Bearish confirmation
After a short-lived reversal attempt in the previous day’s session, stocks resumed last week’s bearish momentum, causing the major indices to suffer substantial, broad-based losses in yesterday’s session. The...
Read MoreAuthor: Deron Wagner
Nasdaq losing its recent relative strength?
ivergence was the dominant theme in yesterday’s market action, as the S&P and Dow bounced slightly off key support levels, but the Nasdaq registered a loss. Following through on bearish momentum from the previous...
Read MoreETFs breaking their June lows
After chopping around during most of the holiday-shortened week, stocks nosedived last Thursday, tipping the balance of power in favor of the bears. The major indices gapped sharply lower on the open, then drifted sideways to...
Read MoreShort setups in the Oil ETFs
Stocks opened up the new month in impressive fashion, as broad market indices raced more than 1% higher in the first hour of trading. The strong start was broad based and backed by healthy internals, so as the market...
Read MoreHead and shoulders on the S&P and Dow
Stocks concluded the last day of the first half of 2009 on a negative note, as the major indices sold off on higher volume. The bulls attempted to build on the previous day’s strength in the first half hour of trading, but...
Read MoreSeveral ETFs setting up for pullback entries
Like the previous day, stocks meandered through another choppy, range-bound session of trading yesterday, but morning strength still enabled most of the major indices to close in positive territory yesterday. The major indices...
Read MoreDivergent weekly charts of the Dow vs. Nasdaq
Stocks finished a choppy week of trading with a round of narrow-ranged, indecisive trading that caused the major indices to finish with mixed results last Friday. The Nasdaq Composite, which drifted higher throughout the day,...
Read MoreBiotech breakout
The Wagner Daily – June 26, 2009 Concise technical analysis and picks of the leading global ETFs Commentary: Following through on the previous day’s bounce off the recent lows, the main stock market indexes scored a...
Read MoreJust a shakeout in Gold?
The Wagner Daily – June 25, 2009 Concise technical analysis and picks of the leading global ETFs Commentary: After gapping higher out of the starting gate, stocks trended higher throughout yesterday morning’s...
Read MoreBearish consolidation ahead of the Fed
The Wagner Daily – June 24, 2009 Concise technical analysis and picks of the leading global ETFsCommentary: Stocks followed up Monday’s sell-off with a relatively quiet session of trading that left the major indices...
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