ALEXANDER TRADING WEEKLY UPDATE

https://youtu.be/Nfo39FIVHjY

Bottom Line: No change:  All four primary US trading indices remain between pivots of at least two degrees of time. The next 5% move is a total guess. That isn’t what people want to hear, but it is the current reality. The SPX third quarter Auction is quite narrow and...

Bottom Line: All four primary US trading indices remain between pivots of at least two degrees of time. The next 5% move is a total guess. That isn’t what people want to hear, but it is the current reality. From last weekend’s update: The SPX third quarter Auction is...

Bottom Line: The US equity market continues to absorb any and all news bullishly. All four primary US indices continue to make higher highs and lows in the intermediate term timeframe. This is the most bearish part of the year from a seasonal perspective, but there...

Bottom Line: Last week’s highs in the indices are now the immediate upper levels to watch. A close above those levels by ALL FOUR of the primary US trading indices is a bullish signal. As of Friday’s close, the Fed Jackson Hole event has not exactly inspired the...

Bottom Line: The Russell 2000 is the broadest of the four primary US trading indices, so it is always critical to watch. During the manic ramp by the NDX, and to a slightly lesser extent the DOW and SPX, into the July highs, The Russell 2000 lagged in performance. It...

Bottom Line: Auction Market price action suggests the decline from the highs is simply a pause in a larger degree uptrend than anything more significant than that. Balance/consolidation was overdue and we may not be done with that market phase for a while. The DOW is...

Bottom Line: Evidence of a top of relative significance is in place due to last week’s drop in all four US primary trading indices. The SPX closed down Friday for the fourth consecutive day. Four consecutive down closes is rather rare, so at least a short-term low is...

Bottom Line: US indices remain relentlessly bid. Thursday’s dramatic reversal brings the immediate trend into question, but that decline was substantially retraced on Friday. The simplest and surest way to stay on the right side of a trend is to follow price action....