DOJI Know? The week closed with the market standing at another crossroads. Wednesday, the final trading day of the 3rd quarter, the S&P 500 slipped -0.25%, yet 87% of Capital Weighted Dollar Volume registered as inflows. Friday then delivered another unusual field report, the S&P 500 gapped higher, closed near its open, formed a doji […]
Generals Press the Advance While the Ranks Continue in Retreat The bulls jumped out to a strong start on Monday, easily penetrating the prior week’s decision candle resistance. The move came with upside conviction, as 92% of S&P 500 Capital Weighted Volume traded to the upside, although total Capital Weighted Volume was only average on […]
Decision Candle on the Front Lines The market entered the week on uncertain footing, then reached an important crossroads following the Federal Reserve announcement. After an initial positive reaction early Wednesday, the S&P 500 reversed lower, tested and kissed intermediate support near 7500, then held the line. The follow-through was notable the next day. Thursday […]
The market entered the shortened Labor Day week with its ranks already stretched near elevated ground. Most days traded on average volume, but the character of that volume leaned defensive. Tuesday registered 77% downside Capital Weighted Volume, Wednesday followed with 85% downside volume, and Thursday remained tilted lower with 61% downside volume. Friday finally delivered […]