ALEXANDER TRADING BLOG


 

 

Weekend Update 2023_12_03

Weekend Report for Monday, December 4 Bottom Line: The bull leg in the indices that began off the late October lows continued in the first day of December similar to how it left the last trading day of November - strongly up.  I have expressed the thought for a couple...

Pre-mkt_2023_12_01

Pre-mkt_2023_12_01: The SPX may yet spike above 4607. Thursday's cash low is now the important downside level, and trading below it is an initial signal a top of relative significance might be in place. NYSE closing breadth has been "tame" in both directions since the...

Special Update_2023_11_30

US major stock indices are beginning to diverge away from the all-in buying ramp that began at the October lows. The current divergence between the DOW and NDX may be signaling a top of relative significance is forming, and breadth is also supportive of that idea. A...

Pre-mkt_2023_11_29

Pre-mkt_2023_11_29: https://tinyurl.com/6avp5zty The SPX has formed a 4-session Balance. In mature Balance Areas, in general, you want to be long above the HVN and short below it. The current HVN is 4556-4554. I am personally not comfortable chasing this vertical...