Posts Tagged by stock market direction
Stock Market Gyrates on Low Volume
| June 12, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The end of the week saw Thursday and Friday strong but on very low volume. A sign of buying weakness or just the start of summer? Ultimately this will be revealed by where price goes and the levels that need to be watched. The rally through the early part of the year was also on…
Stock Market: One of the Most Volatile Months In History
| May 29, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Another volatile week for stocks. Traders simply did not want to put out large orders for fear of getting run over. But, introduce fear (from longs and shorts) in thin liquidity and price levels have a tendency to “overshoot”. Prices are taken to extremes and then snap back like an elastic – in both directions.…
Stock Market Update: Bullish Pattern in Downtrend
| May 23, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
These markets continue to have unbelievable moves each day. The S&P 500 re-tested the “flash crash” lows on Thursday and Friday, and after breaking below rallied back higher. Last weeks analysis is still in play. At the moment I don’t think there is much reason to be buying this market unless someone is unleveraged and buying for…
Stock Market Fun! (no?)
| May 16, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
A crazy week for stocks. We saw moves in single days which normally take place in a week. I put out multiple updates this past week simply because not having solid info heading into the next session could mean significant losses or missed opportunities. For short term traders this was a fun week, but for…
Euro and Stock Market Update
| May 13, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Here is a brief look at what we are watching for Friday. EUR/USD down about 1% on Thursday. S&P 500 down 1.21% Thursday. EUR/USD update: The Euro stopped its decline almost exactly at 1.2520, at least so far. If the decline continues below the lows put in (approx 1.2517) then the target is 1.2480-1.2465. Trend…
Stock Market Update – Bullish????
| May 13, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
Yesterday I posted an analysis, and said that we had a potential bear set up, but the high and low of Tuesday would provide better indication. Well, the market pulled out another strong day closing out above Tuesday’s high. If we can hold that level it makes a test of 1182 very likely. At the…
Stock Market: Where we Stand Heading into Wednesday
| May 12, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
Tuesday closed out very near flat, indicating some indecision after the previous 3 very volatile sessions. Tuesdays range was also well beyond average for the S&P 500. Based on the daily chart we have a bearish set-up, yet ideally it is a two day pattern. Wednesday will confirm with the high and low of Tuesday’s…
Stock Market Update: Support Broken Indicating Further Correction
| May 4, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
If you read this past weekends newsletter, there was a level to watch on the S&P, and that level was 1182. The trendline had already been broken, so we were looking for confirmation with a move below that level. The broken trendline and move through horizontal support indicates a move to the dominant trendline…
S&P 500 Breaks Below “aggressive” Upward Trendline
| May 1, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
From the daily chart of the S&P 500 it can be seen that during the course of the last week the “aggressive” trendline was broken. The highest trendline was broken last week. A new one was drawn to account for the lows that were put in, but that trend now appears to be rolling over…
Stock Market Climbs to New 52 Week Highs
| April 24, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The S&P 500 Index, Dow Jones and NASAQ COMPQX all finished at new 52 week highs this week. Strong buying right into the close of trading ended the day, week and approximately the last 20 months on their highest notes. While the aggressive trendline which began in February was “threatened,” the S&P at no point closed below…
Stock Market Outlook – S&P 500 Finishes Strong
| April 10, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
When Friday started out it appeared we may have a flat week, but a rally into the close put the whole week in the positive. With that the index closes in on 1200, currently at 1194. The dip we saw on Thursday before finishing higher on the day bounced precisely at the trendline. This…
S&P-Pushing Higher but Momentum Slows
| April 3, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Fairly choppy week for the markets last week. We went from strong upward to trend to a sideways markets. A close above 1180 on the S&P 500 would indicate the trend is back in play. Overall though the trend remains up, as can be seen by the upward sloping trend line start on Feb 5. …
Stock Market Outlook – S&P and a Volume Issue?
| March 27, 2010 | Posted by admin under Stock Market Analysis |
Here is your weekly recap of the S&P 500, and a look at what to watch next week in terms of the overall market. The market continues to march higher on a current wave which started back on Feb 5. There have been complaints about volume…and this traditionally has been a contrary indicator for upswings.…
S&P Analysis – A Look At The Week Ahead
| October 24, 2009 | Posted by admin under Day Trading Ideas, Stock Market Analysis |
Before I get into the S&P analysis, here is a quick video from the other day which covers the NASDAQ. The NASDAQ was strong compared to other benchmarks on Friday. The video was recorded a couple days ago but is still valid and has some great content…always educational and informative. Is the Nasdaq in Thin…
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