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Although during the first part of Tuesday's session it seemed that the market would probably end his series of higher closes, the bulls gained the upper hand again due to a remarkable late-day recovery (not from oversold, but already overbought cond
The same procedure on Monday's session again: from a historical and statistical perspective a negative short-term tendency, but a remarkable positive outcome (with respect to a couple of setups the first occurrence since 01/02/1990, e.g. NASDAQ Adva
On Friday's session the market (at least the S&P 500) -for the most part- complied to the slightly negative outlook based on those setups which were triggered on Thursday's close calling for an at least limitied upside potential during Friday's
The market is undoubtedly in 'bull mode', and even if historical probabilities and odds are tilt in favor of lower closes and/or below-average expectancy (profit factor) based on regularly a couple of negative setups triggered on the previous sessio
With respect to market breadth on the NYSE, US major market indices posted one of their strongest sessions since 02/01/1990. NYSE Advancing Issues/Declining Issues closed at 8.97, NYSE Advancing Volume/Declining Volume at 28.15 (NYSE TRIN at 0.32),
With ES (E-MINI S&P 500) up +15.50/+1.75% after Intel's profit and sales blew past Wall Street's forecasts, it doesn't make sense to publish a posting based on those setups which were triggered on Tuesday's close. Posting will resume after Wedn
The supposed lower close over the course of the then following five sessions due to the perpetual under-performance of small caps vesus big caps (the Russel 2000 closed lower 5 days in a row and under-performed the S&P 500 on a fivth continuous