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This 3-Day Pattern Is Suggesting Caution For Today
After Wednesday’s move to a new high, Thursday put in an inside day. With Friday closing at another new high the study below triggered, which I have only previously shared in the ...
Revisiting Consistently Strong Closes
The market has seen a lot of finishes near the top of its daily range lately. When the market consistently closes near the high of the day it suggests optimism on the part of traders. ...
What Monday’s Weak Breadth Could Foreshadow
Monday’s weak breadth could imply negative ramifications over the next few days. In the past I looked at instances where the SPX closed higher while the NYSE Up Issues % came in ...
This Pattern Suggests We Could See More Upside In The Next Few Days
Short-term strength is often followed by short-term weakness, but when that short-term strength is unusually impressive, it can create a situation where that extreme strength will beget ...
What Happens After 6 Months Of Gains
April marked the 6th month in a row that SPX has managed a positive close. I have seen many analysts suggest this means the market is overextended and due to correct in the coming ...
The Impact Of A Breakaway Gap
In the 9/7/12 blog I looked at the short-term importance of an unfilled upside gap accompanying a breakout. With yesterday’s breakout to a new closing high occurring along with ...
A Fed Day Setup That Has Seen SPX Higher 3 Days Later Every Time Since 1982
Tuesday’s decline was the 3rd down day in a row. Many people are now aware that Fed Days have historically had a bullish tilt. So 3-day selloffs leading up to Fed Days have been ...
The 1st Short-Term Closing Low In A While
The market had gone quite a while without a pullback before the last 2 days. Monday, for the 1st time in a while, SPY closed at a 5-day low. The study below looks at at other instances ...
Large Gaps Down When The Market Was Near A Long-Term High
It looks like we should see some strong action on Monday. News out of Cyprus has S&P futures down about 1.5% as I type this late at night. I decided to look back at other ...
Reviewing Performance After Strong Closes Going Into OpEx
The study below looks at times the market closed at a high level just before options expiration. I last showed it on the blog last June. It generally has been a bad time for an overbought ...
