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 [...]
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 [...]
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 [...]
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 [...]
I spent the bulk of yesterday working on the back-end of the site & as of yesterday, all of the Long Trade ideas have been updated. The charts on all 4 trades currently listed under the Active Long Swing Trade category (ACBFF, WEAT, NIB & CCE) all still look constructive [...]
An overview of the US stock market via technical analysis of the following index tracking ETFs on various time frames: SPY, QQQ, DIA, MDY, IWM & IWC.
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 [...]