Sign inRecent Commentaries tagged (nasdaq)
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...
The Last Charts of the Decade!
OK, I got a new toy today so I’m going to put up some charts! Rather than my usual spreadsheets, I thought a visual representation of what I think is going on would be appropriate. So far this week, we have failed to break my levels, which were predicted by our own 5% rule way back in July. I...
Daily Stock Market Update
Stock Market: fresh signals. Consumer Discretionary Relative Strength Ratio (XLY/SPY) rose above its highs of the previous 32-months. Bullish. Technology (XLK) absolute price moved above its highs of the previous 15 months. Bullish. Emerging Markets Stocks ETF (EEM) Relative Strength Ratio...
Daily Stock Market Update
Stock Market: consolidation. S&P 500 has continued to consolidate gains since its intraday peak at 1,119.13 on 12/4/09. The first resistance is at 1,119.13. Support is at 1,083.74, the low of 11/27/09. The main trend remains upward. But the market has lost momentum. Price momentum indicators...
Daily Stock Market Update
Stock Market: rising commodity prices suggest growing confidence about global economic prospects. But is sentiment already too bullish? Materials Stock Sector Relative Strength Ratio (XLB/SPY) rose above 8-day highs on 12/16/09. XLB/SPY remains above its rising 50- and 200-day simple moving...
Stock Market Commentary – 2009.12.14
Below is a sample of our Daily Commentary. To get this comment, and our daily coverage of 15 additional markets and trade ideas, visit futures-research.com for your free 2 week trial! With a mostly favorable start to the new trading week, the bull camp seems to have picked up where it left off...
Stock Market Commentary – 2009.12.03
Below is a sample of our Daily Commentary. To get this comment, and our daily coverage of 15 additional markets and trade ideas, visit futures-research.com for your free 2 week trial! The stock market in most cases remained right on or into new highs for the year into the US Thursday morning...
Stock Market Commentary – 2009.11.27
Below is a sample of our Daily Commentary. To get this comment, and our daily coverage of 15 additional markets and trade ideas, visit futures-research.com for your free 2 week trial! The stock markets have followed through on the downside thrust seen into the Thanksgiving holiday. However, with...
Stock Market Commentary – 2009.11.25
Below is a sample of our Daily Commentary. To get this comment, and our daily coverage of 15 additional markets and trade ideas, visit futures-research.com for your free 2 week trial! The stock market is showing signs of forging some gains today and since it is the day before Thanksgiving, one...
