Stock Market Technical Indicators & Analysis
Dr. Wish On to end of year/quarter mutual fund window dressing. My next post will be Monday morning.
I bought some January deep in-the-money call options on ABV yesterday. It may be breaking our of a multi-week consolidation. Yesterday, though, there was little increase in volume as it rose. If it falls back, I will sell. Click on this daily chart to enlarge.
While all of my market indicators remain positive, the leaders appear to be stalling. Option expiration comes on Friday and I am looking for a strong end of quarter/year.
Monday was the 16th day of the short term up-trend for the QQQQ. Please note that I corrected my post from yesterday. The stochastic that I used to track the Dow 30 since 1916 was the monthly 25.4.4 stochastic. These settings were discovered by trial and error.