If You Decide To Play Any Breakout, Try This…
The market action was slow before the FOMC, as expected, but it was worth the wait for traders to hang around, as the spike up on the last day of the June report card started on the SPX
Leadership Needs Semis’ And Brokers’ Help
The SPX ended the trading session as a narrow-range inside day and +0.3% to close at 1136.23. The range was only 6.4 points, but it was trend up above the opening as traders had opportunity. T
Daytrading Opportunity
The SPX moves from 1124 to 1146 and back to 1132 has been some needed travel range for the synthetic straddles, and I expect that to reverse again this week. The SPX closed y
The Table For Monday
Here’s Kevin’s table for Monday.
The Table For Friday
Here is Kevin Haggerty’s table for Friday.
It Was A Slim Jim Bonus Day
The SPX was taken out of its flag pattern above 1135-1136 as the program lights lit up at 3 PM. The SPX was in a Slim Jim from 12:15 pm until the last hour breakout, which forced technical buyers
You Were Ready For The Semis, And They Didn’t Disappoint
The SPX had a lower high and lower low, 1124.37 vs. the previous day, but did have a higher close at 1134.41, +0.4%, while the Dow [$INDU|$INDU] was +0.2% to 10,395. NYSE volume
Opportunity In Indices
The rally from the 05/06 low of 108.05 to 114.92 on 06/08 was on declining volume, and this eight-day retracement to the 20-day EMA has been on
Focus Both Ways On Semis And Brokers
You have to love “the game,” provided you understand it and plan for what it is. I have included the [SPY|SPY] chart that shows you the trader’s bonus on Friday. T
Make Your Semiconductor Focus List
At the close, the SPX and Dow were almost unchanged, and in fact, that has been the case for the past three days, as the Dow
The Calm Before The Storm
The major index market action is summed up with just the 4.7 point SPX daily range yesterday. It doesn’t get tighter than that. That will change today
Don’t Get Too Cerebral About Flash Price Moves
The SPX rallied 18 days off the 1076.32 low to the 06/08 1142.18 high, a gain of +6.1% low to high. It was an advance from a short-term oversold c