WE FINALLY GET SOME VOLUME TO THE UPSIDE, IF THIS CONTINUES THERE WILL BE A LOT OF NICE SETUPS
This rally has not been impressive by any stretch. Since the March lows the indexes have been going up on low volume and there have been no signs that this rally has any strength behind it until now. On friday we got volume above the 50 dva as the indexes closed higher. […]
NOT ALL IS BAD AS MAJOR INDEXES FIND SUPPORT, OIL DRIFTS LOWER
The Dow, Nas and S&P all closed higher today on volume greater than yesterday although it was still well below the 50 dma. While I would have liked to see some more volume today, the Dow and S&P are finding support at their respective 50 dma and the Nas is hugging the 200dma. […]
OIL PRICES ARE ON FIRE, BUT INDEXES FALL ON HEAVIER VOLUME, THINGS AREN’T LOOKING SO GOOD NOW
Today didn’t start off all that exciting. Oil inventories were below expectations driving oil again higher to a record close. But that wasn’t what killed the market today. The Fed minutes were released where more inflation worries and a weaker dollar gave the hint that the rate cuts are probably over. […]
NOT SO BULLISH TODAY, BUT OVERALL TREND IS UP AND YOU DON’T WANT TO FIGHT THE TREND
The Dow, Naz and S&P started off strong this morning but then as the day wore on gave back their gains as all three indexes closed near their LOD. The good news is that volume was lower across the board helping to maintain the healthy gains made last week. The only question I […]
There Is No Telling How High This Rally Can Go, Things Are Not All That Great
While the Dow, S&P, and the Nas all were able to close higher today only the Nas showed any real strength where volume came in above the 50 dma. Despite the weak volume, there are a handful of stocks breaking out of nice bases that look like they are ready for big moves. […]
DOW, S&P, NAS CLOSE HIGHER BUT VOLUME LACKING, UNTIL WE SEE BIG VOLUME THIS RALLY IS SUSPECT
Today was pretty much a lackluster day for the markets. The good thing is the Dow, S&P, and Nas were able to close higher. The bad thing is that volume was extremely low. Not only was it lower than yesterday, it was lower than the 50 dva. This is basically a […]
DOW, NAS AND S&P ALL CLOSE NEAR HOD REVERSING INTRADAY LOSSES
The major indexes started off today with what looked to be a rough start but all were able to close near their HOD reversing earlier losses. To top it off, volume was heavier than the day before. While the Dow and S&P continue to show weak volume with both below the 50 dma, […]
MAJOR INDEXES LOOK LIKE THEY SHOULD, WATCH FOR A RALLY
The Dow and S&P finished lower today but look at the volume, both lower compared to friday’s levels. The Nas also finished lower but on above average volume. Given the huge gains the Nas has made this is not something to worry about. Besides, the leaders are still breaking out even during […]
Friday Was A Good Day, Nasdaq And Dow Move Higher On Above Average Volume
Friday was probably the best day of the market this year. The major indexes may be poised to break out of their trading ranges and move higher. The Naz and the Dow were able to move higher on volume that was above their 50 dva, the last time they were able to do […]
Market Takes A Big Hit Friday Dropping All Indexes Below Their 50 DMA
The indexes got pounded friday after GE came out with numbers that were worse than expected. This selling dropped the Dow, S&P, and the Nazz back below the 50 dma. If we will see strength begin to emerge the indexes will have to find support here. Better yet, I would like to […]
