The bounce away from the 4000 level on the NASDAQ continued yesterday on light volume. European markets were closed due to their Easter holiday which, I assume, contributed to the… read more →
Join the Discussion with Ian Woodward, Ron Brown, and the community of HGSI Investment Software users on Monday April 21 at 4:30pm Eastern Time (US and Canada) REGISTER We will… read more →
After Tuesday’s reversal, the Composite continued higher to gain 1.3% for the day. The index closed at 99.89% of its daily range, which tells us that buyers were strong into… read more →
Yesterday was a test for supply for the bulls below the 4000 level of the NASDAQ. This is why I always prefer to wait for closing prices on the indexes… read more →
Yesterday was a massive distribution day for the NASDAQ Composite. Decliners led advancing issues by a 7.78 to 1 margin on heavier volume to wipe out the Fed induced rally… read more →
Some strength came into the stock indexes about 1.5 hours before the end of the trading day, but the effort was half-hearted as selling intensified again during the last 1/2… read more →
Friday was a brutal down day for tech stocks, and biotechnology stocks in particular. The NASDAQ comp closed at 4127.23, slightly below my short term support level which I had… read more →
The stock indexes sent mixed messages on Friday. Volume was extremely heavy, and biotech stocks led the reversal to the downside, but there was strength in the Utilities, Materials and… read more →
Yesterday’s market shakeout after Janet Yellen’s comments about a potential interest rate increase created while gyrations in the market indexes and change what had looked like a very bullish situation… read more →
Small cap stocks led the market higher yesterday; in fact, both the Russell 2000 and the S&P 600 closed at 100% of their daily ranges. If you recall, in the… read more →