Hello SpikeTraders,Markets gave up early gains closing well off their highs. All three major indexes did manage to close in positive territory and hold above support levels. Let’s look at the charts…
Hello SpikeTraders,Yesterday I headlined my NHNL post “Bulls withstand an attack.” I explained why the structure of Wednesday’s down-day (S&P lost 30 points) actually reflected bulls’ strength. The biggest factor of course is our recent Spike signal. The shorter-term factor – bulls’ ability to lift the market off the day’s lows after a bear attack and ram it back into the trading range. Today those bulls followed up on yesterday’s partial success by adding 75 points to the S&P500.Let’s look at our charts…
Hello SpikeTraders,This is my first NHNL post in two weeks, having just returned from a trip to Estonia. Thanks to Kerry for “holding the fort.” Of course, I continued to read all daily posts and answer questions. It felt good to know that we had prepared you for last week’s wild rally by repeatedly focusing on the developing Spike (augmented by two Spike Bounce signals).Good advice is hard to give, but even harder to accept and implement. Hat’s off to those who covered shorts and went long when the time was right.Let’s see what our charts tell us today…
Hello SpikeTraders,Markets closed slightly negative, and it should not be a surprise the markets paused after a strong reaction rally from oversold conditions last week. May was another volatile month for the stock market as investors continued to worry about inflation and interest rate hikes. The S&P ended the month marginally down but closed 322-points off its lows for the month. Let’s look at the charts…
Hello SpikeTraders,Markets rallied and demonstrated good upside follow thru and now needs to show it can hold above the 4000 level while new monthly lows remain below 500. For the most part the move has held its script. Let’s look at the charts…
Hello SpikeTraders,Markets closed higher with another Spike Bounce signal triggering as positive divergences remain in play. Markets rallied in the afternoon shortly after the Fed minutes were released, confirming the intention of further interest rate increases. Let’s look at the charts…
Hello SpikeTraders,Markets closed mixed as all three major indexes closed off their lows and near the high of the day. The Nasdaq was the weakest, closing down over 2% as the S&P500 was down 32-points, and the Dow Jones Industrials closed marginally higher by 48-points. With today’s mixed action, what clues can we glean from the charts to see if the Spike Signal and Spike Bounce signal will be strong enough to provide additional upside for the rally? Let’s look at the charts…
Hello SpikeTraders,Markets came off a seven week losing streak as a new Spike Signal and a V-1 Trigger had confirmed on Friday. Today a Strong Bounce signal triggered as the monthly NH-NL Index moved back above -500. Let’s look at the charts…
Hello SpikeTraders,Markets closed negative in a choppy trading session. The S&P 500 slid closer toward bear market territory, defined as a close of 20% from its recent high.The index is down roughly 19% from its all-time high. Let’s look at the charts…
Hello SpikeTraders,Yesterday’s 83-point S&P rally was followed by today’s 165-point decline. What does it tell us about Spike signal and the outlook for near future? Let’s examine our charts, with special attention to the NH and NL numbers …