S&P 500 chart pattern

Bearish consolidation ahead of the Fed

deronwagner — Wed, 24 Jun 2009 08:36:28 -0400

Stocks followed up Monday's sell-off with a relatively quiet session of trading that left the major indices with mixed results. read more »

U.S. Natural Gas ETF forming a nice base

deronwagner — Fri, 19 Jun 2009 09:44:19 -0400

Stocks snapped their three-day losing streak yesterday, but a flat session in the Nasdaq, combined with lower volume across the board, made for an uneventful session. read more »

S&P 500 short-term trend resolution coming soon?

deronwagner — Tue, 26 May 2009 08:32:26 -0400

Last Friday's session was rather uneventful, as traders showed little commitment to either side of the market ahead of the holiday weekend. read more »

Head and shoulders pattern on hourly S&P 500 chart

deronwagner — Thu, 23 Apr 2009 08:10:55 -0400

Yesterday's session was a roller coaster ride that equally kept bulls and bears on their toes, but the sellers gained the upper hand by the close. read more »

Pullback to the 50-day moving averages likely

deronwagner — Tue, 21 Apr 2009 08:05:09 -0400

Not surprisingly, resistance of the S&P 500's February highs triggered a broad-based sell-off yesterday, causing the major indices to register their largest losses in weeks. read more »

The February highs are here...now what?

deronwagner — Mon, 20 Apr 2009 09:06:08 -0400

The major indices wrapped up the week by drifting in a tight, sideways range throughout last Friday's session, before settling modestly higher. read more »

How far would a pullback take stocks?

deronwagner — Fri, 20 Mar 2009 08:24:08 -0400

As anticipated, the S&P 500's touch of its 50-day moving average in the previous session gave the broad market a convenient reason to pause yesterday, but the moderate losses occurred on lighte read more »

50-day MA is the perfect excuse for a rest...or is it?

deronwagner — Thu, 19 Mar 2009 07:42:36 -0400

Stocks logged their sixth day of gains within the past seven sessions yesterday, as market participants reacted favorably to the Fed announcement they would begin buying long-term treasury bonds. read more »

Back to testing the five-year lows

deronwagner — Tue, 18 Nov 2008 07:45:34 -0500

Following a somewhat similar pattern as the previous day's session, the major indices drifted lower in the morning, reversed to new intraday highs in the early afternoon, then fell back to their se read more »

Will this reversal be different?

deronwagner — Fri, 14 Nov 2008 10:32:24 -0500

It was a wild day on Wall Street yesterday, as the main stock market indexes swung in a massive intraday range of 11% before posting some of their best gains of the year. read more »