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My forecast for today's sessions ('... and a likely scenario on Thursday's session might be an index trading (significantly) lower at least at some time during Thursday's session, but closing near unchanged levels.') was almost close to perfection (u
The SPY closed out November 2011 on a strong note, posting its biggest gain of the trailing quarter, up 4.11% on the close.
My expectation for Thursday, December 1 is mixed, mainly due to the fact that (at least) two setups were triggered today, unf
UPDATE
The SPY (S&P 500 SPDR) closed higher on the day, but NOT above Monday's high. Therefore the first setup ( the SPY closing higher on November's release of the Consumer Confidence Index ) had been triggered, the second one ( the SPY closing
After closing lower on seven consecutive sessions, with the (ratio) ‘adjusted‘ McClellan Oscillator (20.00% trend, 4% trend) hitting a near record-low on Wednesday, November 23 (see The McClellan Oscillator (Adjusted) ), major market indices fin
During the last couple of sessions, major market indices refused to post at least one higher close (the S&P 500 has closed lower for the seventh session in a row now) although historical probabilities and odds were partly significantly tilt in fa
With three sessions left in November, it's time to look at the stock market's historical performance in December.
As measured by mean returns, the best months for seasonal stock market trends are December (ø 1.59%), followed by July (ø 1.44%), Apr
As already presented in Wednesday's posting ( see Now or Never … ) and at first noticed by Rennie Yang from MarketTells (by the way wholeheartedly recommended), the S&P 500 is in extreme oversold territory now, not only characterised by an 2-d