It started out as a quiet day for the market, but turned into a harsh pullback in the afternoon. It appears that today will count as a distribution day for the three major indexes, as all of them sold off on slightly heavier volume than yesterday.
The indexes are consolidating now, and should soon make a […]
Some choppy action today, but the indexes closed higher with some big moves in commodities. Right now, the S&P 500 is hanging out below the 50-Day SMA. With a little more rest, it could try to break this moving average.
CHUX, which offered a fantastic day trade yesterday, continued moving today, but gave back a large […]
Just a quick post tonight. The Dow and S&P pulled back on lighter volume, which is healthy after their gains over the last 2 days. The NASDAQ however logged a distribution day, pulling back on higher volume. The indexes sit just below their 50-Day moving averages, and could pullback further.
There was a trigger from the […]
