How To Identify Red Flags
Seems like every other day, if not every day, a new all time high is being made. In fact, today is day 14 above 1,600, 12 of those days have seen SPX make a new all time high. The most … Continue reading
Why Today’s Lower Low Was Not A Short Signal
This morning was an interesting one as the S&P500 went below its low from Monday resulting in a lower low. The lower low was the first one put in the entire month of May. While the lower low may have … Continue reading
Haven’t Seen This Since April 17th
In the S&P500′s first attempt at 1,600 in mid April the index fell short, topping out at 1,597. In the week that followed, SPX pulled back to a low of 1,536 before reversing on April 19th. Since that reversal took … Continue reading
Expecting A Pause, Not a Rewind
As pointed out yesterday, SPY successfully completed a 4 day winning streak after rallying 3 consecutive days. SPY has now turned each 3 day winning streak it has had (4 total) since April 1st into a 4 day winning streak. … Continue reading
Low VIX Can Stay Low/Move Lower
After consolidating for a few days the bulls are out running again in full force and taking the indexes to new all time highs along the way. The Russell 2000, Dow Transports, S&P500, Midcap 400, & Dow Jones are among … Continue reading