Would You Buy This Chart?
A fun and interesting excercise in technical analysis from The Big Picture.
A fun and interesting excercise in technical analysis from The Big Picture.
I want to write about market structure this morning because there are a lot of crosscurrents that are useful to understand. The first point I want to make is that the primary trend is still down. Due to inflation that…
After a strong three day bounce, the market softened Thursday with the S&P -0.72%, the NASDAQ -1.71% and the Russell -2.27%. NYSE + NASDAQ Advancers to Decliners were 1,997 to 6,030 on relatively mild volume of 8.3 billion shares compared…
There’s something happening here. What it is ain’t exactly clear….. There’s battle lines being drawn. – Buffalo Springfield, “For What It’s Worth” Sooner or later in a bear market, even the glory stocks start to come apart. As a bull…
What’s up with the volume? The NYSE Consolidated Tape volume (all trading in all NYSE stocks on all exchanges), was 4.1 billion shares yesterday [Mon Jan 4], pretty anemic considering that we averaged over 5 billion shares a day in…
I’m not a stoner but I do like to smoke marijuana every now and then to unwind. And my sense is that more and more people would say the same as marijuana continues to become more socially acceptable and legalized….
Day by day it is becoming clearer to me that the stock market is in the last throes of the great bull market that began on March 9, 2009. That’s because more and more smaller and lesser known stocks are…