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  1. Another Test in Progress - Posted by Coolhand

    Quote Originally Posted by coolhand View Post
    The bears put up a fight last week to keep price from trending higher. I had said over the past week or so that the rising 50 dma was nearing a positive cross of the 200, which is technically bullish. This is certainly not lost on the bears, who are trying to turn this market around (lower). The 200 dma is also a key area in this fight.

    help! new playing catch-up-s-p-500-png
    help! new playing catch-up-dwcpf-png

    Volume was elevated on Friday as price closed below the 200 dma
    ...
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  2. TSP Talk Weekly Wrap Up

    Headlines of a surge in virus outbreaks in a number of states sparked selling in the second half of the week pushing stocks into negative territory. Despite around 3% in losses for U.S. stocks this week, the market remains essentially on hold. After weeks of relentless upside indices now are jumping around in a sideways trading channel; the week just happened to end at the bottom of that range. The possibility of another economic lockdown keeps investors ready to take profits and get out of stocks. ...
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