The Russell 2000 was the only index that moved significantly yesterday, breaking back above resistance and closing above that upside level. Resistance for the small-cap index today will be its down-trending 10-day moving average. For the S&P 500 and the Nasdaq 100, there are only small changes made to levels to reflect updated moving averages. [...]
The major indexes moved closer to resistance Friday, but none broke through. The Russell 2000 was the technical outperformer as it continued to climb back toward its year-to-date highs. There are no major changes to the index values other than adjustments to moving averages. Nasdaq 100 (NDX) First support is at 2260.21, its 10-day moving [...]
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Yesterday was once again a wild ride, largely pivoting around crude oil prices. Every dip in oil sent stocks and the indexes higher, and every gain in crude did the opposite. By the end of the session, the indexes finished largely unchanged after an unsuccessful rally attempt. The Nasdaq 100 fared best on the strength [...]
February 24, 2011 – 4:47 pm
How the waves of social mood led to an investment method worth looking into February 24, 2011 By Elliott Wave International Have you ever been at the ocean body surfing, just waiting for that perfect wave? When you begin to truly feel it, your adrenaline starts pumping. I came to work for Elliott Wave International [...]
February 18, 2011 – 9:31 am
The indexes meandered for most of yesterday’s session, never straying far from unchanged. The exception to the relative inertia was the Russell 2000, which outperformed and broke above resistance, so it gets fresh levels. There are no economic releases today and few catalysts in the form of earnings news heading into the long weekend. Federal [...]
February 9, 2011 – 9:31 am
The indexes failed to respond to some negative global macro news yesterday morning and finished the day at or near their session highs. With the exception of the Russell 2000, the indexes closed above yesterday’s resistance levels, which have now become support. After the bell last night Disney beat earnings expectations and 3M announced a [...]
December 13, 2010 – 9:27 am
The S&P 500 and the Nasdaq 100 both made marginal new highs at the close on Friday. The Russell 2000 continues its outperformance, pushing strongly above resistance. With a string of up days behind us, the issue now is whether these gains will hold or fade on profit-taking. With few catalysts scheduled between now and [...]
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