Despite the tepid start to the trading week last week, the bullish finished strong, taking all the major indices above some major technical resistance lines. Granted, Friday's bullish move was more than a little overheated, with the opening gaps leaving the market vulnerable to a pullback that may well serve to start a corrective move. But, it's interesting that the...
Despite the wobbly start last week, the bulls took control again on Thursday and Friday to push the week back into the black. The move has yet to clear all the major hurdles that could prove to be technical problems, but at least things are pointed in a bullish direction. On the flipside, stocks may have already walked back into a...
Acceleration Bands BigTrends' Acceleration Bands envelop a stock or index chart, plotting a boundary line above and below it with the finding points in time where a breakout or breakdown has trade-worthy momentum. They’re akin to Bollinger Bands and moving average envelopes, but in many regards are superior to both. Acceleration Bands are more adaptive than moving average enveloped but less...
Incredibly enough, last week's gain was the biggest weekly gain of the year. The S&P 500 (SPX) (SPY) gained 3.22% last week, and though it was mostly just fortunate timing that allowed for the big week-to-week move, the momentum is impressive nonetheless. The question is, can it last? Answer: Maybe. The rally knocked over some fairly important resistance levels, though a...
Despite the bearish start to the week on Monday and a bearish initial response to Friday morning's employment report for September, the bulls managed to reversal course Friday afternoon to hammer out a big gain for that day and even a small gain for the week. A couple of the key indices even managed to climb back above their short-term...
Despite a couple of efforts to shrug it off, the market could never quite snap the downtrend that was put into place by a key reversal bar two Fridays ago. In fact, the fact that Friday's rally efforts were thwarted at a well-established line in the sand suggests the bulls remain on the defensive. The flipside: The bears didn't exactly...
BigTrends Weekly Market Outlook What started out as a fairly bullish week didn't end as one. The Federal Reserve's decision to not raise the nation's key interest rate inspired just enough doubt about the health of the global economy to send stocks lower on Friday. It was just enough of a stumble to pull stocks back into the red for the...
The market may have peeled back off of its highs hit last week, but even with that dip the S&P 500 (SPX) (SPY) managed to close on Friday a solid 2.0% better than where it ended the prior Friday. It remains to be seen if stocks can sustain the uptrend; there are strong technical arguments from both sides of the...
The market never could get the rebound rally from two weeks ago restarted last week. In fact, between Tuesday's near -3% stumble and Friday's 1.5% lull, the S&P 500 (SPX) (SPY) finished the week on the defensive more so than the offensive. The bulls still have their work cut out for them. And yet… While stocks are facing the wrong direction,...
BigTrends Weekly Market Outlook by Price Headley What a wild week! Perhaps the wildest we've seen in years, with a 5.3% plunge over the course of the first two days of last week more than wiped away by the 6.4% rebound seen over the course of the last three. We're still in the hole by more than 5% since the...
