Some nice continuation today from Friday’s reversal day. Could this new rally have some legs? The major indexes all look bullish here, but are now sitting under their 50-Day SMA’s and could use a rest from their recent moves.
There was a trigger from the Watchlist. Although I didn’t post the entry in the Watchlist, I […]
The market took a blow on Friday morning, with news of the worst unemployment rate in decades. Amazingly, the market rallied in the close.
As seen in this chart, the S&P 500 continues to make lower lows and lower highs, but is showing a descending triangle, which can often resolve to the upside.
It’s bullish sign when […]
The market held up pretty well for most of the day, but that changed in the afternoon when stocks sold off sharply into the close, most likely in preparation for the employment report tomorrow morning.
As you can see from this chart of the S&P 500, the selling wasn’t too bad, volume was lighter that yesterday.
Yesterdays […]
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| « Mar | ||||||
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
