CandleWave – Action Suggestions for Tuesday, November 30, 2010 1. The Indexes As the market opened and then proceeded today, the “Euro news” regarding the bailout of the Irish banks dragged on the market, in spite of perceived good sales news stemming from “Black Friday.” As morning turned into afternoon, however, cooler (or warmer?) heads ...…
CandleWave – Newsletter – Sunday, November 28, 2010 The Dow Industrials Index and the S&P 500 have moved pretty much sideways during the past eight days. The Dow is about 350 points below its recent High of November 5, while the S&P MidCap 400 actually made a new High last Wednesday. The S&P 600 SmallCap ...…
CandleWave – Action Suggestions for Monday, November 29, 2010 1. The Indexes The Dow Industrials closed Down 95 points on a “nothing” day in the stock market. The S&P 400 MidCaps and 600 SmallCaps performed better than the blue chips and the NASDAQs, the 400 setting a new High and demonstrating that the “man in ...…
CandleWave – Action Suggestions for Friday, November 26, 2010 1. The Indexes The Dow Industrials Index and the S&P 500 gained modestly today, so they’re back where they were, two, three, and four days ago. The really significant thing is that the S&P MidCap 400 and the S&P 600 SmallCaps have not fallen back from ...…
CandleWave – Action Suggestions Touch-Up for Wednesday, November 24, 2010 1. The Indexes The major stock Indexes fell when the door opened, and the Irish government is about to do the same. There may be a connection. After the initial drop, prices meandered about within a narrow range for the rest of the trading day. ...…
CandleWave – Action Suggestions for Tuesday, November 23, 2010 1. The Indexes As we suspected, there was indeed a bias toward Down in this morning’s trading, until prices bottomed out at about 1 o’clock and rose consistently from that time until closing. Even so, the Industrials and the S&P 500 both closed slightly lower on ...…
CandleWave – Action Suggestions for Monday, November 22, 2010 1. The Indexes The trading ranges throughout the major Indexes were very tight on Friday. We weren’t handed any definitive clues as to the next moves. All three possible scenarios are still in play. The most likely view is that the Highs of November 9 were ...…
CandleWave – Newsletter – Sunday, November 21, 2010 The word “deflation” is in the air. We have been saying for a long time that it is on the way. The Federal Reserve has tried to avoid using the word, relying instead upon euphemisms such as “disinflation” and “unacceptably low rates of inflation.” But all along, ...…
CandleWave – Action Suggestions Touch-Up for Friday, November 19, 2010 1. The Indexes We did get the bounce that I was expecting, probably having to do with the GM stock offering. The Industrials closed at about the same price as their opening two days ago. “By rights,” this bounce ought to go a little higher ...…
CandleWave – Action Suggestions for Thursday, November 18, 2010 1. The Indexes The Dow Industrials closed Down 15.62 points; the S&P 500 closed Up a hair, as did the NASDAQs and the S&P SmallCaps 600. It does not appear that this downleg is complete, although there may be a relatively brief bounce tomorrow in celebration ...…