Archive for month: May, 2018
NASDAQ - I mentioned months ago that it looked like we could be starting a consolidation period ( or a topping process) in the General Markets. You can see that we are doing just that. I also mentioned that it is possible that individual stocks may do well, so we will briefly discuss some individual stocks later in the report. Also if this, over time, breaks out to new highs, it would be very bullish.
Read More Don't worry, we do have a remedy for that...
Read MoreLet's review our market activity for the week. After enduring a lot of choppiness in various Market Sectors recently, this was a week of change, with out prior reports discussing 'crossing the line' and 'Follow through'. Let's take a look...
Read MoreYesterdays report was entitled "Cross That Line", and the markets did just that! They crossed the lines that we were looking at, so I figured that it wouldn't hurt to name Fridays report, "How about some Friday follow through", to see if they would accommodate again.
Let's take a look at how accommodating the market action was yesterday...
SPX - SPX crossed the line, breaking the down trend.
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SPX - The General Markets are shaping up and as mentioned in yesterdays report- I expect the SPX to cross this line. That is ( at least short term) A bullish break out from a down trend. We also have been watching this triangle formation.
And this is why I mentioned that I would expect a break higher...
Read More We had a lot of movement in the markets on Tuesday, but we did not get the move that we were looking for. What was that?...
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NASDAQ - The NASDAQ broke above the 50sma and has broken the down trend for now, this is short term bullish action ...
Read More Usually for the weekend report, I like to take a step back and see the Big Picture, but for this weeks report we will have several daily charts too. This will help us to focus on what to expect in the short term as well as keeping the longer term Big Picture in view.
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SPX - We saw a reversal midday and I posted this daily chart in the comments / chat section at 1 p.m.
Let's discuss this further ...
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