January 21, 2016 - TradeThirsty

Stocks Finally in Oversold Bounce Mode

by Serge Berger | Jan 21, 2016 | Stocks

After an 8% drop in the S&P 500 in the first two and a half weeks of the year, Wednesday started with an ugly sell-off but ended with a strong bullish reversal. Some indices such as the Russell 2000 after dipping deep into the red even managed to turn green by...

Midweek Update – SPY Rallies Hard But Beneath 5-day EMA

by Ron Haydt | Jan 21, 2016 | Stocks

SPY (S&P 500 ETF) rallied hard intraday to only finish down 1.22%. While the candle does look like a ‘hammer’, confirmation is needed in candlestick analysis. The VIX has yet to really pop higher into the 30’s or 40’s, which is keeping...