Good evening StockBandits!
The market put together a bounce today, and there wasn’t a lot to complain about when it came to how it unfolded. [Read more…]
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By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
The market put together a bounce today, and there wasn’t a lot to complain about when it came to how it unfolded. [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
The indexes gapped higher to start the holiday-shortened week based on a lack of action toward Syria. Each of them were up roughly 1% in the opening minutes of the day, but in every case that marked the high for the session with a very short-lived bounce. [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
Habits can be hard to break, and we see that in the market all the time. This year, we’ve seen habits of nonstop buying, of dips getting bought, habits of indecision, and now we’re seeing the habit of bounces getting sold. [Read more…]
By Jeff White Filed Under: Index Charts
The major averages respected some key levels last week but maintained their recent habit of strength getting sold.
As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.
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Trade Like a Bandit!
Jeff White
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By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
The NAZ tested its range low yesterday and today the RUT made an incremental new low (fraction of a point), but both of them were able to finish green on the session to stop the bleeding – for now. [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
The bulls tucked their tails and ran today after Monday’s failure at resistance (S&P) and subsequent weak finish. [Read more…]
By Jeff White Filed Under: Nightly Reports
Good evening StockBandits!
The indexes kicked off the new week by working their way steadily higher into mid-day, when a little bit of a breather set in. [Read more…]
By Jeff White Filed Under: Index Charts
We’ve gotten a steady pullback since early in the month, and that has proven to be welcomed by bulls and bears alike. Is this a dip we can aggressively buy just like the others since November, or is there still some selling to come? We’ll let the charts speak for themselves on that.
As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.
NAZ – The NAZ has lifted quickly from its pullback low and now is working on filling a gap from two weeks ago. Beyond that, resistance still looms.
SP500 – The S&P has rebounded from 1639 but volume isn’t confirming this lift. Toss into the mix the fact that this index has not yet reclaimed former support at 1671, and there are plenty of reasons to remain cautious in the short term.
RUT – The RUT got back above 1036 last week but now faces a gap to 1047. If it’s able to fill that void, there are still a pair of resistance levels beyond that at 1056 and 1063, respectively.
DJIA – The DJIA held the 14887 level last week and is getting a modest bounce from that level, as expected. However, it’s a long climb back to 15400 broken support, so it’s difficult to expect lasting upside just yet.
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Trade Like a Bandit!
Jeff White