The S&P 500 Composite (SPX: 1,249.64) closed below the lows of the previous 2 trading days and fell below its 200-day SMA (now at 1258.87) on 12/28/11. The 50-day SMA has remained bearishly below the 200-day SMA every day...
Read MoreThe S&P 500 Composite (SPX: 1,265.43) traded higher most of Tuesday before surrendering all but 0.01% of its gain in the final 53 minutes of trading. It was the 5th consecutive up day for the SPX. Stocks are overbought....
Read MoreUtilities, Consumer Staples, and Health Care stock sector ETFs rose above previous price highs, looking back to July 2011. These “Defensive” sectors have been the strongest sectors for many months. The Dow Theory...
Read MoreU.S. dollar ETF (UUP) stabilized following a minor 4-day pullback within its larger uptrend. Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) stabilized following a minor 2-day price pullback within its larger uptrend....
Read MoreNASDAQ Composite/S&P 500 Relative Strength Ratio broke down below the lows of the previous 63-months on 12/21/11 and has been trending lower since peaking on 9/23/11. Technology stock sector Relative Strength Ratio...
Read MoreThe S&P 500 Composite (SPX: 1,241.30) opened higher on a gap and added to early gains throughout the day. SPX rose above the highs of the previous 4 trading days and closed up 2.98%. SPX price crossed above its 50-day SMA...
Read MoreThe S&P 500 Composite (SPX: 1,205.35) opened higher but soon turned down. SPX fell below the lows of the previous 12 trading days and closed down 1.17%, confirming its short-term downtrend. The path of least resistance...
Read MoreThe S&P 500 Composite (SPX: 1,219.66) rose in the first 50 minutes but surrendered most of the early gain by the close. The path of least resistance still may be down for the short term. SPX price remains below both its...
Read MoreThe S&P 500 Composite (SPX: 1,215.75) consolidated recent losses in relatively inactive trading. The path of least resistance still appears to be down. SPX price remains below both its 50-day SMA and 200-day SMA, and the...
Read MoreThe S&P 500 Composite (SPX: 1,211.82) absolute fell below the lows of the previous 9 trading days on 12/14/11 and closed down by 1.13%. Similar weakness was confirmed by most other indexes. SPX price is below both its...
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