On Thursday October 3rd, the percentage of S&P 500 stocks fell below 10-day moving average reached 3.39%, which was an extreme oversold condition. The market bounced immediately after the extreme condition was met briefly, but with weak volume on all indices. The administration was leaking trade talk hope while the market was rallying on Friday […]
Last Friday there were news about the administration considering delisting the Chinese stocks. The market sold off immediately, but it managed to climb back off the lows around 3pm. The market has been really resilient against the headline risks in September. Is it the calm before the storm or is it because the funds are […]
In the last few weeks, value stocks have out performed the momentum growth stocks. The rallies in value stocks made an appearance of a healthier looking market. With a broader participation, is the market ready for a breakout? Or is this a purely technical rotation? You need to login to view the rest of the […]
Since August, we have been bearish expecting the market correction to run its course until sometime in October. But the market had shown abnormal strength in the first nine trading days in September. Because of the abnormal price action, we sent out private email notes on September 11th, which outlined the possibility that the correction […]
All three indices jumped over 50-day moving average last Thursday. The 50-day moving average has been resistance since the selloff began in late July. Does this break out of the 50-day moving average mean that the market is out of woods? You need to login to view the rest of the content. Please Login. Not […]
The last trading week of August was equally painful for the bears and bulls. The market closed the volatile month of August in a neutral position, which means the immediate trend in motion may see follow-through into September. The pivot range (2985-3004) of the S&P 500 cash index for the second half of 2019 is […]
