Stock Market Analysis: Friday's Trading Action In last week's stock market analysis, we expected to end on a positive note and we did. The week closed on a new high. Prior to Friday's trading, we indicated that support would likely come in around the 1220 level, and we saw the market make its low of the day at 1220.50. This low set up a solid Wyckoff Spring trade (lower … [Read more...]
Stock Market Analysis Update
In yesterday's stock market analysis post, we discussed the bullishness of the market and how it was absorbing residual supply at the September highs. We noted that we were looking to be buyers on an early morning dip or, if highs were made early in the US morning session on low demand around the 1230 level, we wanted to be sellers. Stock Market Analysis: Intraday Trading The … [Read more...]
Stock Market Analysis: Holding Gains
Stock Market Analysis Our current stock market analysis indicates that the market is attempting to hold its recent gains. We have seen the US Stock market execute a strong rally from the lows in mid-October. This most recent rally began with a V-Spike reversal, which is one of the strongest of market moves. It has run up 200 points without more than a half-day of pullback. … [Read more...]
Stock Market Analysis
This stock market analysis like all of our analysis is based on the market’s own action. No indicators are used. We are simply using the law of supply and demand to determine the next likely move in the market. Here, we look at the S&P e-minis as a representation of the US Stock Market. Stock Market Analysis We have obviously been on a strong rally and made new, all-time … [Read more...]
Happy Halloween & New All-Time Highs!
Happy Halloween! In our part of the world where the leaves are ablaze with fall colors, there are all kinds of signs of Halloween. Pumpkins on every door-step, witches and other scary figures dot the lawns in our neighborhood, and children going to school this morning in their Halloween costumes. It's always a fun time of the year marking the final transition from summer into … [Read more...]
