All Entries Tagged With: "Indexes"
Video Review of the Indexes 12-4-2011
The indexes ripped higher last week after a 7-session streak of declines, trapping overly aggressive bears with some huge opening gaps to the upside. And given the size of the advance, an intermediate-term higher low may have been established in the process. As we head into a brand new week of trading, let’s examine some [...]
Video Review of the Indexes 11-20-2011
Last week the indexes pulled back to test some important levels, with the NAZ actually cracking 2600. For the time being, support zones elsewhere are holding, leaving the door open for a rally higher within the range.
Video Review of the Indexes 11-13-2011
Last week we saw the major averages test important short-term areas to further validate the recent trading ranges, and the tests were passed. Now it’s up to the bulls to produce a breakout, but from a technical standpoint they’ve got some real positives going for them.
Video Review of the Indexes 11-6-2011
A sharp pullback to start last week left the indexes testing some important levels and filling some gaps, both of which proved to be technically beneficial for the market. Dip-buyers emerged to stem the losses though, erasing a fair chunk of the deficit from last Monday and Tuesday.
Video Review of the Indexes 10-30-2011
The indexes ran higher last week, bolstered by a European debt deal which had been anticipated for quite a while now. With stocks rallying ahead of the news in recent weeks, the actual event actually prompted additional buying rather than a sell-the-news response. As a result, new recovery highs were established across the board.
Video Review of the Indexes 10-23-2011
As we head into a brand new week of trading, let’s examine some important levels to keep an eye on in the days ahead.
Just What the Bulls Need
A day or two of rest are a healthy way to digest that move, particularly for the case of the bulls.
