SPY

Interestingly, yesterday's afternoon action and this morning's consolidation have the five-day moving average tilted upward once more.

The full point bounce on such awful internals should be treated skeptically, in my opinion. Of course, one can't trade internals…!

This is an emerging pattern that bears some scrutiny.  It would be easy to dismiss the “A” chart divergence as a product of August volatility but it appears there's something more fundamental going on when the rally of the past 3 weeks is doesn't cause the spread to constrict…in fact, it's...

This move has the SPY pushing well into it's 23% Fibonacci extension and into the low end of prospective resistance zones. Financials and Energy have the SPY outpacing the QQQ and IWM.

The bulls squandered a strong open and trended lower all day, even breadth finished negative.  Gold and silver were the big winners once again.  We certainly have lots of gloom and negativity, so it won't take much for an oversold bounce/short squeeze to kick in, but do we need to break lower first...

Last week's review of the macro market indicators looked like a reversal of the previous week. Gold ($GLD) looked heading lower while Crude Oil ($USO) [...] Go to http://www.SwingTradingDaily.com for full article, videos and real-time updates.

U.S. Treasury bonds prices surged during trading today causing 10 year yields to fall to their lowest point since July, as problems in Greece increased after the government approved several austerity measures in exchange for financial aid from Germany, IMF and the rest of European Union. Yields...