Sign inRecent Commentaries tagged (nasdaq)
Leading Sector ETFs – Reaching New Highs
The NASDAQ100 and NASDAQ Composite closed last week up 85.0% and 87.1%, respectively, from the March 2009 lows and above previous resistance (52 week high). Although the S&P500 managed to break through the previous swing high it closed at 1,149.99, just below that resistance level of 1,150.45, a...
Stock Market: aggressive stocks are outperforming, while defensive stocks are underperforming.
Stock Market: aggressive stocks are outperforming, while defensive stocks are underperforming. The broad market is strong. NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs while absolute price of the NASDAQ rose above 18-month highs. Industrial Stock Sector Relative...
Stock Market: some mixed signals noted…but still mostly bullish.
Stock Market: some mixed signals noted…but still mostly bullish. NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs while absolute price of the NASDAQ rose above 18-month highs. Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose further above 4-year...
Stock Market: bullish trend signals highlighted, below.
Stock Market: bullish trend signals highlighted, below. The following financial instruments rose to new n-period highs and are in bullish position above rising 50- and 200-day simple moving averages, and the 50 is above the 200: Consumer Discretionary Stock Sector Relative Strength Ratio...
Stock Market: Further Signs of Strength Are Popping Up.
Stock Market: further signs of strength are popping up. The following three financial instruments are in bullish position above rising 50- and 200-day simple moving averages, and the 50 is above the 200: Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose above 3-year...
Stock Market: Consumer Discretionary, Industrial, NASDAQ Composite, and Bonds gave bullish signals.
Stock Market: Consumer Discretionary, Industrial, NASDAQ Composite, and Bonds gave bullish signals. Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose further above 3-year highs and remains in bullish position. Absolute price of XLY rose above 16-month highs to confirm...
Stock Market: Industrial Stock Sector Relative Strength Ratio is in a persistent uptrend
Stock Market: Industrial Stock Sector Relative Strength Ratio is in a persistent uptrend. Industrial Stock Sector Relative Strength Ratio (XLI/SPY) rose further above 13-month highs. Absolute price of XLI remains in bullish position relative to its 50-day and 200-day simple moving averages. ...
Stock Market: Higher Highs Confirm Uptrends
Stock Market: higher highs confirm uptrends. The Dow-Jones Industrial Average and the NASDAQ Composite both gave bullish signals when price closed above 50-day simple moving averages. Both remain above 200-day simple moving averages. S&P 500 Composite (SPX) rose above the highs of the previous...
Stocks Above 50MA
While it’s very possible we could see a few days of buying, we’re not oversold by past standards. We still need to fall through the 20 level and then see some positive divergence before a meaningful bounce can occur.
Stock Market: S&P 500 bounced up 1.43%
Stock Market: S&P 500 bounced up 1.43%, for the best gain in 4 weeks. Various short-term momentum oscillators, such as RSI 14, rebounded to their highest levels in 6 trading days and now show bullish divergence compared to price. Given that the market was nearly as oversold as in July 2009, a...
S&P 500, NASDAQ break price, volume trend lines
January 26, 2010: The S&P 500 and NASDAQ 100 have broken their long term price and volume trends that began back in March 2009. Dow broke its price trend but not the volume trend. We will look at the exchange traded funds (ETFs) of three indicies which are SPY (for S&P 500), QQQQ (for NASDAQ...
Stock Market: world markets correcting…the biggest 3-day drop in 10 months
Stock Market: world markets correcting…the biggest 3-day drop in 10 months…working off excessively bullish sentiment earlier this month. The S&P 500 Composite (SPX) fell 5.08% over the past 3 trading days. It was the 4th decline in the 5% to 10% range since the bottom on 3/9/09 (based on closing...
Stock Market: short-term counter trend downside corrections
Stock Market: short-term counter trend downside corrections within a long-term uptrends confirmed. S&P 500 Composite (SPX) broke down below 12-day lows on 1/21/2010, thereby confirming a minor downside correction, which many felt was long overdue. More importantly for investors, SPX rose above...
Chart Presentation: The Decade Trend
About five years ago we started arguing that there was a similarity in the general themes through the past few decades. We suggested, for example, that crashes and crises tended to occur in the ‘7’ and ‘8’ year followed by speculative asset price recoveries into the start of the new decade. With...
2009 in Review, 2010 Forecast: Equilibrium and Dilemma
By: Fernando Gonzalez, EvolutionTrading.net January 3, 2010 It’s that time of year to make grand assessments. In order to understand where the Equity Markets are at now, and discuss the possibilities of the future, let’s take a look back a little bit, before looking ahead: 2009 ended-up as the...
