SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: StockOperator who wrote (13005)5/7/1999 10:58:00 AM
From: StockOperator  Read Replies (2) of 99985
 
Morning thread,

Missed all the action yesterday. I did not get my positive close on the avgs like I would have liked. That in my opinion would have cemented the previous day's reversal. Not getting that positive close by itself would not be so bad as long as the individual avgs and indexes display STRENGTH throughout the trading day. Yesterday's trading in many stocks that I follow gave up almost all of those gains and incredible a stock like INTC which CLOSED on Wednesday above the ENTIRE trading range from Tuesday gave back all of those gains yesterday to close BELOW the entire daily range the day before. I hope that made sense. In a nutshell - technically INTC had a bad day. The VIX has jumped which is totally understandable considering the inflation scare. It did however set a new MONTHLY HIGH which is definitely worth noting. This by itself is telling us that a move in the VIX is at least a possibility which could imply downside action in the markets overall.

So with the favorable news out today. You would expect the market to correct some of the damage done on a technical basis. If we do not get an upside push or a positive close and perhaps more importantly see stocks hit lower intra-day lows I would start getting nervous once again.

Good luck trading.

SO
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News