TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of April 12, 2024 VIX Volatility Index Daily Close DJIA Daily Candles Stocks saw another sharp downturn last week as ‘risk assets’ took a multi-pronged hit from inflation data, bank earnings and geopolitical unrest. Wednesday’s timing saw volatility but no extreme as prices plunged into Friday’s trade. … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of April 5, 2024 VIX Volatility Index Daily Close DJIA Daily Candles Stocks got a dose of the start of this critical cycle timing window as prices seesawed through some wide ranges in manic trade. Thursday’s timing saw a whipsaw trade of over 2% for the Dow … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Trouble in Paradise? Two Critical Indicators Now S&P 500 Index Hourly HLC Thursday’s cycle timing saw a massive 109.38 range in the S&P 500 as prices initially gapped higher and closed the island gap on the charts, only to swoon over 2%, (following some bearishly construed comments from Minneapolis Federal … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) What Is an Island Reversal? S&P 500 Index Hourly HLC The S&P 500 gapped into lower trade on Tuesday and the cash index now has a large 7-day, island top on the hourly chart. (The daily SPY shows the same large island.) The hourly reached oversold conditions in Tuesday’s trade. … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of March 28, 2024 Dow Jones Industrial Average Monthly H-L-C (log scale) Stocks traded a quiet holiday week in mostly choppy and mixed trade but ended the shortened week with record high closes for the Dow and the S&P 500, while tech stocks took a breather and … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of March 22, 2024 Stocks rallied sharply last week across the board with most major indices moving into new record highs. Markets sold off on Friday in reaction to overbought short-term conditions. The S&P 500 cleared another century mark at 5200 and closed over the area and … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Are We Heading into March Madness? Dow Jones Industrials Weekly Candles As readers are aware, we are now entering into some major cycle timing. Tuesday’s daily timing resulted in sharp reversals to the upside and a new record closing high for the S&P 500. The Dow closed just under the … Read more
S&P 500 Hourly H-L-C The S&P 500 has opened into, from a Market Profile standpoint, a strong area for sellers. This is their best value thus far. As pointed out in the latest technical update, sellers have a less than two-day window to work with right now unless they start to get some satisfaction soon. … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of March 15, 2024 Stocks traded another manic week, finishing out a high-volume, triple-witching Friday with selloffs across the board. At this juncture, the Dow has now moved into a trading range and charts are testing sharply sloping trendlines. Technically, everyone can see what is going on … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of March 8, 2024 NVDA Hourly Stocks closed mostly lower with Friday marking new record highs for some indexes, NVDA, and then a massive loop-the-loop, outside day down as prices swooned from the highs. All the major indices ended the week lower with the exception of the … Read more