S&P 500 Composite (SPX) closed lower but held above Friday’s intraday low. SPX remains well above its rising 200-day simple moving average now at 1019.89. Various short-term momentum oscillators, such as RSI 14, turned down...
Read More4-Year Outperformance by the Top 10 Exchange Traded Funds Weekly Rankings of Major Trend Relative Strength My weekly Top 10 ETFs ranked by the Major Trend Relative Strength outperformed the S&P 500 by 92 percentage points...
Read MoreFriday’s price action in the stock price indexes qualifies as a hammer, which is a bullish reversal candlestick pattern in a downward price trend. The hammer has a long lower shadow much greater than the small real body and has...
Read MoreS&P 500 Composite (SPX) fell 3.11% for its biggest one-day drop in 10 months. Various short-term momentum oscillators, such as RSI 14, also fell steeply but still held above last week’s low, showing bullish divergence...
Read MoreConsumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose above the highs of the previous 34 months on 2/3/10. XLY/SPY remains above its rising 50- and 200-day simple moving averages. Absolute price of XLY rose...
Read MoreThe S&P 500 rose above the highs of the previous 6 trading days. Various short-term momentum oscillators, such as RSI 14, rebounded to their highest levels in 8 trading days and show bullish divergence compared to price....
Read MoreVarious 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...
Read More4-Year Outperformance by the Top 10 Exchange Traded Funds Weekly Rankings of Major Trend Relative Strength My weekly Top 10 ETFs ranked by the Major Trend Relative Strength outperformed the S&P 500 by 97 percentage points...
Read MoreThe recent 8-day stock price decline suggests normal profit-taking on news of generally strong earnings reports. Normal behavior in a bull market is for prices to run up before expected good news then sell off on the actual...
Read MoreThe recent 7-day stock price decline suggests normal profit-taking on news of generally strong earnings reports. Normal behavior in a bull market is for prices to run up before expected good news then sell off on release of the...
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