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broad market trends

Trading > Morpheus Trading

Will the short-term trends remain intact?

Deron Wagner | Mon, 10/26/2009 - 8:29am | broad market trends, chart patterns, ETFs (exchange traded funds), support/resistance levels, Technical Analysis |  Add a comment

Last Thursday's surprising reversal off the previous day's lows vanished just as quickly as it came. Stocks gapped higher on Friday's open, but traders immediately sold into strength, setting into motion a steady intraday downtrend. By the closing bell, the major indices had given back most to all ... Read more

Trading > Morpheus Trading

An ounce of caution is warranted here

Deron Wagner | Wed, 01/07/2009 - 8:22am | broad market trends, ETFs (exchange traded funds), Japanese Yen ETF |  1 comment

A choppy and indecisive day of trading led to a round of moderate gains yesterday, as turnover in the Nasdaq returned to average levels. The S&P 500 advanced 0.8% and the Dow Jones Industrial Average rose 0.7%, while relative strength in the tech arena enabled the Nasdaq Composite to gain 1.5% ... Read more

Trading > Morpheus Trading

Monitoring the two-day trading ranges

Deron Wagner | Tue, 10/28/2008 - 8:49am | broad market trends, Deron Wagner, ETFs (exchange traded funds), Morpheus Trading Group, Technical chart patterns |  Add a comment

Stocks meandered through another choppy, range-bound day of trading, oscillating between positive and negative territory throughout the session. After opening lower, late-morning buying interest lifted the major indices to intraday gains of approximately 2%, but a vicious drop minutes before the c ... Read more