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Tag Archive for ‘Dow Jones’
It was a good week to be bullish and the buying was ferocious and on the surface it appears that bulls won a major victory and bears look to have flailed again. Correction over. New highs on Nasdaq with $SPX recapturing all key moving averages including the 50MA, the 21MA, the weekly 5EMA and all is looking rosy again. Next week bullish OPEX, a sheepishly dovish Fed again the week […]
What Correction I asked yesterday as many key stocks and indices don’t show any correction on longer term time frames so quickly came the bounce erasing virtually all losses. But the quick recovery brings about concerns that can be described as a market paradox. Firstly note that the $NDX, led by the usual suspects, is actually near all time highs. Tech continues to be strong and if you’re coming from […]
What correction? 3 weeks until the end of the quarter. We’ve had a big correction in this first quarter or at least so it seems and markets continue to ping pong in a range between the January highs and February lows for the moment. Yet if you look at quarterly charts there is hardly any evidence that a correction has even taken place. Seriously? Seriously. I’ll walk you through some […]
Note: This is the Daily Market Brief issued to clients on Monday March 5, 2018 before market open, outlining our market strategy and outlook for the coming week. I’m sharing it to highlight how markets can be approached analytically in context of uncertain market times and high volatility. Note: $SPX closed at 2786 on Friday. The environment remains foggy and very much unclear. We bought the weakness last Friday and […]
I like monthly charts, especially in context of trends, trend lines and key moving averages such as the exponential 5 EMA. February saw the first serious correction since early 2016 and it came on the heels of record optimism and technical extensions. Below are some select index charts and observations I’d like to share. Firstly, the big story in February was yields, specifically the 10 year and the break above […]