Category: Stock Index Trading
The analysis published under this category are as follows.
Wednesday, November 18, 2009
Stock Market Consolidation Continues...Bullish Overall Action.... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
Once again, with the market so close to breaking out, the bears could not take this market down appreciably. Oh, not for lack of effort. That's for sure as the bears tried all day to take things down, but could never gain any steam or momentum. Every bout of selling was met with some type of buying, if not just enough to keep things over 1100 on the S&P 500. Not enough to blast up and out but enough to keep the status quo.
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Tuesday, November 17, 2009
Stock Market Starts the Week with a Sharp Rally / Stock-Markets / Stock Index Trading
By: Harry_Boxer
The markets were up again in a very sharp rally to start the week. The day started out with a gap up and a very strong rally that took them to new 2009 highs. They then backed and filled for a few hours and then made nominal new highs above that, reaching 1814 and change on the Nasdaq 100 and close to 1114 on the S&P 500. Then a quick sharp sell off ensued, but in the last 20 minutes they snapped back to close positive.
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Tuesday, November 17, 2009
Stock Market Driving Us All Nuts... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
You don't want to short a market in a confirmed up trend. At least not very often. I mean, why go against the trend in place. For the most part, this will just bring about bad results. On the other hand, as we trade closer to the top of the range, the market doesn't seem to want to explode up and out either. You do have to hand it to the bulls overall though. Even though they can't seem to break away from S&P 500 1100, they are keeping the pressure on the bears seemingly day after day. Like a boxer who doesn't have the power to knock out his opponent but who wins the fight by jabbing his opponent in to submission.Read full article... Read full article...
Monday, November 16, 2009
Dow Trading Triggers Quick Update / Stock-Markets / Stock Index Trading
By: Nadeem_Walayat
Simon asks : > Dow hit 10425, what's next ?
Its not my intention to turn The Market Oracle into a short-term trading signals site. However as you asked -
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Monday, November 16, 2009
Dow and S&P Major Stock Market Indices Collide / Stock-Markets / Stock Index Trading
By: INO
On Wednesday, 11/11/09, the Dow Jones Industrial Index rallied to a 50% retracement level based on MarketClub's Fibonacci measuring tool. The action today indicates that this level is very important and that it could be an important top for this market.
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Sunday, November 15, 2009
Stock Market Failed Bearish Technical Setups May Be Bullish / Stock-Markets / Stock Index Trading
By: Steven_Vincent
"When a market doesn't do what it should do when it should do it then it may be about to do the exact opposite in a big way".
In spite of a slew of ostensibly bearish technical setups, the equities markets have refused to sell off. These technical failures may have setup a potentially powerful bullish resolution.
Sunday, November 15, 2009
Stock Market Trend Too Uncertain to Call / Stock-Markets / Stock Index Trading
By: Peter_Navarro
Two weeks ago I called a market top, and the market proceeded to move up. In response, I covered my net short positions and remain in cash. I continue to ponder whether I was too early in my call or flat-out wrong.
To ponder this with you, some first principles here: (1) Speculate, never gamble; (2) the stock market is a leading indicator of the economy; (3) Use both technical and fundamental analysis to identify the trend of the market, a sector, or a stock.
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Sunday, November 15, 2009
Stocks Bull Market Swing Juncture? / Stock-Markets / Stock Index Trading
By: Nadeem_Walayat
In Britain the big story of the week was concerning Gordon Browns spelling mistakes riddled condolence letter to the mother of a soldier killed in Afghanistan which was publicised vocally by the Sun newspaper and Sky News. However the real story behind this is the brewing war between the mainstream media represented by the likes of Rupert Murdoch's News International and the internet represented by Google which allows access to a near infinite alternative sources of information.
Saturday, November 14, 2009
Stock Market S&P500 Knocking at the 1100-1007 Door / Stock-Markets / Stock Index Trading
By: Piazzi
We expected a bounce, and we got a bounce, but, looking at a larger frame, what I see is that despite all the drama and the angst, S&P has done absolutely nothing for weeks
Saturday, November 14, 2009
Stock Market Rally is Worth Shorting Here / Stock-Markets / Stock Index Trading
By: Alistair_Gilbert
The S&P has been taking no hostages from the onslaught of Bears who have tried shorting it as it has climbed the wall of worry and advanced some 65% since the March lows. So is it worth shorting here at 1095? I am going to present here my evidence as to why I think that it is worth shorting here.
Saturday, November 14, 2009
Stock Market Six Week Lateral Base In Place...... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
We get towards the top of our 6-week lateral bases and it looks like we'll finally break out. It's the exact same story as when we get towards the bottom of our existing bases. Breakdown looks inevitable. It gets very emotional at both ends because the consequences of a breakout or breakdown are large. The market is likely to have quite a large move once we get a decisive break and thus the emotions get intense. The only problem is, neither side is getting what they want, and there's a good reason for that. There is a lot of good news from both the economic and earnings front. That's the bullish case.
Friday, November 13, 2009
Have the Dow and S&P500 Reached a Major Turning Point? / Stock-Markets / Stock Index Trading
By: INO
On Wednesday, 11/11/09, the Dow Jones Industrial Index rallied to a 50% retracement level based on MarketClub's Fibonacci measuring tool. The action today indicates that this level is very important and that it could be an important top for this market.
Friday, November 13, 2009
Stock Markets Look Range Bound For Now / Stock-Markets / Stock Index Trading
By: Jack_Steiman
The market got to the top of the wedge and decided it was time again for another pull back in the pattern. We did have a doji yesterday and that can cause some near term down side off the up trend in place. Action which allows the market to unwind from overbought on those 60-minute time frame charts. We started the selling off that doji today that took nearly 1% off the averages. Obviously, nothing from nothing, but it was a fairly good down day with the majority of stocks leading lower. That's good as it allows the leaders a breather.
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Friday, November 13, 2009
Stock Market Reversal Session / Stock-Markets / Stock Index Trading
By: Harry_Boxer
The indices finally backed off as profit taking finally set in, but they started with a bang to the upside early on and hit nominal new 2009 highs before they began to back off in the morning.
At that point they began to stair-step lower in a nice orderly down-channel all day. I'm not sure if that means we're getting the start of a significant down move just yet, but we'll see if they can at least get downside follow-through in the next day or two.
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Thursday, November 12, 2009
Stock Market Hesitation At Resistance...Some Doij's.... / Stock-Markets / Stock Index Trading
By: Jack_Steiman
Doji's today, which mean an equal number of sellers to buyers, once we gapped up early on says, there could be a pause in the bullish action over the next day or so. It doesn't have to take place, but be prepared for that possibility. It says the possibility is made more real by the fact that we're at some really tough longer-term resistance at 1101 S&P 500. That doesn't mean individual stocks can't be owned. It simply tells us that having too much exposure, say 50% or more right here, makes little sense, and you have to own the best of each sector if you do own stocks. Own stocks that have unwound or have gaps underneath them so there's strong support.
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Thursday, November 12, 2009
Support Holds as Stock Market Indices Eek Out More Gains / Stock-Markets / Stock Index Trading
By: Harry_Boxer
The markets managed to eek out another gain today, although they had a rough road. Despite the early big gap-up and strong surge that took them to new 2009 highs, taking out the October highs on both indices, they reversed sharply lower, bounced and then came down and made lower lows, but only slightly, and couldn't follow-through to the downside in mid-afternoon when they hit their session lows. Then an afternoon 3-wave rally brought them back towards intraday resistance but closed them right there.
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Wednesday, November 11, 2009
S&P Stocks Index Approaching Key Support / Stock-Markets / Stock Index Trading
By: Mike_Paulenoff
The tension in the market today is palpable, isn’t it? The dollar goes down, and stocks, metals and commodities go up. The dollar rallies off of oversold, and stocks, metals and commodities pull back. That said, however, let’s notice on the hourly chart of the S&P 500 emini futures contract that after making yet another new recovery high this morning at 1103.25, the emini S&P has sold off to nearly unchanged and more importantly is approaching an important test of key near-term support at 1093-1090.
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Wednesday, November 11, 2009
Stock Market Breadth Trying To Make Bullish Turn / Stock-Markets / Stock Index Trading
By: Chris_Ciovacco
Below we'll cover a potentially positive development in market breadth. Wednesday morning's financial headlines may help breadth continue to improve in a bullish fashion:
Tuesday, November 10, 2009
Stock Market Lateral Trading / Stock-Markets / Stock Index Trading
By: Jack_Steiman
When markets get overbought you usually expect a fast drop lower, and that may still, and actually, should take place. However, we are still in a clear up trend off the March lows and this market is trying to fight off those overbought 60-minute time frame charts with all its muscle. Today seemed like the perfect day for some unwinding and although we got a drop, it wasn't very much to get excited about thus we head in to tomorrow still overbought on the short-term time frame charts only.
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Tuesday, November 10, 2009
Dow New 2009 High, What Comes Next? / Stock-Markets / Stock Index Trading
By: INO
The Dow jumped to new highs for the year, extending its gains from the lows seen in March.
What does this mean for the future?
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