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Range-Bound Archive
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Weekly Market Update: August 15, 2009
Posted on August 15, 2009 | No CommentsThe markets saw their first weekly loss in a month. While this has caused much concern among the investing community, it is important to remember that the “trend is your friend.” As it stands now, the uptrend that is now in its sixth month remains... -
Market Update: July 14, 2009
Posted on July 14, 2009 | No CommentsThe markets held firm today after yesterday’s rally. Though volume was down across the board, the action is good after yesterday’s rally. The S&P 500 and NASDAQ Composite retook their 20-day SMA and the S&P 500 rose above the neckline it fell below last week. Meanwhile,... -
Market Update: July 13, 2009
Posted on July 13, 2009 | No CommentsThe markets staged an impressive rally, today. The major indices rose from 2.3-2.5% on higher volume. The markets have confirmed a short-term range-bound situation after today’s action. -
Market Update: July 7, 2009
Posted on July 7, 2009 | No CommentsThe S&P 500 failed to follow through on yesterday’s hammer candlestick pattern. The SPX fell, today, on higher volume. However, the S&P was able to hold key support around 879. A close below 879 on higher volume would confirm a breakout from the recent trading... -
Market Update: July 6, 2009
Posted on July 6, 2009 | No CommentsThe S&P 500 and DJIA showed great resilience today. After a sharp decline to open trading and volatility throughout the day, the bulls were able to wrestle control in the final thirty minutes. The Nasdaq and NYSE closed lower, but rallied off their lows during the... -
Weekly Market Analysis: June 29 – July 3, 2009
Posted on July 5, 2009 | No CommentsThe markets continue to show weakness over the last two weeks. Both the long-term and short-term trends are trading in ranges, but are showing a bearish tendency.