The S&P 500 Composite (SPX, 1,253.30) fell 31.79 points or 2.47% on Monday, October 31, 2011. SPX surrendered most of the gains made last week. SPX crossed back below its 200-day SMA, which may upset some trend-following...
Read MoreThe S&P 500 Composite (SPX, 1,285.09) rose 0.50 points or 0.04% on Friday, October 28, 2011. SPX rose 3.78% for the week. The robot, trading algorithms that trade 24 hours around the clock had quite a week. All of the U.S....
Read MoreThe S&P 500 Composite (SPX, 1,284.59) rose 42.59 points or 3.43% on Thursday, October 27, 2011. SPX price rose above the highs of the past 12 weeks, penetrated substantial technical resistance from 1246.73 to 1258.07, and...
Read MoreThe S&P 500 Composite (SPX, 1,242.00) rose 12.95 points or 1.05% on Wednesday, October 26, 2011, thereby making back half of its loss on Tuesday. The close was nearly the same of the open, for a Spinning Top Candlestick,...
Read MoreMany Markets Appear to be Ending 3-Weeks, Counter-trend Corrections. S&P 500 turned down from 61.8% Fibonacci resistance. The S&P 500 Composite (SPX, 1,229.05) fell 25.14 points or 2.00% on Tuesday, October 25, 2011. SPX...
Read MoreThe S&P 500 Composite (SPX, 1,254.19) rose 15.94 points or 1.29% on Monday, October 24, 2011. SPX rose above the highs of the previous 11 weeks, confirming a short-term upside correction. NYSE volume fell 14% and was 11%...
Read MoreThe S&P 500 Composite (SPX, 1,238.25) rose 22.86 points or 1.88% on Friday, October 21, 2011. Sensitive price momentum indicators have not been confirming price for several days. There remains a bearish price momentum...
Read MoreCopper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) price fell sharply again, breaking down below the lows of the past 10 trading days on 10/20/11 and thereby confirming a bearish trend for the short term. JJC broke down below...
Read MoreThe S&P 500 Composite (SPX, 1,225.38) rose 24.52 points or 2.04% on Tuesday, October 18, 2011. SPX probed the top end of its 10-week trading range. The stock market is overbought for the short term. Sensitive price momentum...
Read MoreUtilities and Consumer Staples Relative Strength Ratios both rose in my long-term rankings, reflecting a turn toward a more defensive mood. Financial sector Relative Strength Ratio (XLF/SPY) fell below the lows of the previous...
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