Monday, April 6, 2009
XLK, XLE, XLB Setting Up Nicely
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The Technology, Energy, and Materials sectors are setting up the best for a position trade. I would not buy these names here because I antic...
Market Losing Momentum, In Congestion Zone
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There is now a negative divergence in Advancers and Upvolume, along with multiple levels of resistance. I wouldn't be suprised to see th...
Sunday, April 5, 2009
2002 Nasdaq vs. 2009 Homebuilders
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The S&P Homebuilder Index has been declining since early 2005, well before the market peaked in 2007. The issues in the real estate mark...
Tuesday, March 31, 2009
Small Bounce to end the Month
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The Dow rallied back up to it's 5 day moving average before selling off. Tomorrow will be an important trading day. I think we will end ...
Monday, March 30, 2009
Broad Based Selloff
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The market sold off hard today on news that the White House forced out CEO Rick Wagoner. Decliners to Advancers was 5-1, and Downvolume was ...
Saturday, March 28, 2009
Watching Breadth
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Here is a chart of the S&P with a 10 day moving average of advancers and upvolume plotted below. There have been multiple times within t...
Wednesday, March 11, 2009
741 Remains Key
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The market didn't do much today. It made a push early on to make a new high, and the sold off the rest of the day. We did get a little b...
Tuesday, March 10, 2009
Big Move 3/10
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The market made a nice move today, with most major indices up over 6%. The S&P ended up breaking out of it's trend channel late in t...
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