Posted in SPY, QQQQ, Daily Comment on Apr 9th, 2008
Stock indexes fell again today. I didn’t update yesterday as there hasn’t been a change since the post from last Friday. Also, I was trying to get my taxes done. I didn’t want to wait until the last minute this year. So this year I’m getting them in a week early. That’s a slight improvement. […]
Posted in Gold, QQQQ, Daily Comment on Apr 1st, 2008
Stock indexes rallied sharply today. The indexes gapped up right from the open and actually extended the range in trend mode throughout the day, and on increasing volume. The chart to the left is of the Nasdaq/QQQQ. I previously posted this developing chart. I noted the change in trend to up, and the subsequent pullback […]
Posted in Currencies, QQQQ, Daily Comment on Mar 30th, 2008
Stock indexes fell back a bit after the the recent rally stalled out mid-week. I was worried about the light volume on the rally, as I mention previously. The volume picked up a slight bit on the drop Thursday, but was very light on Friday. The chart of the Nasdaq/QQQQ shows the trend lines having […]
Posted in SPY, QQQQ, Daily Comment on Mar 26th, 2008
I’m getting this post up very late, so I’ll make it short. The stock indexes fell back today. The Nasdaq had been the strongest during the session, however right at the closing bell when Oracle reported the Nasdaq fell lower than the chart to the left (which is the day session only) would suggest. The […]
Stock indexes rallied sharply today. The indexes gapped up right on the open and proceeded higher throughout the day making a nice trend day up. The price rejection yesterday was a real clue, as was the bullish reaction to the news. You can see in the S&P etf that momentum continued to move higher during […]
