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The market internals were exceptionally bullish.
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As the S&P 500 Index (SPY; top chart) weakened through October, we saw the traditional flight to quality among 10-year Treasury notes, which hit a low yield of 3.4% on the 8th. Since that time, stocks have made harrowing new lows, ...
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For better or worse, we just survived one of the the worst weeks in market history. For the week, the S&P 500 crashed -18.20%, Dow -18.15%, the Nasdaq -15.30%, and the Russell 2000 -15.65%. And, the damage we saw is of historical ...
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Today was one volatile day. The market fell sharply at the open, came roaring right back (producing cheers on the trading floor), fell right back, and swung hundreds of points in negative territory most of the day, moods and fortunes ...
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I’ve never been so happy a weekend has arrived. Before that weekend starts, let’s take a look at the 1000 point intraday swing in the Dow and other insights from the intraday trading for October 10, 2008. $INDU 5-minute chart: ...
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I’ve never been so happy a weekend has arrived. Before that weekend starts, let’s take a look at the 1000 point intraday swing in the Dow and other insights from the intraday trading for October 10, 2008. $INDU 5-minute chart: ...
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History suggests that the market should gap higher on Monday. THe 5DMA on Qs is ~32.80.
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The lows have been tested on a lower volume move, will they hold? The trend is lower. Tight Stops.
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Sellers defended VWAP, still no signs of a turn.
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The Bulls have been propping up stocks like AAPL, BAC and C today and it looks like they may have just held long enough to create a spark. Here's the updated 3C charts for QLD/QID.
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I prefer to look at technical signals on the ETf's rather than the underlying index, especially the Ultra ETF's as they have a demand structure that is seperate from the underlying indexes demand. For example, while the QLD mimics the ...
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Makes one long for the early summer doldrums. No doubt cyclical bear markets within secular bear markets fall hard and fast - but the lack of respite has been something of a surprise, particularly in the Russell 2000 which had ...
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I mentioned in my last post that we are possibly close to a near term bottom, but we need further supporting evidence on the chart to confirm. Well, the market is still continuing its free fall and it seems that no government ...
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Although I don't normally turn on CNBC during the trading day, I made the mistake of doing so this morning. Frankly, I couldn't believe what I was hearing since so many people were making the call that we're near or at the bottom. ...
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Good morning. With stocks headed for their worst weekly drop since 1933, markets around the world are crashing. Not only do we have trading halts in several countries, but those which are open are under significant sell pressure and are ...
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