Online Stock Trading

Indexes Roll Over on Increased Volume

Once again stocks were unable to gain any sort of traction around their respective moving averages.  Although volume was below the 50dma moving average we still notched a distribution day across the board.  Distribution Day count is now up to 4 days for the S&P500, NYSE Composite, and Dow Jones Industrial average while the NASDAQ […]

Resistance is Proving to be Too Great for Major Indexes

We are certainly seeing a market for the ages here.  The NASDAQ is having a difficult time holding its 200dma while the S&P500 can’t manage to surpass its 50dma.  Let’s not forget the NYSE composite that hasn’t been able to reach its 50dma and where the Dow is failing it.  Volume, albeit summer volume is […]

Stocks Reversed from Highs in Lackluster Trade

Conditions do not seem to be improving for the overall stock market. The market failed to build on Thursday’s retake of the NASDAQ’s 200dma. Instead, stocks pulled back unable to hold the morning’s open prices. Reversals to the downside are never a sign of strength. Volume did rise on the NYSE […]

Low Volume Rally as NASDAQ Retakes a Key Moving Average

I am not impressed with the most recent attempted by the NASDAQ to regain its 200dma.  The low volume retake of this key moving average is leaving me with a sour taste in my mouth.  With hefty price gains and so little volume it can only mean disaster for the index.  Although the NASDAQ itself […]

NASDAQ’s 200 Day Moving Average Proving to be Resistance Once Again

NASDAQ stocks are finding it difficult to push through and hold the 200dma average. Once again, the 200dma on the NASDAQ is proving to be hefty resistance for stocks. However, listening to Fast Money and Jim Cramer’s Mad Money they would have you believing that we are in a new bull market. […]

We Are Severely Overbought and the Global Slowdown is Beginning to Show its Face

As the Global Economy deteriorates further we’ll continue to see the commodity bubble burst and equity markets that are volatile.  At the moment Crude Oil has temporarily lifted the spirits of traders and helped stocks push higher.  The markets have moved into extreme overbought conditions and should continue to see more downside ahead.  There is […]

Proceeding With Caution, This Market is Shaky at Best

The crowd right now is certainly bullish, falling commodity prices including Light Sweet Crude oil have given CNBC’s market cheerleaders something to hang onto.  Certainly the fall in crude will begin to ease the strain it has placed, high prices on regular consumers.  However, it speaks to the global slowdown that is happening.  I wrote […]

NYSE Notches a Distribution Day for my Return from Vacation

The New York Stock Exchange notched a distribution day the very day I return from vacation. Whether or not this was a “message” from the stock market gods (bulls of course) telling me to stay on vacation, it illustrates how unhealthy this market is. While on vacation, I enjoyed the great views offered […]

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