TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of March 22, 2024 Stocks rallied sharply last week across the board with most major indices moving into new record highs. Markets sold off on Friday in reaction to overbought short-term conditions. The S&P 500 cleared another century mark at 5200 and closed over the area and …
TECHNICAL ANALYSIS (by Intraday Dynamics) Are We Heading into March Madness? Dow Jones Industrials Weekly Candles As readers are aware, we are now entering into some major cycle timing. Tuesday’s daily timing resulted in sharp reversals to the upside and a new record closing high for the S&P 500. The Dow closed just under the …
S&P 500 Hourly H-L-C The S&P 500 has opened into, from a Market Profile standpoint, a strong area for sellers. This is their best value thus far. As pointed out in the latest technical update, sellers have a less than two-day window to work with right now unless they start to get some satisfaction soon. …
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of March 15, 2024 Stocks traded another manic week, finishing out a high-volume, triple-witching Friday with selloffs across the board. At this juncture, the Dow has now moved into a trading range and charts are testing sharply sloping trendlines. Technically, everyone can see what is going on …
Technical Analysis Major Indices Week of March 8, 2024 Stocks closed mostly lower with Friday marking new record highs for some indexes, NVDA, and then a massive loop-the-loop, outside day down as prices swooned from the highs. All the major indices ended the week lower with the exception of the Russell which eked out a …
The Dow hourly hit the .382% retracement level of the last major hourly swing and found support with oversold short-term conditions. Support is critical now at 38457, 38375 and 38202. Under 38202 would open counts to critical support at 37947/37940. Resistance is 38614 and 38710. A drive over 38710 will test 38789 with counts to …
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of March 1, 2024 FAANG Weekly Stocks ended the month of February scoring the fourth monthly gain in a row and then rallied on Friday with tech leading the way to new record highs for the FANG, the Nasdaq and the S&P500. Secondary stocks led the week …
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of February 23, 2024 Nasdaq NDQ Weekly In a shortened trading week, stocks saw most of the major indices surge into record highs with last week’s critical cycle timing on Wednesday/Thursday coinciding with the release of NVDA earnings. The markets were perched on the edge of anticipation …
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of February 16, 2024 Nasdaq 100 NDQ Weekly Stocks traded a volatile week with a 1-2 punch of the CPI and PPI readings coming in hotter than expected, even though the CPI minus shelter is under 2%. Only the secondary markets ended higher as the tech-centered and …
TECHNICAL ANALYSIS (by Intraday Dynamics) Major Indices Week of February 9, 2024 Nasdaq NDQ Weekly Stocks traded a mixed week tech (Chips!) continuing to lead the way and the S&P 500 closing above 5000 for the first time in history. The FANG led the way once again as it is knocking on the door of …