TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of December 15, 2023 Stocks surged higher last week with the Dow hitting all-time record highs, and most major indices setting the seventh up week in a row…for the biggest steady run in six years. The Sun also emitted the strongest solar flare in six years last … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of December 8, 2023 Stocks traded in some tight, accumulation ranges and ended the week at the top end of the weekly ranges with the S&P settling at the highest weekly close since 10 January 2022 as that index set new 2023 trading highs. The Dow is … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of December 1, 2023 Stocks continued their four-week tear on the upside with both the Dow and S&P reaching new highs for 2023. The market closed out a “No Sell November” with massive monthly gains across the board and there is now a potential shift in logic … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of November 17, 2023 Stocks moved higher for the third straight week with the previously lagging secondary market leading the way. The daily charts are reaching overbought conditions as sentiment averages out on the rally, with some indicators now edging into greed. Prices staged another massive gap … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of November 10, 2023 Stocks closed out a mixed week mostly higher, with tech and large cap stocks leading the way, while the dogging secondary market once again under-performed. The Dow dipped into the runaway gap on the daily, but left a few point gap on that … Read more
TECHNICAL ANALYSIS Major Indices Week of November 3, 2023 Stocks had their best week of 2023 with massive (Halloween Monster) rallies in all the major indices, including the recently lagging secondary markets. The action wiped out all of the past two weeks of losses and the action looks like it is an impulse wave which … Read more
TECHNICAL ANALYSIS Major Indices Week of October 27, 2023 Stocks suffered a second week of sharp declines with most major indices moving into the lower quartile of the year’s ranges. The weekly charts are now in oversold conditions and sentiment is in extreme fear. The Dow broke through a critical trendline on the long-term charts … Read more
TECHNICAL ANALYSIS Major Indices Week of October 20, 2023 Stocks had an across-the-board meltdown last week with every major index closing lower and on the bottom of the weekly ranges. The market could not shake off the geopolitical news as well as political chaos in the US. The weekly charts are starting to move into … Read more
TECHNICAL ANALYSIS Major Indices Week of October 13, 2023 Stocks traded a tight and volatile week, dominated by geopolitical news, with blue chips and large caps eking out gains and settling in the middle of the weekly range…while tech and secondary stocks lagged. Short-term, the key now will be to see how prices move away … Read more
TECHNICAL ANALYSIS Major Indices Week of October 6, 2023 Stocks continued their sharp declines last week with the major indices hitting 4–5-month lows before Friday’s rally which left all but the Dow in weekly reversals. The daily charts are reacting to oversold conditions and the hourlies had setup bullish divergences from extreme oversold conditions. The … Read more