Market Condition Commentary Analysis Technicals The SP-500 (SPY) has made 5 new consecutive highs since its breakout from a short-term period of consolidation. The trend remains bullish and has assumed a parabolic character by piercing through the resistance of its upper channel. At some point soon, I anticipate the SPY to pull back within […]
Market Condition Analysis It is fair to say that the rally in the S&P 500 is becoming a little overextended. Today, the percentage of its underlying component stocks trading above their 50 day moving average climbed to 56, which puts us into positive momentum territory. With that said, there is probably still more steam behind […]
Commentary Thursday’s trading session distinguished itself as equities spent the first half of the day in positive territory before proceeding to give back most of their gains. Then suddenly, during the final hour of trading, the bulls stampeded over bears with an unrelenting willingness to buy the dips in a manner that made me wonder […]
Commentary Thursday’s opening did not exactly welcome stock market investors with loving arms. The first half of the day saw stocks trading in negative territory and at the lower end of their range, but they managed
Commentary Today’s market was a narrative of risk and flight to safety. The market is finally coming to terms with the realization that
Commentary Equities: The major stock indexes maintained their uptrends and spent most of the week consolidating their gains and establishing support. For the week, they were up as follows: SP-500 (SPY) +0.26%; Nasdaq-100 (QQQ) +0.81%, and Russell-2k (IWM) +0.63%.
Commentary Equities: Although performance was not robust, stocks bounced off their lows and finished at the upper end of their weekly trading range. Weekly percent changes: SP-500 (SPY) +0.39%;
Commentary Equities: It’s been a very choppy market over the last couple weeks with plenty of stocks churning on below average volume. On a positive note, there have been no violations of key support levels. The SP-500 (SPY), Nasdaq-100 (QQQ) and Russell-2000 (IWM) were
Commentary Equities: Investors received the news of the much awaited employment report very positively. All the major U.S. stock indices gapped up on the open and finished the day in positive territory. The SP-500 (SPY) made a new 4-day high and initiated a new short-term uptrend. The Nasdaq-100 (QQQ) and Russell-2000 (IWM) both
Commentary and Performance Equities: Today the SP-500 (SPY) and Nasdaq-100 (QQQ) joined our canary in the coalmine, i.e. Russell-2000 (IWM), into bearish territory. All three major indexes were down on significantly higher volume as investors decided to not wait for the arrival of May to begin selling.
Commentary & Performance Summary So you mean to tell me just one guy trading from his home in London flash-crashed the markets? If so, then we are all truly (insert your favorite expletive here) and so is the structural integrity of the financial capital markets. Oh well, it was another listless day of trading in […]
Commentary & Performance Summary Today’s positive price action in equities left me somewhat doubtful and suspicious, given the lack of volume to support it. Earnings season is upon us and the devil will be in the details of the numbers. It’s simply too early to get a legitimate read on future conditions until a larger […]
Commentary Despite the parade of positive earnings from bellwether stocks or data reflecting an improving labor market, today’s geopolitical events (see summary of bearish events below) were too much risks for bulls to ignore and shell-shocked many into the safety of bonds, cash, gold and crude oil. A price-volume analysis of today’s final hour of […]