The severity of the selloff today has changed the outlook of the market. The important question right now is how long and how deep will the correction last. Is it time to get out the market? We are going to look at different indices an stocks to try to make sense of the madness. You […]
Finally the DOW made an outside reversal week on 10/05/2018. This is the start of the seasonal correction. It is 14 weeks into the current weekly cycle that was started on the week of 06/29/2018. This correction against the January 2018 high does appear to be a selling off of a double top. You […]
The market continues to be resilient. The DOW had an inside bar last week on the 13th bar. The cycle oscillators are turning down signaling an upcoming mild correction. Underneath the general market, the banks and housing sectors are really weak. You need to login to view the rest of the content. Please Login. Not […]
The DOW and S&P 500 both closed at all time high last Friday, yet the NASDAQ is lagging behind. At the end of August, NASDAQ was in overbought condition with 8.81% over 30-week moving average. The current three weeks correction has been supported by the 10-week moving average.
While the Nasdaq took a little break last week, the S&P 500 and DOW were charging ahead despite this and that scary headlines. Underneath the toppy looking indices, there are great many small caps are breaking out and entering a fast growing phase. You need to login to view the rest of the content. Please […]
A quick note: You need to login to view the rest of the content. Please Login. Not a Member? Join Us
