These are my thoughts about the NASDAQ Composite bounce and rally off of the critical support level of 4000. Also, I preview some candlestick scans which will be released at… read more →
Just when it looked like the Bears had a chance at regaining their swagger along with a decent correction, the market does the unexpected and snaps back with a 1.14%… read more →
After a slight gap down opening from the prior day’s close, the NASDAQ Comp managed to rally back to close above the critical support level, which is right around 4000. … read more →
Yesterday was an inside day for most of the major indexes which formed a Bullish Harami. The Harami candle pattern indicates that at least for the day, the Bulls stepped… read more →
I doubt if many saw the extent of yesterday’s selloff coming. It was one of those days where fear of loss engulfed the market, and when the prior day’s low… read more →
January was not a positive month for the stock indexes, but none of the indexes have fallen to what we consider a minor correction level of 8% as of yet.… read more →
After a strong bounce yesterday, stock futures are trading sharply lower this morning following the European Markets on deflationary fears, and a weaker than expected German retail number. This is… read more →
In spite of the extremely negative day for stocks, the NASDAQ Composite managed to close just one point below Monday’s low, which is now very short term support. I still… read more →
Stocks rallied yesterday, but the total volume, although relatively heavy, was muted compared to the prior two days. The NASDAQ composite closed strongly at 94.24% of its daily range, but… read more →
The NASDAQ composite managed to rally back above the 4100 level before succumbing to selling pressure once again near the end of the trading session. An objective look at the… read more →