More market numbers to throw out to you!
74% of Stocks are over their 200dma
67% of Stocks are over their 50dma
Overall Put/Call from the CBOE ended at .91
How much higher can we go if almost 75% of stocks are over their 200dma? Even 67% are over their 50dma!!!
There is something brewing in the hills.
Volume slides significantly, NASDAQ down slightly as the Dow leads stocks down
Relatively boring day in the market today. Price action was a bit unchanged until the day started to wane. Volume was down across the board showing traders were a bit anxious for the pending economic data coming later this week.
Market can’t find much to get excited about
Major indices are on the downslope this afternoon. Not much to get excited about. Volume does seem on the light side.
Will watch to see if we hit a distribution day. I have the count for the NASDAQ at 3 however, IBD has 4. Tomorrow we’ll lose on distribution day.
Aloha,
MS
marketspeculator@gmail.com
Bulls on Parade, end week the week feeling good.
Friday’s action was great for day traders. The NASDAQ did close the day above the open filling the gap and possibly shutting the door on the exhaustion gap. At this point we won’t know until later. As we look to the next week we’ll be seeing some economic data!
Exhaustion Day for the NASDAQ???
So far the NASDAQ is putting in an exhaustion gap. Volume this morning was through the roof. I will be watching closely at the close!
Aloha,
MS
marketspeculator@gmail.com
Investors Paradise Message Board
Hi all!
Wanted to bring attention to Investors Paradise message board. I am on the forums all day long…
Aloha,
MS
Do you believe the Dow will be above 13,000???
Yahoo finance had a poll yesterday. The Dow closed above 12,800 for the first time. Where will it be at the end of the year???
a) Higher
b) Lower
c) Same level
***Paraphrasing***
NASDAQ narrowly escapes another distribution day
Overseas markets decided to play a little game with the US markets today. From the onset stocks were bid down from the get go. However, our lovely dip buyers came into the rescue.
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