Bullish reversal action in major averages ($SPY) ($QQQ)

During a corrective phase in a bull market, price action should find support at the highs of the last valid…

11 years ago

Market uptrend in danger of reversing ($SPY) ($QQQ)

Thursday's bearish price and volume action did quite a bit of technical damage to the daily charts, as all major…

11 years ago

S&P 500 and NASDAQ Composite suffer a distribution day ($SPY) ($QQQ)

In early May, we sold short spot gold through buying Gold Double Short ($DZZ), an inversely correlated "short ETF." The…

11 years ago

Natural Gas ETF ($UNG) finding support

he Fed will release its decision on rates tomorrow afternoon, so as usual, we can expect a pick up in…

11 years ago

Market conditions continue improving, as oil reverses its dominant trend

Now, just a few days later, several of the key stock market indexes are at key technical inflection points that…

11 years ago

Bullish price action in SOLAR ETF ($TAN)

If the answer to all the above is yes, then conditions are improving and a new bull market is potentially…

11 years ago

S&P 500 holds the 50-day MA ($SPY)

As the broad market has been consolidating and digesting its recent gains over the past month, $SMH has been holding…

11 years ago

NASDAQ distribution piling up ($QQQ)

The piling up of distribution days the past two weeks forces our model in to neutral. Although there is enough…

11 years ago

Market volume pattern remains negative ($FDN) ($IHI) ($XLK)

Here are a few ETFs that are holding up well as of late (aside from $TAN and $SMH). After breaking…

11 years ago

Semis consolidating in bullish fashion ($SMH)

Like the broad based averages, Merrill Lynch Semiconductors HOLDRS ($SMH) may also need more time to consolidate before resuming the…

11 years ago