CandleWave – Action Suggestions for Tuesday, September 28, 2010 The Indexes All of the stock Indexes which we follow closed Down today. While net selling pressure had been strong beginning about 3 o’clock, prices leveled off during the final four minutes of trading, so I would not be surprised to see a small bounce when ...…
CandleWave – Action Suggestions for Monday, September 27, 2010 The Indexes The sharp rise across the board in the stock Indexes on Friday probably was (or is) the “last gasp” of the rally which began on September 1. The Indexes could continue toward the ultimate top on Monday and over the next few days. The ...…
CandleWave – Action Suggestions for Thursday, September 23, 2010 The Indexes All of the major stock Indexes which we follow are at, or close to, peaking and reversing. The S&P 600 Small Caps and the Russell 2000 may be a little ahead of the pack in that respect. All of the Indexes have participated in ...…
CandleWave – Action Suggestions for Wednesday, September 22, 2010 The Indexes On the New York Stock Exchange, volume last Friday was the highest-volume “Down” day since May 26. Although yesterday (Monday) was an “Up” day, volume was modest; while today (Tuesday), which was a “Down” day in the S&P 500 and in NASDAQS, volume on ...…
CandleWave – Action Suggestions for Monday, September 20, 2010 The Indexes The price of Volkswagen shares could have a big negative impact on USA stock Indexes next week. Wha-a-a-t? In a few minutes I’ll tell you why I think it’s possible. .,.,. What a performance by the Indexes today! The Dow Industrials closed Up 12.90, ...…
CandleWave – Newsletter – Sunday, September 19, 2010 It was not all that long ago that we were visiting a Gulf beach at a State Park on an island near us here, with our grandchildren in tow. It was a glorious day, and the kids were having a marvelous time in the gentle waves. However, ...…
CandleWave – Action Suggestions for Thursday, September 16, 2010 The Indexes “Steam Heat!” The Indexes are very hot to the touch. Optimistic sentiment is at an extreme, in this game of musical chairs. All of the Indexes which we customarily follow closed slightly higher today. Not all of them posted new Highs. There are many ...…
CandleWave – Action Suggestions for Tuesday, September 14, 2010 The Indexes We wrote about the VIX Index in our recent Newsletter. It closed today at 21.21, which is the lowest level since May, while leaving an Inverted Hammer Candlestick reversal pattern, which is bullish but needs a higher Close tomorrow for confirmation of bullishness. Here’s ...…
CandleWave – Action Suggestions for Monday, September 13, 2010 A. The Indexes The Dow Industrials rose 47 or so points, but did not make a new High. The S&P 500 and 100 mad new Highs and new Closing Highs. The NASDAQs made a puny showing. The Dow Transports, the S&P Midcap400, the Russell 2000, and ...…
CandleWave – Newsletter – Sunday evening, September 12, 2010 A Picture of Complacency “What, me worry?” Please look at the attached chart of the VIX, which is the Chicago Board Options Exchange Market Volatility Index. It is sometimes called the “fear index,” but that’s incorrect. Rather, it is an index of fear OF VOLATILITY in ...…