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Support levels in the market

Trading > Morpheus Trading

Bearish consolidation ahead of the Fed

Deron Wagner | Wed, 06/24/2009 - 8:36am | ETFs (exchange traded funds), S&P 500 chart pattern, Support levels in the market |  Add a comment

Stocks followed up Monday's sell-off with a relatively quiet session of trading that left the major indices with mixed results. The broad market drifted lower throughout the first hour of trading, recovered, then stabilized in a tight, sideways range throughout the rest of the day. The S&P 500 ... Read more

Trading > Morpheus Trading

Critical test of October 2008 lows

Deron Wagner | Thu, 11/13/2008 - 8:42am | capital preservation, Deron Wagner, ETFs (exchange traded funds), Morpheus Trading Group, Support levels in the market, Technical Analysis |  Add a comment

Building on selling pressure from Tuesday's breaks of short-term support levels, the major indices fell sharply lower yesterday. Closing near the bottom of their month-long bases of consolidation, the S&P 500 and Nasdaq Composite suffered identical losses of 5.2%. The blue-chip Dow Jones Indus ... Read more