2015 was a range bound market that lacked breadth. A few stocks like Facebook, Amazon, Netflix, Google, and Microsoft held up a weak internal stock market. 2016 went into a quick correction of over 10% from all-time highs. The energy sector and oil continues to go lower and lower. Small caps have fallen below […]
5 Signals That Will Prove the $SPY Could Reverse Read More »
There was a question asked on finance Twitter recently by a wealth advisor that went something like this: “Okay, so you got out of the stock market and into cash in your 401K, so when do you get back in?” Portfolio managers believe in the long term, with asset diversification and quarterly rebalancing of your stock holdings
When Do You Get Your 401K Back Into Stocks? Read More »
Last week, the market shifted from range bound to a short term downtrend as it broke through the October gap up in price. We have shifted to a market environment where selling the rallies short is being rewarded with profits, and buying dips and price weakness is being punished with losses. $SPY is trading
The Downtrend Cometh: $SPY Chart Read More »
Currently the stock market is still in a trading range. Stocks as an asset class are not under accumulation or distribution, they are being traded. $QQQ is the strongest index ETF as it is still holding above the 200 day SMA. $DIA $SPY and $IWM are all trading under their 200 day SMA as long
10 Fast Facts About the 2016 Stock Market Read More »
The $SPY chart remains in a neutral limbo. $SPY closed slightly under the 200 day SMA which is a signal of a lack of momentum, and shows the high potential for more downside before a bounce in price. RSI at 47.72 shows a lack of momentum and that there is still room for more downside.
10 $SPY Chart Facts 1/3/16 Read More »
The $SPY over the 200 day SMA puts us on the bullish side of the chart, but it hasn’t held all year as support. Last week’s up days were much lower volume than the previous week’s down days. We are entering a seasonally bullish time of year. “Technically, the Santa Claus rally time period
The $SPY Chart in the Neutral Zone Read More »
The stock market continues to be traded and not accumulated as we lack a trend in either direction as we close out 2015. Last week the market waited one day and then sold the FED interest hike news. This year continues to lack direction as no trend has emerged off the 200 day SMA. Volume
$SPY Chart Facts: Around and Around We Go Read More »
In 2015 momentum buy signals have failed consistently. The indexes have stayed inside a tight range. The stock market hasn’t given up profits this year to buy and hold investors or trend followers. 2015 is a range-bound market not giving bulls or bears a trend that they could trade for more than a week. The
Down is Up and Up is Down: $SPY Chart Read More »
Very strong bullish daily candlestick on Friday that overtook the Thursday high of day. A bullish candlestick that large leads to higher prices the majority of the time. Friday bounced strongly off the 200 day support Friday. The 200 day has gone flat but it is bullishly constructive to be above it. The 50 day
10 $SPY Chart Facts 12/6/15 Read More »
Bullish Facts about the $FB Chart All short term moving averages are over long term moving averages: 10 day over the 20 day and 50 day over the 200 day. Price broke above the 10 day EMA after being below it for four days. Price broke back above the 17 day descending trend line.
7 Bullish Facts about the $FB Chart Read More »