Implications of a Weak Cumulative TICK on a Rally Day
By on Thursday, December 15th, 2011 at 2:09 pmCumulative TICK recently slipped below the -20,000 level, continuing the negative TICK trend that’s been in effect this entire week. Today’s action is noteworthy when you consider that the market has…
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Low-Volume Selloff Ahead of the Fed
By on Tuesday, December 13th, 2011 at 1:54 amPre-FOMC selloffs have been pretty reliable buy points for a 1-2 day trade. Over the last 30 occurrences stretching back to the early 80′s…
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From S3 to R3 in One Day
By on Friday, December 9th, 2011 at 1:10 pmOn Thursday SPY closed below Steenbarger’s S3 price target. Today markets have reversed, and SPY is currently trading just above R3 at 125.80. In recent years, when SPY closes above R3 immediately after closing below S3 the previous session, it’s led to…
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Bullish Seasonal Pattern Involving Two Down Days to Start the Month
By on Monday, December 5th, 2011 at 6:20 pmThe S&P500 started out December with back-to-back down days. Whenever this occurs, note the previous…
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First Down Week in December
By Rennie on Tuesday, December 20th, 2011 at 1:30 amVolume associated with declining issues accounted for 90% of total NYSE volume, making the third 90% down volume day just this month. That’s extremely unusual considering we’ve never seen more than one 90% down volume day in December in the last fifty years. Clearly this is not your typical year…
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