Another Divergence in Small Caps Could Signal a Correction in Stocks

The Russell 2000 index is struggling to stay above major support at 1220. A start of another divergence between small and large caps would be a highly negative signal for the market. A move above 1250 in this small cap index will be a positive signal.

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The Price Action Lab Report – Thursday, March 5, 2015 [Premium]

The Price Action Lab Report is delivered daily before the market open. It includes quantitative analysis and high probability setups in popular ETFs. Click here for details.

Major U.S. indexes were lower on Wednesday with the market working off overbought conditions.

High Probability ETF Setups

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Gold at a Critical Juncture

Unable to rebound, gold is now at a critical juncture, trading this morning just above $1200. Price action is weak with the 14-day Relative Strength Indicator (RSI) at 40.38. Major support is near $1180.

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The Price Action Lab Report – Wednesday, March 4, 2015 [Premium]

The Price Action Lab Report is delivered daily before the market open. It includes quantitative analysis and high probability setups in popular ETFs. Click here for details.

Major U.S. indexes were lower on Tuesday with the market starting to work off overbought conditions.

High Probability ETF Setups

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NASDAQ 5000: The Bright Side of the Financial Crisis

Who thought back in 2002 that NASDAQ would recover after only 13 years from the dot com crash? This recovery was due to massive stimulus. Had the financial crisis not occurred, it would have probably taken NASDAQ several decades to recover the losses from the tech stock market bubble.

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The Price Action Lab Report – Tuesday, March 3, 2015 [premium]

The Price Action Lab Report is delivered daily before the market open. It includes quantitative analysis and high probability setups in popular ETFs. Click here for details.

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Another Long Uptrend in Stocks is Unlikely to Occur in the Near Future

The last golden cross in S&P 500 occurred on January 31, 2012. The 50-dma has stayed above the 200-dma for 774 days, or more than three years. It will probably take a while to have another golden cross that lasts more than two years  after the current one reverses. Trend-followers should enjoy this uptrend because after it terminates they will need to brush the dust off those stock picking manuals.

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