Market Analysis and Summary The major market indexes declined over the prior two sessions. They all closed below their 10-DMA’s on Wednesday as volume expanded across the board, adding distribution to the NASDAQ and S&P 500. Yesterday, the Russell 2000 led the way lower. It was the only index to undercut its 21-DMA, although itClick Here for All of Our Actionable, Leading Stock Ideas.
Market Analysis and Summary The major indexes rallied in unison yesterday, with the NASDAQ clearly leading the way. It was the only major index to finish the session at a new high yesterday, although the others weren’t far behind. Volume picked up on the NASDAQ, while it declined on the NYSE, although volume on both
Market Analysis and Summary The major market indexes finished the session modestly mixed yesterday. Volume expanded across the board, but finished below average, resulting in a “soft” distribution day for the NASDAQ and a narrow miss by the S&P 500. This was the second consecutive down day for the major indexes, although they are all
Market Analysis and Summary The major market indexes rallied again yesterday and finished the session, at or near new all-time highs. On Monday, volume declined noticeably on both major exchanges relative to last Friday’s huge quadruple witching volume. Yesterday’s volume was just a touch higher across the board. So far this week, the major indexes
Market Analysis and Summary The major market indexes ended the week in the lower halves of their ranges, as volume swelled across the board. The huge pick-up in volume was largely due to quadruple witching. Nevertheless, a distribution day was added to the NASDAQ, but not the S&P 500, which fell shy of the 0.20%
Market Analysis and Summary The major market indexes are currently trading just slightly below their recent all-time highs and the health and breadth of the market’s leading growth stocks are in great shape. At first glance, it would appear as if making money should have been like shooting fish in a barrel over the last
Market Analysis and Summary The major market indexes continued to melt higher Monday and Tuesday, despite being extended above their short-term moving averages and some well known general market indicators, which have been pointing to overbought conditions recently. Healthy rotation has been at play among the market’s leading growth stocks for a few weeks now.
Market Analysis and Summary The major market indexes rallied every day last week and finished Friday’s session at new all-time highs. You don’t need general market oscillators or sentiment indicators to see that the market has gotten stretched to the upside over the last week or so. Hence, a bit of a breather at this
Market Analysis and Summary The major market indexes blasted off to new-all time highs on heavy volume over the last couple days and that is where they finished the session yesterday. Their move to new all-time highs is being supported by broad, robust market leadership, which is exactly what we want see. Keep in mind
Market Analysis and Summary The major market indexes are in much better shape than they were as of last Friday’s close. The DOW finished at a new all-time high Monday, the NASDAQ reclaimed its 50-DMA and the Russell 2000 powered its way back to new all-time highs over the last couple sessions. Also, the market’s