The alarm bells are getting louder!
The market was up slightly for the week, but that is not what is the most interesting. On Friday, the market gapped up, took a dive after the open and then regained some of the… The alarm bells are getting louder!
I was hoping for some direction today!
The market opened up, sank for the the day and recovered the last hour. I was hoping for something more definitive! New monthly high expanded slightly and New monthly lows decreased. Not enough to think… I was hoping for some direction today!
Bounced at Support
If the market did not bounce at support over the last few weeks, I would suggest more negativity is likely to follow. However, the market reversed after a few hours and trended higher most of… Bounced at Support
Mixed Signals
The trend is still up and it is easier to go with the wind! Although, it is pretty flat at the top. The Net Monthly NH/NL is pointed upward So is the Rolling 52 week… Mixed Signals
Much of the same.
The market erased its losses from yesterday. NH/NL were mostly unchanged. One thing of note is the Capitalized NH dropped making the net essentially zero. Could be nothing-we will see. The trend is stuck in… Much of the same.
Just a Pullback. Nothing special…..yet
Nothing special to add. At the moment, this is just a pullback. The trend is still up. Time will tell if pullback has farther to go. New highs were down to 700, new lows added… Just a Pullback. Nothing special…..yet
False breakout or will the rally continue?
The monthly NH/NL bearish divergence reversed and the uptrend is still alive. How much longer can it go???? Up uptrend still appears weak with not a lot of strength. The 52-week highs continue to diminish.… False breakout or will the rally continue?
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