Lots of Fireworks!
I have no idea where to begin. My thoughts are all over the place. Not unlike the market the last few days. At the moment, I would call the trend neutral with bulls and bears… Lots of Fireworks!
I have no idea where to begin. My thoughts are all over the place. Not unlike the market the last few days. At the moment, I would call the trend neutral with bulls and bears… Lots of Fireworks!
This still looks like just a normal pull back. Friday’s price action makes me think so even more. It dropped in the morning and then reversed the rest of the day. IF the market is… Was That It?
This has not been a meaningful pullback yet. It may not be in the end. It looks like all the others! What is different this time is how negative market breadth has been. No idea… So Far, This Looks Like a Normal Pullback
The market overall is showing incredible resilience. However, there are only a handful of stocks keeping it moving up. Leadership is pretty week. It is likely we will see the bulls and bears fight it… Falling Uphill
It is unique to see the market continue to move up with this much negativity. A pull pack like to today felt inevitable. It is also unusual to see 17 trillion in market cap make… The Great Market Divide
The Capitalized NHNL blew up its bearish divergence the other day, but all of the other ones are still intact. Even though the market has moved higher, participation in the rally continues to shrink. The… All Time Highs with Little Participation!
The market the last few days looks like a battle between the bulls and bears. Neither is gaining much ground…or giving much up. The market is still sitting in a tight range over the past… Tug of War!
The market moved up for the first hour and then reversed for most of the day before gaining back some of the loses, but still closed below the open. Both the NHNL and Capitalized NHNL… Stuck in Traffic
My personal belief (which does not really matter) is the market was looking for a reason to pull back and finally found one! One never knows what the catalyst will be that breaks the status… That fell apart quickly!
Looking at the hourly chart, the market has been stuck in a range between 6700 and 6775 that it has bounced between multiple times since the beginning of the month. Negatives continue to build. This… Stuck in a Tight Range