A very strong move in the market today. The NASDAQ chart did break out from its consolidation pattern, but to the upside, which I didn’t expect. Although it’s not uncommon for the market to move higher before a holiday, it’s often on weaker volume. Today’s move was on strong volume; a very bullish move.
And all […]
The market looked pretty good in the afternoon, but couldn’t hold on. The NASDAQ looks like its consolidating, getting ready for the next move.
I had 3 triggers today, but none moved strongly and two pulled back. However, I am holding on to two of these, hoping for a better move. The first one is NR.
SXCI […]
The market grinded lower today. Although I found some reasons to be bullish in last nights post, there is nothing bullish in the charts of the indexes. They all look to be consolidating before making another move lower.
We are about to enter what is historically terrible weeks for the market. And if history is any […]
