Equities Flip-Flop As Trading Sentiment Turns Shaky: Stocks flipped-flopped ending the day with modest losses as traders changed sentiment from positive to negative several times. The Dow changed from up 30 to down negative 30 in the current extended rally that hasn’t had much of a correction. Our technical analysis chart/relative strength indicator/distribution analysis for the…
The Most Hated Stock Market Rally Just Got More Institutional Friends: Stocks jumped yesterday as more smart money stayed bullish and shorts were forced to spend money on ‘shovels’. Some of the “hold your nose buying” we said would occur happened as big players stepped in and a parabolic move up took shorts out of the market.…
S&P 500 trend is rangebound/upward: The S&P 500 pulled back to levels that were considered support on Friday after a dismal jobs number was announced showing a gain of only 88,000 new employed people for the month of March 2013. The stock market was extremely resilient considering the bad data as well as the negative…
S&P 500 Upward Trend Still In Tact, but…. Standard And Poor’s technical analysis update for the SPY after the recent all-time high March 2013. The spider exchange traded fund, the SPY shows an upward trend but this could mean some traders may begin trying to fade the rally. Look for strong downside breaks and late…
Dow Has First 9 Day Winning Streak Since 1996 On February 2013 Retail Sales, Traders Cautious: When will we start talking about the Fed again? Traders picked up on upward momentum in midday trading as the Dow rose marginally in a cautious trading environment. The Dow Jones Industrial Average barely gained for the day closing…
