The bulls pushed past one of their objectives on the ESH10 contract yesterday, but on the SPX they made it 2 for 2. The previous contract high of ES was outside normal trading hours making the new high bar for ES a little higher than SPX, added to that was the SPX high was...
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Today is make or break for the breadth indicators. The breadth weakness was virtually wiped out by yesterday’s bullish action and the market now has a new base to launch from to even higher highs and higher momentum. We are approaching the morning with no gap. Meanwhile around the world: ASIA Japan...
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This is from one of my favorite websites http://politicalcalculations.blogspot.com
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The banks got over that little tax problem from yesterday and helped push the all the indices into upward direction. The RUT2K and Nasdaq Composite took leadership rolls today. The only index to set new highs was the Dow industrials but it moseyed along waiting for its sister to catch up and take a...
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Well that did not last very long. Last night I posted that the RUT2K 40 DMA % Index had crossed below its 20 day moving average. It take two days to confirm the signal and today it was pushed right back up with the bullish action of the markets. To read more about the...
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Good morning. Yesterday was a crack in the Santa Claus rally. Today with a flat open (there is a premarket rally going on now that I am done writing this!) we will see the real test between the buyers and sellers here. Yesterday was weakness but it was helped with a head-start gap down. ...
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Since Friday’s close the DOW ($INDU) is still positive up .085% while the others have had a pullback since last weeks close. The Nasdaq Composite ($COMPX) and Russell 2000 ($RUT.X) are the weakest of the group. The banking index is also on the chart as it has had relative strength during this last rally. ...
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The Russell 2000 40 DMA % Index crossed below it 20 day moving average. This has been a good sell signal during this bull run. The 40 DMA % Index is the percentage of stocks with closes above their 40 day moving average. Yesterday the Russell 2000 index had 77.5% of its stocks above...
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Good morning, it looks like the fight is on between the bulls and the bears. Overnight the bears have put in an offensive and as I write this the ES futures are down 8 points. That has the effect of controlling the morning business shows as conversations will move from bullish host after bullish...
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