Extended Profit Opportunities
NYSE volume expanded to 1.44 billion shares, as all of the major indices advanced, led by the [QQQ|QQQ] at +2.4%. At 4:00 p.m. ET, the QQQs were 35.23, then were taken up to 35.58 with 3.7 million shares
Price Action Benefits Daytraders
The market action was excellent travel range for the daytraders with a 2:00 p.m. ET rally from the price action zones for the SPY, DIA, QQQ and SMH. These afternoon gains
Semis Hit Key Price Action Zone
The major indices put in another red week with the Dow -0.7%, SPX -1.2%, -2.1%, and Nasdaq -3.4%. This price decline continued
Learn It And Profit
The market action was choppy again as the travel range was up until 1:00 p.m. ET and then down into the close, similar to the previous day, but not as volatile. For example, the QQQ gave you a 1,2,3 higher
The Abnormal Is Normal
Thanks to the herd mentality and the media’s accelerating the crowd’s emotion, it was simply an excellent trading day for those of you who understand the “Core Framework” and my related strategies.
Trap Doors, Trap Doors, Trap Doors
There is no need to spend any time on
yesterday’s
market action between 9:30 a.m. – 4:00 p.m. ET, because there was none. The
SPX
Slim Jim Breakouts Galore — Did You Participate?
Another brokerage firm semiconductor downgrade yesterday provided some early opportunity for traders, but it was slow going as price rebounded some, then went sideways until the program lights lit up the board
The Scenario For This Week
It was simply another down week for the major indices, and there was nothing positive about the market action that was a week with a lower high and low. The SPX closed at 1112.81,
Price Retracement Zone
The market action yesterday was technology, mid-cap, small-cap all down and gold, drugs and [TLT|TLT] green. The SPX closed at 1109.10, -9.8%, and the Dow
Anticipate The Extended Zone And Take The RST Or 1,2,3 Entries
After three days down from the 06/30 quarter-ending marked-up high, the major indices had a minor up reflex day, with the SPX +0.2%, closing at 1118.32. The Dow [$INDU|$INDU]
The Table For Tuesday
Here’s Kevin’s table for Tuesday.
Pre-Holiday Trading – No Heroes Please
The 34th trading day (familiar number to some) of the SPX rally from 1076 – 1146, +6.5%, was an air pocket day right from the opening bell. It was also after the last day of the June report