ALEXANDER TRADING WEEKLY UPDATE


 

 

Weekend Report_2023_05_21

From last weekend's Report: All evidence points to an imminent sharp move. I am favoring down and I am positioned that way, but you most certainly do not want to get stubborn if this extremely coiled market decides to spring up. The "imminent sharp move" was spot-on....

Weekend Report_2023_05_13

Bottom Line:More of the same. The SPX, RUT and DOW continue to trade in various states of Balance, with the SPX being the poster child for a textbook Market Profile gaussian-like shape in two degrees of time. All evidence points to an imminent sharp move. I am...

Weekend Report_2023_05_08

Bottom Line: The US Stock market is still a confused market that had wide day-to-day swings last week but still lacks directional conviction. The NDX looks like it is on the verge of an upside breakout, while the SPX, RUT and DOW continue to test, but are unable to...

Weekend Report_2023_04_30

Bottom Line As of Friday’s cash close the US stock market looks bullish heading into next week. The SPX, NDX and DOW all closed very strongly to end the week and closed right at critical upper levels. The RUT began to show strength Thusday and Friday and if strength...

Weekend Report_2023_04_23

Bottom Line: Next week is the last week of April. Since March 31: The SPX is up .59% The NDX is down 1.37% The RUT is down .61% The DOW is up .62% That is three weeks of chop, overlap and non-directional rotation, ie….”Balance”. It is one of the primary precepts of...