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Daily Stock Market Commentary via Technical Analysis and… Movie Discussions |
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Stock Market Analysis: 11/19/2009 on Nov 20, 2009 in Stock Market DJIA IWM QQQQ SPY technical analysis TRAN Indexes opened significantly lower after overnight weakness and sellers were out in full force this morning. The Russell 2000 (-2.49%) and financial sector (-1.94%) lead the way down today but the market drifted higher from the 11AM market lows for a...
Stock Market Analysis: 11/18/2009 on Nov 19, 2009 in Stock Market Another inside day. Not much to talk about except that the ES 1100 is a multi-day support worth watching with a careful eye. At this point, there is no technical reason whatsoever to be short. We are above a rising 20-day moving average and the path...
Stock Market Analysis: 11/16/2009 on Nov 17, 2009 in Stock Market Indexes opened significantly higher this morning and we almost got a trend day if not for some late day weakness. The SPY finally broke above 111 convincingly and is closing in on that widely watched 50% retracement of the entire crash. Expect some s...
Weekend Stock Market Analysis: 11/16/2009 on Nov 15, 2009 in Stock Market Blue chips large caps continue to outperform while the more speculative issues of the Russell 2000 and banking sector are showing relative weakness. The S&P in consolidation mode at this point but next week should provide fodder for a break out o...
Stock Market Analysis: 11/12/2009 on Nov 13, 2009 in Stock Market We are seeing some light distribution as the Nasdaq and S&P are trying to push above their previous October highs and double-top players are in action. So far, the market has drifted down for two days in a row on light volume. This could pick up...
Stock Market Analysis: 11/11/2009 on Nov 12, 2009 in Stock Market A significant gap up in the morning made things look interesting as for the possibility of another up-trend day. However, we quickly saw weakness and ended up retracing the entire overnight gap. This was a fairly choppy and frustrating session as we...