Dips below the rising 100 hour MA have been short lived this week The USDJPY just dip below its 100 hour moving average as yields moved back down and stocks seemed to be getting off to a “sell the higher open” start. However, the dip below the MA line at 109.189 was short lived (so far at least). […]
USDJPY dips below the 100 hour MA but not for long (again) Read More »
The 50% slowed the decline today The Nasdaq index is still down -324 points or -2.34% on the day, but the low for the day did reach down to 13485.59, down -2.95% or -409.53 points. That day low, dipped briefly below the 50% of the move up from the April 25th low at 13499.19. However,
Nasdaq rebounds near the 50% midpoint of recent move Read More »
Nasdaq index lower. Dow closes higher The NASDAQ index has now posted a three day losing streak as it fell -0.48%. The Dow snapped a two day losing streak closing higher by 0.7%. The final numbers are showing: S&P index up 11.49 points or 0.27% at 4192.66 NASDAQ index down 67.565 points or -0.48% at 13895.11 Dow industrial average
Rotation into the cyclicals and out of tech in stock trading today Read More »