There’s a confluence of bullish indicators on the NASDAQ.
Posted by 19 April 2004
Looking Good
Posted by 2 February 2004
More Bullish Candlesticks
Posted by 30 January 2004
Hammers Everywhere
Yesterday’s drop and snap-back rally created hammers all over the place. I have a long list (too long) of buy candidates based on that fact. Like yesterday, I’ll be surprised if many of them actually trigger because the GDP report seems to have sucked the early morning enthusiasm out of the bulls. As always, we’ll [...]
Posted by 21 November 2003
Battle for the 50 Day Moving Averages
We’ve now had 3 days of thrashing around the 50-day moving averages on the indices. I’m getting a sense of déjà vue because this is exactly what happened at the end of September. The S&P chart shows this action well: You can see how deeply oversold we are by the stochastic reading. Unless we get [...]
Posted by 17 November 2003
50 Day Moving Averages Save the Day… Again
Last night when I mentioned looking for a bounce around the 50-day moving averages I had no idea we’d get there this quick. It’s clear that technical traders went to work today, once again buying at that popular moving average. This is the third time since late September that the indices have found support at [...]
