The near & intermediate-term outlook for the stock market via QQQ (Nasdaq 100 ETF), SPY (S&P 500 ETF), IWM (Russell 2000 Small Cap ETF) & MDY (Midcap 400 ETF) as well as analysis on the $VIX volatility index. Click the setting icon at the bottom right of the chart if you wish to increase the [...]
Both the small caps (IWM) have already broken below their primary uptrend lines off the early 2016 lows along with the mid caps (MDY). While both closed at support yesterday, IWM appears to be headed down to at least the 133.50 area with MDY poised to fall to at least the 305.35 area once the [...]
Analysis of the US stock market via QQQ, SPY, IWM, SMH & the following market leading stocks: AAPL, GOOG, MSFT, AMZN & FB.
Technical analysis of the Russell 2000 Small Cap Index via the tracking ETF, IWM as well as SPY, QQQ, MDY & the Wilshire 5000 Index.
Nice dump into the close to print red candles on the SPY, DIA, QQQ, virtually flat on MDY & a slight green close on IWM after the late session dump into the close resulted in a fade of about 75% of the earlier gains. Also worth noting is that only 2 out of the 11 [...]
A focus on the near-term outlook for the US equity markets via the major index tracking ETFs; SPY, QQQ, MDY & IWM.
There's an old saying in trading/investing about how most gaps are back-filled at some point in time. The statistics on what percentage of gaps are filled range depending on the source but the author of this article from 2013 claims to have conducted a backtest spanning 24 years showing that over 91% of all gaps [...]