Last week's Wednesday report noted that the Nasdaq had bounced off its 200 day moving average and the "market's attempt at a correction reversal" had begun. Over the ensuing days, the market rose on weak volume. Today, volume was strong, and the…
On Wednesday, the market made a broad advance, adding to Tuesday's gains. The Nasdaq, S&P, and Dow all rose for the 3rd straight day. But the evidence was lacking for an end to the correction, and the current market action appears more like a…
On Tuesday, the market flexed its volatility muscles as the bulls won an intraday arm wrestling match with the bears. In the morning session, the Nasdaq had declined almost -2% (-108 points) when the bulls took over. By the time the market closed…
On Monday, the market opened up and rose throughout the morning session, fell in early afternoon session, and then rallied into the close. Volume was weaker than Friday and also below average, implying the BIGs were not strongly committed today. All…
Last week was a down week for the major indices. The Nasdaq and S&P both fell -2.6% on above-average volume. Since the highs of early March, the S&P has fallen -3.3% compared to the weaker Nasdaq which declined -7.7%. The Nasdaq, S&P, and Dow are all…
