The Nasdaq and S&P 500 are back within their mid-October congestion zones. Absent any unexpected news or a big move in the dollar, I'd be surprised if they were able to move out of those ranges during this holiday week....

{"title":"November 20, 2009 Stock Market Recap","post_url":"http:\/\/tradermike.net\/2009\/11\/november_20_2009_stock_market_recap","feed_url":"http:\/\/tradermike.net\/index.xml","author":"TraderMike","date":"2009-11-22 18:26:37","summary":"The Nasdaq and S&P 500 are back within their mid-October congestion zones. Absent any unexpected news or a big move in the dollar, I'd be surprised if they were able to move out of those ranges during this holiday week...."}

Silly me. Last night when I mentioned that today's economic reports could move the market I neglected to mention that moves in the dollar could do the same. But that almost goes without saying these days. Of late, the currency...

{"title":"November 19, 2009 Stock Market Recap","post_url":"http:\/\/tradermike.net\/2009\/11\/november_19_2009_stock_market_recap","feed_url":"http:\/\/tradermike.net\/index.xml","author":"TraderMike","date":"2009-11-19 19:25:58","summary":"Silly me. Last night when I mentioned that today's economic reports could move the market I neglected to mention that moves in the dollar could do the same. But that almost goes without saying these days. Of late, the currency..."}

It's been a pretty quiet couple of consolidation days since Monday's push to new highs. Volume has been well below average and price has stayed within Monday's range. It feels like people are getting an early start on Thanksgiving. We...

{"title":"November 18, 2009 Stock Market Recap","post_url":"http:\/\/tradermike.net\/2009\/11\/november_18_2009_stock_market_recap","feed_url":"http:\/\/tradermike.net\/index.xml","author":"TraderMike","date":"2009-11-18 16:39:08","summary":"It's been a pretty quiet couple of consolidation days since Monday's push to new highs. Volume has been well below average and price has stayed within Monday's range. It feels like people are getting an early start on Thanksgiving. We..."}

The weak dollar, strong stocks trade asserted itself again today, this time lifting many of the indices to new 52-week highs. So the bears can no longer hope for those double-top and head & shoulder patterns to pan out. Even...

{"title":"November 16, 2009 Stock Market Recap","post_url":"http:\/\/tradermike.net\/2009\/11\/november_16_2009_stock_market_recap","feed_url":"http:\/\/tradermike.net\/index.xml","author":"TraderMike","date":"2009-11-16 17:58:02","summary":"The weak dollar, strong stocks trade asserted itself again today, this time lifting many of the indices to new 52-week highs. So the bears can no longer hope for those double-top and head & shoulder patterns to pan out. Even..."}

We had a little pullback today on mixed volume. The S&P 500's volume remained about the same as the past couple of sessions but volume increased on the Nasdaq, Russell 2000 and Dow. So I still have the same concerns...

{"title":"November 12, 2009 Stock Market Recap","post_url":"http:\/\/tradermike.net\/2009\/11\/november_12_2009_stock_market_recap","feed_url":"http:\/\/tradermike.net\/index.xml","author":"TraderMike","date":"2009-11-12 18:04:27","summary":"We had a little pullback today on mixed volume. The S&P 500's volume remained about the same as the past couple of sessions but volume increased on the Nasdaq, Russell 2000 and Dow. So I still have the same concerns..."}