Stock Market Direction

Market Direction Remains Intact But Overbought Condition Could See Weakness

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Market Direction Remains Intact But Overbought Condition Could See Weakness

All this week I have written about how market direction has exhibited higher highs and higher lows for the past several weeks, which is a clear bullish sign. Today the S&P continued that market direction move higher and reached an intraday high of 1380 before pulling back to 1376.51. 1380 marks the first significant higher high since this latest rally began and bypasses the previous high of 1374.81 made July 3. The market is now very overbought but market direction could continue to climb higher…

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Market Direction Change To Up Is Confirmed By Market Timing Analysis

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Market Direction Change To Up Is Confirmed By Market Timing Analysis

Market Direction for the short-term has changed again, while the mid-term stock market direction remains with a range bound stock market. The analysis of the stock market after the stock market move up on Friday shows that the market timing indicators are predicting the market direction bias is now up. While timing the market is not science the market timing tools I use for the analysis of the stock market are based on sound principles which include among others, volume, momentum and sentiment. Since the…

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Market Direction Clings To Bernanke Put Despite The Lack Of QE3

, Categories: Stock Market Outlook

Market Direction Clings To Bernanke Put Despite The Lack Of QE3

Market direction remains almost unchanged from my last market direction outlook. The stock market direction remains caught in a narrow trading range between 1300 on the low-end and 1375 on the top end. Yesterday’s stock market action was like today’s. The stock market direction took a tumble and then recovered. Today the stock market wandered while waiting for the Fed Chairman to make an indication about possibly commencing more Quantitative Easing. When that didn’t occur, the stock markets fell including more than 120 points on…

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Market Direction Ends With Market Timing Indicators Undecided

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Market Direction Ends With Market Timing Indicators Undecided

Market direction today was one of the more exciting days so far this year. Earlier today I commented how market direction was entering a pivotal day. It turns out it was indeed pivotal. The S&P 500 fell all the way to 1313.29 but ended down just 2.81%. The fall to 1313.29 wiped out two days of gains for the S&P and in a couple of hours the S&P managed to recover. It was an exciting day and while I thought the S&P would sell off…

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