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NorthmanTrader

Markets-Macro-Charts-Alerts-Technicals

Tag Archive for ‘Dow Jones’

Market Mysteries

Unemployment at 3.8%, earnings growth at 26%, Q2 GDP growth pegged at a solid 4% or so, $NDX and small caps making new all time highs week after week. Markets ignoring all potential bad news (i.e. potential trade wars, political drama, etc) and volatility again crushed with no signs of fear or concern with a record corporate buyback program to the tune of $650B offering a consistent bid under the […]

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Chop Zone

Some general chart observations for this Memorial Day weekend: Welcome to the chop zone, the place where the conviction of both bulls and bears get tested as markets relentlessly ping pong in a tight price range for often weeks on end. It’s a day trader’s environment and requires flexibility. One may also refer to a chop zone as a consolidation phase, many times occurring before the next move higher or […]

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