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REVIEW The week started at SPX 2779. After gap down openings on Monday/Tuesday the market traded down to SPX 2743. Then after a gap up opening on Wednesday the SPX reached 2775 before heading back down to 2744 by Thursday. Friday had a gap up opening, which was sold in the afternoon, and the SPX ended the […]
SHORT TERM: gap up opening, DOW -42 The first two days of the week markets worldwide have seen selling, especially in Asia and Europe. The US had two gap down openings, but recovered more than half of the early morning decline each day by the close. Today markets settled higher in Asia, and mixed in […]
REVIEW. The week started at SPX 2779. The market opened slightly higher Monday. Rallied to SPX 2790. Then bounced off of SPX 2789/91 for the next three days. On Friday’s option expiration, the market gapped down, hit SPX 2762, then rebounded to close unchanged for the week. For the week the SPX/DOW were mixed, and the NDX/NAZ […]
While the US appears to remain on cruise control we have been uncluttering the weekly charts on the chart link. Some go back to 2009 with lots and lots of historical, but currently unnecessary waves. For example the AAPL weekly chart looked like this: now looks like this: CHARTS: http://stockcharts.com/public/1269446/tenpp
REVIEW The week started at SPX 2735. The market gapped up on Monday to start the week. Then it made a higher high, than the day before, every day until Thursday when it hit SPX 2780. After that it pulled back by to SPX 2760, and then rallied to 2779 to end the week. For the week […]