szaman One of our member/student wrote a valuable comment about sideway/choppy Market. I would like expand on it. Market has various stage which includes Recovery Stage, Accumulation stage , Bull Stage or Run up stage, Consolidation stage that can turn into next Bull stage or turn into Distribution …
Read moreRecognizing the Market's Trend and Trading Appropriately.
Bounce continues in the Market as Bulls finally manage to close S&P-500 back over 50 MA. We have some open space on top with 20 MA and gap area 168/168.80 as overhead for now. Another great week in Bulls chat room with $4712 gains for the week. If you are struggling with your trading in …
Bounce day in The Market, However S&P-500 couldn’t manage to close over 50 MA. Bulls want to see 50 MA taken out and Market attempts a test of 20 MA and gap fill area and Bears want to recapture the down momentum using this failure. As always there are some decent individual stocks in play …
Consolidation continues in S&P-500 as its struggling to hold 20MA , seems Bears still can not utilize the downside as momentum as S&P-500 now has some support at 168.50 area and I expect to get a pop over the 5 DMA 169.40 area. Small cap IWM defending the 20 MA. Small cap has been lading this …
Choppy sloppy consolidation action in the Market as S&P-500 Trying to hold 20 day moving average. Bulls need to defend that area and Bears need to push hard if they want to keep up the short term momentum. Bulls chat room continues to milk this grinding market action with $3853 gains for the week. Subs. …
Pull back in the Market, healthy action so far as we need pull back/rest to gain energy for continuation run.We also have least month of summer as big boys takes off for the summer, so things should be slow. Keep in eye on stocks that holding up well during the sell off. When Market gains …