Short term, downside momentum appears to be broken. The market already may have worked off considerable amount of the high level of bullish sentiment registered earlier this month. Some market indicators got oversold enough to...
Read MoreMajor stock price indexes retreated on Tuesday to test the lows of Friday and Monday. S&P 500 (SPX) Cash Index tested Potential Support: 1089.99 is the Gann 12.5% retracement of the 2009-2010 range, and 1089.86 is the...
Read MoreMajor stock price indexes firmed slightly on Monday, consolidating last week’s losses. Indexes closed below their 50-day simple moving averages on Friday 1/22/10, which some interpret as bearish for the short-term trend. Still,...
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 102 percentage points...
Read MoreThe 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 prices only). The largest decline was 7.09% over 28 calendar...
Read MoreS&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 the highs of the previous...
Read MoreS&P 500 Composite (SPX) briefly dipped below 9-day lows at about 11:00 a.m. on 1/20/09 but bounced back into its trading range by the close, thereby showing resilience. Health Care Stock Sector Relative Strength Ratio...
Read MoreThe DJIA, S&P 500, NASDAQ Composite, and the NYSE Cumulative Daily Advance-Decline Line all rose to new 15-month highs, thereby confirming a broad-based, major uptrend for the general market. All 3 indexes remain well above...
Read MoreS&P 500 Composite (SPX: 1,136.03) fell 1.08% for its biggest single-day loss since 12/31/09, which happened to be a low. SPX broke below the lows of the previous 5 trading days but held above its nearest support of...
Read MoreBased on prices as of the close on Friday, January 15, 2010. 4-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...
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