The public enthusiasm for the stock market has continued to deteriorate over the past few months. Last weekend, a Barron’s columnist referred to the prior week as “volatile flatness,” as despite wide swings during the week, the Dow ended only 48 points lower. In the article, the head of institutional equity strategy at Stifel predicts…Read more
About: Tom Aspray
Tom Aspray has been analyzing and advising institutions and investors on the financial markets since the early 1980’s. Tom has gained the respect of other leading technical analysts over the years even though he has avoided seeking the limelight.
Recent Posts by Tom Aspray
The performance of the stock market in the first quarter of 2018 left many investors and traders nervous if not disillusioned. This is especially true of those who just moved into the stock market in late 2017 or early 2018. In last weekend’s article, “The Week Ahead: the Good and Bad News For Investors,” I discussed my view…Read more
The S&P 500 dropped 20 points below the 200 day MA at 2615 on Thursday May 3rd before it reversed to the upside and closed at 2639. The buying continued on Friday May 4th and the market's strong close was impressive . The market internals were strong with 2239 stocks advancing and just 746 declining.…Read more
The stellar earnings of last week from some of the largest companies could not move the market significantly higher as the major averages were mostly lower. Only the Dow Utilities were able to close the week with significant gains, as it was up 2.5%. [caption id="attachment_5c44515738bb41d0bcb4bc3ba3ab03fb" align="alignleft" width="960"] (AP Photo/Richard Drew)[/caption] The stock market’s attempt…Read more
The S&P 500 lost 0.85% on Friday while the Nasdaq Composite declined 1.3% which erased much of the week’s gains. Both still closed the week higher as they were up just over 0.5%. The small-cap Russell 2000 did better up 0.90% while the Dow Transports were up over 2%. On The NYSE there were 1843…Read more
Many years ago I was giving a presentation in Tokyo when a client gave me a copy of “Japanese Chart of Charts” by Sieki Shimizu. Candle charts soon became a part of my regular analytical routine and there is one formation that I have found to be especially valuable. This formation is called a doji…Read more
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