Comments on: Stock Market Technical Analysis 1-9-20 https://rightsideofthechart.com/stock-market-technical-analysis-1-9-20/ Stock Trading, Investing & Market Analysis Sat, 11 Jan 2020 16:38:00 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: reinib@yahoo.de https://rightsideofthechart.com/stock-market-technical-analysis-1-9-20/#comment-9345 Sat, 11 Jan 2020 16:38:00 +0000 https://rightsideofthechart.com/?p=195260#comment-9345 In reply to Dangerine.

The Russell has actually been underperforming the S&P500 since earlier in 2019. You wonder what has changed back then already.

]]> By: darell https://rightsideofthechart.com/stock-market-technical-analysis-1-9-20/#comment-9317 Fri, 10 Jan 2020 14:46:06 +0000 https://rightsideofthechart.com/?p=195260#comment-9317 @rsotc Hi, CL seems to be pulling back a bit after a brief bounce – are the divergences and long thesis still intact in your opinion?
Thanks

]]> By: rsotc https://rightsideofthechart.com/stock-market-technical-analysis-1-9-20/#comment-9309 Fri, 10 Jan 2020 13:49:19 +0000 https://rightsideofthechart.com/?p=195260#comment-9309 Employment numbers came in on the low-end of expectations & below consensus. Minor dip in the futures so far, let’s see what the regular session brings when all the players step onto the field.

]]> By: Dangerine https://rightsideofthechart.com/stock-market-technical-analysis-1-9-20/#comment-9308 Fri, 10 Jan 2020 13:12:30 +0000 https://rightsideofthechart.com/?p=195260#comment-9308 In reply to rsotc.

adding further to my suspicion is that although the nasdaq futures are up, there’s clearly a weakness in market breadth because the Russell is not in lock step with it here (its futures are completely flat)

]]> By: rsotc https://rightsideofthechart.com/stock-market-technical-analysis-1-9-20/#comment-9307 Fri, 10 Jan 2020 13:08:02 +0000 https://rightsideofthechart.com/?p=195260#comment-9307 In reply to Dangerine.

Yep, that is a nice clean doji printed on the Q’s yesterday but as you said (I’m just now seeing your comment from yesterday), we’d have to gap down today which as of 8:04 am EST as I type, doesn’t appear to be the case. However, the day & even the morning is still young with the Employment report numbers due out in less than 30-minutes so we’ll see.

Seems like nothing short of a silver bullet to the head followed by a wooden stake through the heart will stop this bull but as history has proved, both market trends & sentiment can change on a dime so we’ll just have to wait for some decent sell signals on the daily & weekly charts to help spot a potential turning point.

]]> By: Dangerine https://rightsideofthechart.com/stock-market-technical-analysis-1-9-20/#comment-9301 Thu, 09 Jan 2020 22:01:10 +0000 https://rightsideofthechart.com/?p=195260#comment-9301 @randy any chance you’re seeing a doji star form on the QQQ daily chart? i know we’d have to get a gap down tmr to confirm but looking suspiciously like the top. non-farm payrolls tmr morning at 8:30am too. if numbers are bad, this could be what breaks the camel’s back.

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