Stocks were flat to down a bit on very light volume. On the QQQQs momentum turned down from the overbought area, with the CCI still up and climbing over the positive 100 zone, which is still bullish. The three day pivot is still moving up and holding the lows. There wasn’t much of a divergence, [...]
Market Mood
Archive for September, 2007
Stock indexes edged their way higher today, on very light volume, and in a choppy session. Once again the range of the bars, as can be seen on the QQQQ chart, was very small, and the closing price did not move far from the opening price. The overall trend in the indexes is up, but [...]
Stocks higher, gold lower
Posted in Currencies, Gold, QQQQ on Sep 26th, 2007
Stocks gapped up on the opening. News of union negotiations with GM helped spark early rally, then markets drifted sideways until late in day when rumor that Buffett might be buying or have bought large portion of Bear Strearns. Traders had second thoughts about that near the close and about half that late rally was [...]
Stocks closed mixed today and gold was off slightly. The biggest winner today was the Nasdaq/QQQQ. The blue horizontal line on the chart above shows a breakout of the last high made on July 19th. I was looking for a possible short in the Qs if the double stochastic turned down to confirm the downturn [...]
NOTE: NEXT UPDATE WILL BE ON MONDAY, SEPT 24TH. TAKING A LONG WEEKEND CRUISE, SO WILL BE AWAY FROM COMPUTER. IF YOU EMAIL QUESTIONS I WILL RESPOND ON MONDAY.
The stock indexes were down today, with the small cap down the most, and the QQQQ down the least. It was enough of a drop to turn [...]