Posts Tagged by stock market plummet

Stock Market Gyrates on Low Volume

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

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

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?)

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…

Stock Market Update – Bullish????

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

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…

Technical Reversal Is In Place for Stock Market

Make no mistake, this reversal had nothing to do with a computer glitch or high frequency traders.  Sure an order may have been entered wrong causing a momentary catalyst for the plummet, but this overall  fall is no accident.  Whatever the cause, no one seemed to care when the same computer orders continually ran the…