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Weekly & Monthly Market Wrap For March 31, 2017

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 [...]

2017-03-31T16:56:35+00:00Mar 31, 2017 4:54pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , |Comments Off on Weekly & Monthly Market Wrap For March 31, 2017

Back-filling The Gaps, Better Now Than Later

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 [...]

2017-03-28T09:05:16+00:00Mar 28, 2017 9:01am|Categories: Equity Market Analysis|Tags: , , , , , , , , , |7 Comments

Fibonacci Clusters & Retracement Levels on the US Stock Indices

The charts below help to illustrate that, at least as this point, the recent rallies in the major US stock indices have so far been nothing more than typical oversold, counter-trend bounces off support with every major US stock index still well within the typical Fibonacci retracement levels. All major [...]

2017-03-24T12:23:53+00:00Mar 24, 2017 12:21pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , |6 Comments

US Stock Market Sitting on the Edge of a Cliff

As a follow-up to the October 17th US Equity Market "Flashpoint" & Target Levels post, in which the critical support levels on the major US stock indices were highlighted, all of those major diversified stock indices broke down & closed below those key support levels today except the lead sled [...]

2017-03-08T21:19:25+00:00Nov 1, 2016 8:19pm|Categories: Equity Market Analysis|Tags: , , , , , , |Comments Off on US Stock Market Sitting on the Edge of a Cliff