I don’t see many indications that this market wants to go down yet, other than the lack of demand yesterday based upon lower volume, and the inability of the Composite… read more →
The major stock indexes broke out to new intraday highs, but profit taking at the end of the session pushed the SP back below a closing record. The NASDAQ Composite… read more →
Expiration Friday created some heavier volume, but the NASDAQ composite remains in a short-term uptrend. The composite did gap open, and closed at 6.67% of its daily range, so I… read more →
Yesterday the NASDAQ gapped down from Tuesday’s closing price, struggled to move up, and then closed near its low on slightly heavier volume than on Tuesday. It turned out to… read more →
The NASDAQ Composite closed strongly above the resistance area of 4250 to close at 4272.7798 at 86.53% of its daily range. Just before the closing bell, the index was trading… read more →
The push off of support at the 4000 level for the NASDAQ was accomplished with less than normal volume. The top chart below is a weekly chart of the Composite,… read more →
The NASDAQ Composite is near breakout stage, the NASDAQ 100 has broken past resistance along with the Dow Jones Utilities index, but the rest of the major market indexes are… read more →
Late in the day there was profit taking in the NASDAQ Composite stocks, and the index formed a spinning top. Had it not been for some last minute buying, the… read more →
The NASDAQ continued its rally yesterday and pushed through short term resistance around the 4135 area to close at 4148.17. Volume was lighter that on Friday, and the candle had… read more →
The initial reaction to the employment numbers gave the bears hope as stock futures collapsed, but their hopes were quickly dashed when the futures reversed to the upside. By the… read more →