I haven’t posted on this blog for several days. There has been much news, but volume is declining going into the end of the year, and in my experience any technical signal generated at this time of year can get quickly reversed, especially in this record volatility environment. So I mostly just watch the markets…
Month: December 2008
Stocks higher, commodities, autos, financials push higher
Stock indexes gapped higher and continued somewhat higher during the session, with somewhat declining volume. It is interesting to note that the big leaders today were many of the issues and sectors hardest hit in recent weeks. It seems if a turn-around in the markets were at hand there would be some new leadership, rather…
Stock indexes rebound part way
Stock indexes regain part of the ground lost on the sharp sell-off Monday. Not much as really changed since my last post. The trend is down. Momentum had climbed to overbought and has since turned down. The rally of the past week was dramatic in points, but not much enthusiasm was evident by the light…