All Entries Tagged With: "Indexes"
Video Review of the Indexes 12-20-2009
The bulls remain in the driver’s seat as we close in on the end of the year, but do they plan to finish strong? An opportunity certainly awaits them if they can produce a breakout, but with light volume and a holiday-shortened trading week, expectations may be low.
Video Review of the Indexes 12-13-2009
This market is at home on the range, and just one glance of the daily charts over the past several weeks makes it clear that the standoff between buyers and sellers is still in effect.
Video Review of the Indexes 12-6-2009
The major averages each pushed north of new highs last week, but only temporarily. Intraday milestones simply don’t carry the same weight as those which occur on a closing basis, and last week proved to be no different as resistance was cleared, only to be given right back by the end of the session on [...]
Video Review of the Indexes 11-22-2009
A push to new highs just happened once again, and the bulls remain in control of the tape despite the weak finish which erased the gains from earlier in the week. Higher highs in place means the uptrends are still intact, and that certainly deserves our respect.
Video Review of the Indexes 11-8-2009
After a pretty decent pullback from the October highs, the dip-buyers were faced with another opportunity, and last week they began to do their thing once again. An upside reversal on Monday paved the way for higher prices to come, and by the end of the week a respectable bounce was here.
Video Review of the Indexes 11-1-2009
The major averages sold off hard last week as profit-taking dominated the action. The lone advance happened on Thursday, but Friday’s selling pressure alone had no trouble erasing it.
Oversold Bounce or Higher Low?
Following an impressive surge higher from early October, the market has finally taken a breather. The pullback of the past week has offered at least a short-term change of character that has my attention - and yours as well, I’m sure.
