All Entries Tagged With: "SP500"
Video Review of the Indexes 8-29-2010
The indexes tested and validated key levels last week for the short-term and longer-term timeframes. So although not much progress was made, it was still technically a productive week for the market.
Video Review of the Indexes 8-15-2010
The first serious pullback in over 6 weeks arrived last week as the major averages came under pressure. Rising trend lines were broken, and cash was raised in light of renewed market concerns.
Video Review of the Indexes 8-8-2010
Last week proved to be another healthy one for the bulls. Quite a bit more happened than it appeared on the surface, as the indexes moved higher, tested uptrend lines successfully, and based quietly beneath key resistance zones.
Video Review of the Indexes 8-1-2010
A short-term peak was marked last week with Tuesday’s gap higher, and as per my tweet, it invited some profit-taking. That sparked a pullback into Friday’s lows, where dip-buyers closed the opening gap.
Video Review of the Indexes 7-25-2010
Last week was potentially big for the bulls, not only in the short-term, but for the big picture as well.
We saw something happen which hasn’t happened since April - a dip was bought! After a nice rally from the July 1st low, a pullback had set in. But given the magnitude of that rally, there [...]
Video Review of the Indexes 7-11-2010
The buyers went 4-for-4 last week with the major averages recovering what had been lost in the previous week of relentless selling. And for a holiday-shortened trading week, the action was quite good from start to finish.
Video Review of the Indexes 7-5-2010
The bears pitched a shutout last week, going 5-for-5 as the market continued its slide. New correction lows were reached in each of the major averages, reminding us all of the struggle this market is having to stabilize.
Support zones have been broken, and trends remain down, but with deeply oversold conditions having emerged, a bounce [...]
