Posted by 1 September 2008

August 29, 2008 Recap: Holes in the Wall

There’s no shortage of mixed signal in the market right now. We ended the week with the indices pretty much in the middle of their August ranges. The Russell 2000 continues to look stronger than the Nasdaq and S&P 500. It’s the only of those three that’s above its 200-day moving average. The other two [...]

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Posted by 5 May 2008

May 5, 2008 Stock Market Recap

There was a serious lack of action today as the market gave back a bit of last week’s breakout. All of the indices are in what I like to call “no man’s land” — between their 50 and 200-day moving averages. I call it that because the moving averages are giving conflicting signals. In this [...]

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Posted by 16 March 2007

March 16, 2007 Stock Market Recap

The Dow, S&P and Nasdaq each had outside days today although they closed within yesterday’s ranges. Volume increased across the board which isn’t surprising given that today was a quadruple witching day. Still, the charts don’t care about that and I have to look at the volume increase on a down day as distribution. I [...]

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Posted by 23 June 2004

I Think We Have a Breakout

Well so much for my easing back on swing trading. As you can see I went on a buying spree today. I was all set to just chill given how dead the market has been, but when my alerts started triggering I just said ‘what the hell?’ and jumped in. By 2:30 I had bought [...]

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Posted by 21 June 2004

Broken Down

Well the NASDAQ fell out of that symmetrical triangle today. But this trippy & tricky market always has a back up plan to keep the masses on their toes. As you can see by the chart below the Naz is sitting just a hair above both the 50 and 200-day moving averages. A break below [...]

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