Rebound continues

The stock indexes rallied sharply beginning in the after hours session yesterday, with the day session today gapping up and ending about where it started, leaving small range doji bars on the QQQQ and SPY. Volume was light, as would be expected on the day before Labor Day, however, there were many intra-day swings, making it…

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Trend day down

The stock indexes fell sharply today. After the indexes opened the day session with a gap down, most indexes drifted slightly lower while waiting for the FOMC minutes, then couldn’t decide whether to rally or continue dropping. It was decided in the final 45 minutes when the indexes pushed to new lows for the day…

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Rally stalls

The stock indexes were modestly lower on lighter volume today. This is not surprising since this is the last week before Labor Day, although there will be several news items that could cause large movements with many traders on vacation. The QQQQ ran right up to the lower standard error band, with the channel looking…

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