Sellers ruled again today. They closed the market on its lows for the second straight session and left every sector & index in the red once again. The last five sessions have showcased some impressive selling. The bulls haven’t been able to hold the Dow, Nasdaq or S&P 500 above their lower […]
Browsing Bollinger_Band_Walk™
March 5, 2007 Stock Market Recap
Posted by Michael in March 5th, 2007
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Jan. 12, 2007 Recap and Stocks to Watch
Posted in: Chart Reading, Stock Market Tags in: Bollinger_Band_Walk, Commodities, ETFs, PowerShares-DB-Agriculture-Fund-(DBA), Technical Analysis and Trendlines
The Nasdaq continued to lead the major indices higher on Friday. It closed at a new 6-year high and above its upper Bollinger Band for the second day in a row.The S&P 500 and Dow made new closing highs and are just a buy program away from making new intraday highs. So the […]
Walking the Upper Bollinger Band
Posted by Michael in May 24th, 2005
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Obviously there’s a lot of strength in the market right now. I assume that’s largely due to money mangers scrambling to participate in the rally and I won’t be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts […]
New 52-Week High for the NASDAQ
Posted in: Stock Market Tags in: Bollinger_Band_Walk, Fibonacci, new-fifty-two-week-highs and On-Balance-Volume-(OBV)
Today the NASDAQ finally closed over 2,000 and took out its November highs. This is the first close above 2,000 since January of 2002. It’s hard to argue with the price action in the indices. About the only thing that I don’t like is the fact that this NASDAQ high is on […]
