This week marks the first time I'm doing a daily stock market analysis on Dstockmarket.com. Let us look at what the stock market is telling us. Instead of putting each day's analysis on its own page, I have put the whole week's analysis on this page. The latest analysis is on top.
Yesterday we saw a first sign of weaknesses when the QQQ dropped below its 60 min 20 MA. The DIA and SPY are still holding strong. The IWM has dropped below its 60 min 20 and 50 MA. This is not a very good sign for the small caps. There is a need to be cautious at the moment.
The stock market is still showing signs of bullishness with the Dow making another new high. Yesterday we saw the SPX and Nasdaq Composite making another 60 min box. If a breakout occurs we will probably move higher again. We continue to be bullish as long as the indexes are above their rising 60 min 20 MA. So far no sign of weaknesses yet.
The stock market made another new highs yesterday and we continue to be bullish on the market as long as it is above the rising 60 min 20 MA.
With the semiconductors and the financial in a daily uptrend, we are certainly in a strong bull market.
As I look at what the markets are telling me, we are in a strong bull market at the moment and the way to make money is to buy the breakouts and the dips. The 60 min chart shows a very bullish environment and therefore, breakouts are the way to go at the moment.
So far, no sign of weaknesses appear on the daily or 60 min charts. As long as the SPY and QQQ is above its rising 60 min 20 MA, we continue to be bullish on the stock market.
Aug 17, 18 05:07 AM
In this lesson we will take a look at the technical developments of OKA Corp's stock price and why it moved the way it did. We will also have a look at what might happen to OKA's stock price.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.