Last week, the market tumbled on high volume, pushing the market into a correction. The Nasdaq sliced through its 50 EMA and lost -2.83%. The S&P fared better with a -0.48% loss, and the Dow survived with a +0.12% gain. The small-cap Russell 2000 was…
On Thursday, the market spent the day in a broad range, digesting the losses from Wednesday's high-volume sell off. What's significant, is that the market did not rebound, and this supports the current assessment that we are in a correction. The…
On Wednesday, the market opened up and ranged for the first 45 minutes of the day, but then price began declining, and it continued to deteriorate throughout the day.The market breadth, which had opened at +1,600, made a huge turnaround, dropping…
On Tuesday, The market opened up, but it could not hold the gains. The market pulled back in the morning session, then continued falling and did not find support until the noon hour. The lows for all three major indices held above Monday's lows, and…
Last week, the market closed up, but just barely. While the week had made upside progress going into Thursday, Friday sold off on high volume due to Triple Witching and index rebalancing. The market closed near the lows for the week, which was…
