NASDAQ Archive
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50% Retracement in the Stock Market Indexes is Possible
There is synergy in all the indexes. As shown in the following charts, there seems to be agreement between the 50% retracement line and areas of support. We guess that is where we are headed. A month ago we saw problems but we were way too early to go short. The indexes broke the ascending [...] -
Investors.com Stock Market Wrap Video
We will refer you to Investors.com for a good analysis of yesterday’s market action. Their stock market status is “market in correction”. We theorize that argo (high frequency trading) machines are making everyone seem like dufuses by bidding down past the pivot points that technicians are seeing. Because the stock market indexes broke recent support, [...] -
Market Restesting the February Lows.
The stock market is a tough mother-efer. Pardon our french. We have not seen an inverse ETF turn bullish since the week of April 19. Yet, the indexes turned against our longs with force today. It is our opinion that this correction does not feel bearish. We are at support in two of the three [...]