If you are looking for a trend on the daily or any clue as to the direction of this market, you won't find it by looking at the daily chart on the S&P 500 (SPX). In fact, you will have to drill down into the intradays, namely the hourly or [...]
Technical Outlook: Friday marked the end of a very dull trading week for the S&P 500 (SPX) which only traded in a 25 point range and saw a weekly change of only 0.18 points. SPX continues to find support at the 20-day moving average and refusing to close below it. SPDRs S&P [...]
Technical Outlook: Solid earnings reports from the big companies aren’t helping to lift the market at all from its current trading range. Today we’ll see if Amazon (AMZN) or Alphabet (GOOGL) can pull it off. The trading range over the last 11 trading sessions has been less than 1% – [...]
If you’ve been following this market over the last two trading sessions there are probably a millions things that you can think of that would be more productive than watching the current state of price action. Watching grass grow Watching paint dry Watching Jim Cramer – No wait, no….I don’t [...]
