.. all three indicators built strength today. The DOW which I do not track was the lacked and the RUT was the leader. It looks like one more day or at least one more attempt at a high or a high is in store. I would expect the NYSE number to reach into the...
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.. There is most likely still a little upside left from what has turned out to be a terrific year end thrust. The indicators are starting to get to extremes and we are at a point where shorts most likely are going to be safe but waiting and patience is the name of the...
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Bears are in retreat around the world this morning as even China puts on a good performance last night. Japan was up almost 2% while China held to about .7% after being up over 1% but sliding a little into the close. Across the watery divide to Europe which is continuing it Christmas rally...
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As mentioned in the New 52 week high post, the NYSE was the cause of weakness today. We will watch in the live trading room in the first 30 minutes at the open to get a feel for how the breadth is performing. You can see it in our live A/D line indicators as...
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.. the NYSE was weak today, especially when compared to its stellar performance a week ago. That now makes two days in a row that the NYSE was not able to turn the bullish corner. In the past month of chop the NYSE has been the leading signal to which the others caught up....
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.. the NYSE. You will see the NYSE show up weak in both this chart and the 52 week new highs. It is this lagging that kept today’s movement from being extremely bullish. The NYSE bars put in nice recovery over the last three days but the strength did not match the strength of...
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Again we have turned from neutral to very bullish. All three indices are moving to new highs and remain above their 20 DMA. The RUT has caught up with the NYSE in sentiment showing a 68% of stocks trading above their 40 DMA. The NASDAQ composite is lagging behind, perhaps a push tomorrow will...
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Back from Bangor-Maine where I spend some great quality family time with my extended set of relatives and my mom. It was fantastic to get together. They are a hardy lot that live in the north country. Now back to work. The week closed mixed with the DOW down -1.36% and the Russell closing...
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.. 0 which is neutral. We moved from a -6 to a 0 with all three indices gaining points on having a higher raw index value, but that value was not greater on any of the indices than 5 days ago, so the moving averages all score a -1 for a total of -3...
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The world did not play nice last night while we slept. In Asia while Australia was marginally in the green the Hong Kong closed down a solid 1% and Japan erased what was a nice 1% gain to fall apart in the closing hour to close red. Not a strong showing from Asia. Currently...
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