szaman Choppy, trend less action in Market. SPY doesn’t have much energy to close above 50 MA as it was rejected again today. It seems Market is waiting on Federal Reserve interest rate decision next week before making any moves. Hopefully market will have a resolution soon. Leader …
SPY found itself in a range now, while technology stock stays strong and oil and financial stocks remains week. SPY 50 MA, 205 area is support now. Bulls want to see that range support holds, a break below will be lower end of the range 202 area. …
Rally day in the Market and SPY back over short term momentum indicator 8 day and 20 day moving averages. As long SPY stays over those moving averages Bulls are in back in control . Seasonally December is a strong month for stocks and SPY chart looks poised to test the high. Leader stocks from …
Ugly sell off in the Market as SPY finally lost short term momentum indicator 8 and 20 day moving average. Next support is 50 MA and 100 MA area , after that 202 another support. Leader names like AMZN , GOOG, FB are in do or die …
Nice rally in the market on the 1st day month. Seasonally December is a strong month for stock and SPY chart looks poised to test the high. SPY nice momentum as its keeps on bouncing off short term momentum indicator 8 day moving average with 20 MA …
Low volume coiling action in Market during the holiday week. A move should be coming soon as traders comes back from the holiday. As I mentioned in my last post , holiday week usually is good for run in low float small cap stocks. No exception this …