ALEXANDER TRADING WEEKLY UPDATE

Bottom Line: From last week: "Identifying tops is more difficult than identifying bottoms. It is too early to have much of an idea of the immediate path of market structure. Closes by all four of the indices below the most immediate downside KRAs highlighted on the...

Bottom Line: I suggested in the Thursday Member update that the current rate of change was unsustainable and to begin to look for a more two-sided market. Friday’s gap up and subsequent reversal appears to have begun that process. Identifying tops is more difficult...

Bottom Line: I could almost cut and paste comments from last week into this section. As expected it was a low volume week. Volume should increase but we are still in the middle of summer when volume is generally lighter than normal.  Last week’s highs are particularly...

Bottom Line: PDF: Weekend Report_2023_07_03 VIDEO Friday marked the end of the second quarter. I believe the ramp into Friday’s close was exacerbated by “window dressing”. Next week is historically one of the low volume weeks of the year because of the 4th of July...

Bottom Line: Next week is the end of the second quarter. Quarterly endings are always accompanied by a reshuffling of the deck by large insitutions, much of which is mandated by their respective legal charter. There is no way to know the bullish/bearish result, but it...

Bottom Line: The current upside rate of change in the SPX, NDX and DOW is highly unlikely to continue, and some Balance/retracement is increasingly likely. The RUT is in an increasingly mature Balance Area and the direction of the breakout should be monitored closely....

Bottom Line: We have a big news week ahead. The NDX still continues to outperform. The RUT needs to continue to show strength to bolster an intermediate term bullish case. It is important to honor the price levels of each index. The structural disparity continues. SPX...

Bottom Line:First, from last weekend’s Report:The NDX/RUT ratio is at all-time highs. At a minimum, the rate of change of this ratio is very unlikely to continue. The breadth of the US stock market is not consistent with sustained bull runs lasting multi-months or...

The current market condition has not changed since March 31. Three of the four US primary trading indices are either flat or down since then, with the NDX continuing to exhibit extraordinary strength. Trying to understand the wildly and increasingly disparate price...