Indexes Close Higher; Market Leaders Don’t
The indexes were in the green most of the day and closed higher, but most of the momentum stocks I watch were in the red. Volume was higher than recent days, but still relatively low. It was some crazy end of the quarter action.
There were a lot of stocks in […]
Market Gives Back Rally and More
As mentioned last week, the S&P 500 needed to hold a support level. It closed below that level on Friday.
One way to play this is by going long SDS, which corresponds to twice the inverse of the S&P 500. There is some resistance in the 65 area. Once it trades […]
Distribution Day for the Market
Today was a distribution day, as the market sold off on higher volume. It doesn’t necessarily mean that the rally is over though. Overall, volume this week has been below average.
On Sunday evening, I posted a weekly chart of the S&P 500, which showed a potential double bottom pattern forming. If […]
