S&P 500 and DOW: April 26th – April 30th, 2010
Last week the markets again gave no indication of a deeper correction and traded to new highs. Each flurry of selling has been met by buyers. The bears have barely seen more than two days of selling for several weeks now as the markets continue to move higher. Considering that this rally has gone [...]
Market Tops: – Is the Market Topping Out ?
Both the S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQQ) are trading near the upper trendline of a rising 8 month price channel and appear to be overbought.
SPY has stalled near the upper trendline during the last two weeks while QQQQ reached the upper trendline last week. It is very likely that we will [...]
