During the shortened Christmas week, most units responded with modest gains, but only the S&P 500 Index successfully broke free of its recent range to press into new all-time high territory. While the S&P 500 price index achieved fresh ground, the supply lines told a more restrained story. S&P 500 Capital Weighted Volume came in […]
A Red-Nosed Rally The market started the week before Christmas a little dull and slow,Prices shuffled sideways while we waited Fed signals to show.But then on Friday afternoon the generals took the lead,The artificial intelligence trade woke up displaying speed. The S&P 500 closed just barely up the week,Up a tenth of one percent though […]
Divergent Orders at the Front The market spent much of the week in a holding pattern, awaiting direction from the Federal Reserve. With the Christmas backdrop encouraging a temporary stand down, price action appeared orderly on the surface. Beneath that calm, however, the flanks clearly received different marching orders. For the week, Capital Weighted Volume […]
The Christmas March: Awaiting the Santa Orders After weeks of heavy conflict and spirited counterattacks, the market grew noticeably quiet — as if troops and commanders alike were awaiting their next set of orders. The battlefield tone this week felt more like tactical repositioning than outright engagement. The generals, represented by the Invesco QQQ Trust […]
From Gravestone to Gratitude: Thanksgiving Counteroffensive Sets Stage for Santa After several weeks under the long shadow of Halloween’s gravestone doji, the market finally mounted a full-scale Thanksgiving counteroffensive. What began as defensive skirmishes turned into an organized advance, led not by the generals but this time by the troops. The iShares Russell 2000 ETF […]
Halloween Gravestone Doji IV Despite the ray of hope revealed in last week’s outlook, Halloween’s gravestone doji on the S&P 500 continues to haunt the battlefield as the S&P 500 closed below its 10-week moving average for the first time since early May. Midweek, the index fell beneath 6,550 support but found footing at minor […]
Gravestone Part III: Setting The Stage Two weeks ago, on Halloween, the S&P 500 closed the week forming a gravestone doji—a candle historically known for its ominous reputation. True to form, the market heeded that warning, delivering a bearish follow-through the following week. Yet just as the tombstone cast its shadow, a new pattern emerged […]
“From Gravestone to Dragonfly: Hope Arises from the Battlefield” Halloween’s gravestone doji was true to its reputation serving as an early epitaph for the recent rally. The tombstone trade proved fatal for the generals of the advance, while the brass commanders once again demonstrated their resilience when under heavy fire. Yet, even in the aftermath […]
Trend or Trick – Gravestone on Halloween The generals (Invesco QQQ Trust, QQQ) led a strong charge this past week, advancing 1.94%, but most other units failed to follow, instead falling into retreat. The surging troops (iShares Russell 2000 ETF. IWM) closed negative, down -1.28%, while the dividend commanders (Schwab U.S. Dividend Equity ETF, SCHD) […]
Clouds Clearing as Market Forces Advance The S&P 500 Index broke above last week’s outside bar’s resistance to record a new all-time high. Although Thursday’s narrow inside session may have appeared unremarkable on the surface, the underlying dynamics told a more powerful story: upside volume overwhelmed downside volume by roughly 9-to-1, and capital inflows accounting […]