The market dived on lower volume today, with the three major indexes closing down –2%. As mentioned in last nights post, the S&P 500 had revisited its broken support line, which often happens before resuming the move lower.
There was a trigger from the Watchlist. I didn’t post this chart last night, it just didn’t look […]
The major indexes put in nice gains on Friday, driven by Bernanke’s comments on inflation moderating, which is being helped by lower commodity prices. However, the volume behind Fridays move was extremely low which doesn’t say much for the conviction behind this move.
The S&P 500 rallied to the previous support line of this falling wedge […]
An incredible day for oil, which jumped $5 today, driven by a falling dollar and global tensions with Russia. With news like that, you’d think that the market would close significantly lower, but that wasn’t the case. The Dow and S&P 500 closed a little higher, while the NASDAQ closed a little lower. Like yesterday, […]
