Technical Outlook (SPX): SPX drifted higher yesterday, and saw early morning weakness get quickly bought up. Following Friday’s breakout, we have a nice series of higher highs and higher lows on the 30 minute chart of SPX. Nasdaq has pushed higher for 10 straight days – a rarity by any measure, with the negative
Technical Outlook (SPX): Sixth straight day where SPX spent the majority of the day digging itself out of the hole, yet managing to finish near break even or higher. Futures are pointing slightly higher for /ES which is a rarity these days. Volume was off yesterday and well off of the previous day’s volume
Technical Outlook (SPX): SPX cooled off yesterday, albeit barely, finishing slightly lower for only the second time in six trading sessions. 5-day moving average continues to represent a short-term rising support level, that SPX has held Volume continues to be particularly weak across the board, especially with SPY. However, we’ve seen this numerous times
Technical Outlook (SPX): Additional follow through yesterday on SPX that pushed price just below 2100 at the close. Volume on SPY remains very light. SPX 30 minute chart exhibits a very strong upward trending market that has yet to show any signs of breaking. Despite the recent rallying over the past two weeks, the
Here's tomorrow's swing-trading watch-list: Long Microsoft (MSFT) Long Marathon Oil (MRO) Long Textron (TXT) Long KBR Inc. (KBR) Long Linear Technology (LLTC)
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