The NASDAQ had been giving hope to the market by capturing the 50-Day MA, but it plunged through it today on heavier volume after a poor consumer confidence report.
I was expecting a pullback in the market, but I still bought two triggers in the morning, AIG and KFN, and got murdered. I had to sell […]
A quick post tonight. The market took a rest today, with relatively few participants. The market could be ready for a rest here, if not a pullback.
I had no triggers today, but nice moves in some recent triggers, including a great move in TSTC.
LYV and ACXM also moved higher today.
There are still a few charts […]
The market gapped down on Friday morning, but those who didn’t panic were rewarded as the market recovered in the afternoon. The NASDAQ has confirmed a close above its 50-Day SMA, a positive sign for the market.
The S&P 500 sits right at the 50-Day. Let’s hope it follows the lead of the NASDAQ, although some […]
