Although the S&P 500 (SPY) was back down again by -0.2% after volatile sideways trade, the tech-focused NASDAQ 100 (QQQ) and small-cap focused Russell 2000 could be signaling an end-of-month rescue comeback, both higher by...
Read MoreThis morning had promise, but when support quickly gave way, the buyers quickly faded into the hot summer weekend. Its bearish Friday and there is a spike in the VIX. The pre-weekend swoon has been one of the more...
Read MoreThis is the second day in a row internals have not confirmed price rebounds, and here is the result back down to S1, then back off the VWAP, with 200-day support looking more and more tentative. As BZB trader just pointed...
Read MoreThe early failure resulted in an almost 2% quick drop testing the 200 day moving average, then a very quick bounce back. The wild action post FOMC continued after a weak unemployment report and the International Energy...
Read MoreThe two-hundred days are holding for now (well, exception QQQs), but look at accumulative tick and consider the proposition that the more key levels are tested, the higher the risk of a more serious...
Read MoreJust when you thought it was safe to get back in the water the FED does a whack-a-mole and closes the door on QE2. Actually, this was the pre-set course with July 11th already announced as the end of POMO but traders are an...
Read MoreIt’s difficult to draw anything actionable out of the Bernanke news conference, but Pimco’s Bill Gross is hinting at QE3. If Bill Gross is right, then the Fed isn’t seeing the same economic path as Gross...
Read MoreAfter a weak bounce Monday, a gap up open this morning created a large short squeeze that didn’t reverse quickly. After all the media buzz, I doubt anyone still believes that Greece wasn’t going to be bailed...
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