps a little premature to pop the champagne on the Dow Jones Industrial Average break of 40,000, but it looks like it will be a few more days before the psychological 40K level in the rear...
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