The market’s third attempt at its 200-day moving average was rejected on the “event risk” that just won’t quit — European sovereign debt rates plus our very own deficit negotiations saga. The...
Read MoreThe two-day mean-reversion trade, i.e. RSI-2 or DV-2 has become very popular. Though the performance of this trade has weakened lately (during late 2010-2011). So the twenty thousand dollar question becomes: Is the edge of this...
Read MoreRemember this Market Rewind classic Here is the updated run from this...
Read MoreClosing flat today was probably a bit surprising, after reading predictions of flash crash, 2008 analogies, or false break down articles last night. The deadline for the Super Committee to strike a U.S. budget deal is...
Read MoreUp and Down Volume are matched suggesting a range day even as price action looks relatively weak. So far daily bar support is holding, we’ll...
Read MoreNot pretty. Note how the early volatile congestion zone has resolved strongly to the downside, as well as how this current breakdown is an expression of a longer-term negative divergence (second graph from last night’s...
Read MoreWe gap down to start the day, because of worries out of Europe . The underinvested bulls stepped up but more bad news late took us below the 1240 SPX level that had been heavily defended recently. This opens up the door to 1220...
Read More… however, bulls appear again to be gaining the upper-hand going into the afternoon...
Read MoreThe market reversed off the lows in the morning and made an intraday high. Large cap technology stocks picked up the slack. Wednesday and Friday of the option expiration week before Thanksgiving had historically held a bullish...
Read MoreSo far a nice gap fill and retest, but really the narrowing triangle continues to form… Internals were mostly negative in the a.m. session, but bulls appear to be gaining the upper hand going into the...
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