Russell 2000 (IWM)

Solid bounce yesterday, but can the markets today follow through? For many years now, when we see the dead cat bounce come about, stocks overall will look to continue the bounce for several days going forward. For the markets today, will that ring true yet again? The futures are slightly down, but that has

My Trading Journal for the DJIA Today:  Nasdaq still doesn't look so bad, Russell index does look pretty rough, the S&P 500 is giving up all of Wednesday's market rally, but the DJIA today managed to hold that 10-day moving average with a three day pullback that was quite shallow in nature. If it holds tomorrow,

Technical Analysis: The Federal Reserve raised interest rates yesterday by a quarter point. Initially the S&P 500 (SPX) tried to rally on the news but quickly gave up its gains on the day to finish 0.8% down on the day.  SPX also managed to close below its 5-day moving average for the first time since 12/2

Technical Analysis: Third straight day of higher gains for S&P 500 (SPX) after successfully holding support at the 2190 level. An intraday test of the 10-day moving average resulted in an immediate surge in price that lasted throughout the rest of the day for SPX. Russell 2000 (IWM) saw record highs yesterday after completely erasing a 5-day decline

Technical Analysis: The S&P 500 (SPX) opened strong yesterday in the wake of the Italian referendum, but as has been customary in the previous five trading sessions, the price action faded the early morning gains.  On the flip side, SPX did manage to regain its 5 and 10-day moving averages.  It will be important for SPX

Technical Analysis: A rare day of near-unabated selling yesterday in the S&P 500 (SPX), that saw the index drop a resound 7.7 points! (gasp!) All kidding a side, you have the 5-day moving average starting to tilt lower, as well as the 10-day moving average being broken in a convincing manner. Good chance at this point,

Technical Analysis: Despite Oil (/CL) experiencing its biggest rally since March (+9%), the S&P 500 (SPX) sold off in the afternoon and into the close to finish in negative territory.  Even with banks and oil companies soaring, it wasn’t enough to lift the market higher.  Volume on SPDRs S&P 500 (SPY) had a strong bearish engulfing candle pattern after

Technical Analysis: Yesterday was peculiar in the price action that unfolded on the S&P 500 (SPX) where price greatly retracted at the close of the day and gave up most of the day’s gains. This is indicating to me that market strength is being used to book recent profits.  Should this happen again today, and more

Technical Analysis: Price action yesterday on S&P 500 (SPX) broke below the previous day’s trading action for the first time since 11/4 when the market capped off a 9-day losing streak.  Also of note, for the first time since the Monday before the election, SPX dropped below, and closed below its 5-day moving average.  Russell 2000 (

Technical Analysis: The S&P 500 (SPX) traded higher in each of the four trading sessions last week, and closed at new all-time highs at 2213.  With the election behind us, the market should start to turn its attention to the Federal Reserve and the eventual rate hike that will come on December 14th when the next FOMC