See, the chart says so... Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates…
SPX has negated the minor slip below the January high we noted in NFTRH 516. It is back above that level and today made a move to break a short-term…
I can't emphasize enough how important it is for us to be open minded to future outcomes even while having favored views. We've done a lot of work on the…
[edit] A subscriber reminds me that tomorrow is SOMA day at the Fed, further complicating things. Ref. this post from mid-month: SOMA That End of Month Bearishness?. At least that…
It's a pattern and that is the caveat. We TAs see them and get very very excited. After being long the Cube out of the late March low I am…
SPX is encumbered by its constituency, which includes some pretty rough looking sectors and so it follows that is relatively weak compared to big Tech, which the media had all…
Time for what is becoming a regular look at these major US indexes* as they grind along in their potential bounce patterns through the ups and downs of the inflammatory…
What the hell, let's continue to do some play by play calling on these indexes the way day traders do. Yesterday we noted... Still leaning toward a bounce to at…
Well, they got reversed in-day but I am still leaning toward a short-term scenario where the market at least tries to fill a Trade War hype gap or two. It…
Ref. the 2 previous looks at the 30 min. charts of NDX & SOX. Thing 1 & Thing 2 Here is the updated chart from those posts. Boink, these leaders…
When last we left our leaders they had not yet plunked the moving averages. NDX fills one gap with another down at support, which is in the 6950 area. SOX…
NDX fills one gap with another down at support, which is in the 6950 area. SOX is trying to fill the first gap. A drop below the moving averages would…
[edit] I shorted the bounce. What the hell, worth a try. I am not so sure big tech will get off that easy, where are couple hard down days are…
A couple days ago we looked at who was in an Ascending Triangle. It was the NDX, which was following its leader, the Semi index. We have long followed the…