A Tale of Two Markets: Part 2 The Track of the Storm By Buff Dormeier, CMTChief Technical Analyst, Kingsview Investment Management It was a week of advancing hopes and retreating armies. The Old Era city began by pressing its advantage, while the New Era city struggled to repair its defenses. By Thursday, however, the battle […]
A Tale of Two Markets: New Era vs. Old Era It was the best of months for the brass, the worst of months for the generals. It was a season of revival in the old economy, a season of retreat in the new. With a nod to Charles Dickens, October has delivered A Tale of […]
October began with dojis scattered across the battlefield, on both daily and weekly charts. In our original “Doji Know?” commentary, the generals were hesitating near resistance, while the dividend brass commanders and equal weight lieutenants were testing the foundations of support. Similar candles, very different coordinates. The question posed was whether September’s leadership was ready […]
Doji Know? Part III Looking back at last week’s field report, most regiments flashed dojis, signaling indecision and the potential for change in the trend or countertrend. The generals’ doji tested resistance near the highs, while much of the broader field’s dojis tested support near the lows. The candles looked alike, but their placement on […]
DOJI Know? The Ranks Try to Reassemble After last Friday’s S&P 500 doji on high upside Capital Weighted Volume, Monday opened the campaign with force as more than 75% of Capital Weighted Volume moved to the upside. Tuesday followed with the S&P 500 closing at a new all time high and reaching 7845 on a […]
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 […]
Generals and Troops Poke Their Heads Out of their Bunkers The week started out on poor footing, but the bulls found support just where they needed it. On Wednesday, the S&P 500 rallied from the 7600 defensive line. Then on Thursday, the market popped with an 88% Capital Weighted Volume /Dollar Volume upside/inflow day. Despite […]