Walter Deemer
@walterdeemer.bsky.social
Retired institutional market analyst (1964-2016)
To fill this morning’s gaps, $SPY would have to rally to 643.14 and $QQQ to 568.54. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.
September 2, 2025 at 1:41 PM
To fill this morning’s gaps, $SPY would have to rally to 643.14 and $QQQ to 568.54. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.
If at first you don't succeed, try, try, try again?
August 20, 2025 at 2:46 PM
If at first you don't succeed, try, try, try again?
I am seeing some concern regarding some breadth measures. I don't follow the more esoteric things like S&P-only breadth (index-related activity makes all 500 stocks move at once), and the all NYSE issues A-D line is currently a not-yet-concerning 1427 net advances below its high.
August 19, 2025 at 3:09 PM
I am seeing some concern regarding some breadth measures. I don't follow the more esoteric things like S&P-only breadth (index-related activity makes all 500 stocks move at once), and the all NYSE issues A-D line is currently a not-yet-concerning 1427 net advances below its high.
Just wanted to point out that $IT was in a well-defined downtrend long before the sky fell in. To paraphrase Dave Keller: "Bad things happen to stocks in downtrends."
August 12, 2025 at 4:07 PM
Just wanted to point out that $IT was in a well-defined downtrend long before the sky fell in. To paraphrase Dave Keller: "Bad things happen to stocks in downtrends."
To fill this morning’s gaps, $SPY would have to decline to 633.44 and $QQQ to 567.76. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.
August 7, 2025 at 1:48 PM
To fill this morning’s gaps, $SPY would have to decline to 633.44 and $QQQ to 567.76. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.
This is a chart of the NASDAQ 100 with a relative strength line vs. the NASDAQ Composite rather than the usual S&P 500. I find it interesting that the NASDAQ 100/$QQQ, where the MAG 7 live, has been underperforming the NASDAQ Composite for three months now.
August 6, 2025 at 4:07 PM
This is a chart of the NASDAQ 100 with a relative strength line vs. the NASDAQ Composite rather than the usual S&P 500. I find it interesting that the NASDAQ 100/$QQQ, where the MAG 7 live, has been underperforming the NASDAQ Composite for three months now.
Legendary market technician Phil D. Gapp called me from his summer retreat on Nantucket to point out that Friday's big gaps in $SPY and $QQQ were both filled today.
August 4, 2025 at 11:07 PM
Legendary market technician Phil D. Gapp called me from his summer retreat on Nantucket to point out that Friday's big gaps in $SPY and $QQQ were both filled today.
Just thought I'd throw this out there given the brouhaha over the jobs numbers.
August 2, 2025 at 4:29 PM
Just thought I'd throw this out there given the brouhaha over the jobs numbers.
$AAPL chart not looking too good after the first hour.
August 1, 2025 at 2:32 PM
$AAPL chart not looking too good after the first hour.
To fill this morning’s gaps, $SPY would have to rally to 630.77 and $QQQ to 563.87. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.
August 1, 2025 at 2:01 PM
To fill this morning’s gaps, $SPY would have to rally to 630.77 and $QQQ to 563.87. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.
Outside day today. (No need to watch FinTV tonight; already know everyone sold the opening.)
July 31, 2025 at 8:04 PM
Outside day today. (No need to watch FinTV tonight; already know everyone sold the opening.)
Lotta chatter about the negative breadth this morning. To put it into perspective, his is how things stood as of last night. Last Wednesday's high was confirmed, so the breadth "problem" is only eight days old. At least at the moment
July 31, 2025 at 3:56 PM
Lotta chatter about the negative breadth this morning. To put it into perspective, his is how things stood as of last night. Last Wednesday's high was confirmed, so the breadth "problem" is only eight days old. At least at the moment
This morning's gaps were filled before famed market technician Phil D. Gapp got to the office. (This is a 15-minute bar chart.)
July 31, 2025 at 3:02 PM
This morning's gaps were filled before famed market technician Phil D. Gapp got to the office. (This is a 15-minute bar chart.)
Another day, another billion shares in the first hour...
July 25, 2025 at 2:27 PM
Another day, another billion shares in the first hour...
Today's NASDAQ wunderkinder: over a billion shares already (10:20).
July 24, 2025 at 2:22 PM
Today's NASDAQ wunderkinder: over a billion shares already (10:20).
Periodic Reminder:
July 20, 2025 at 7:00 PM
Periodic Reminder:
Once in a while I post a chart of the NASDAQ wunderkinder du jour. If you've ever wondered how they did afterwards, this is one of them:
July 18, 2025 at 2:39 PM
Once in a while I post a chart of the NASDAQ wunderkinder du jour. If you've ever wondered how they did afterwards, this is one of them:
GrabAGun is not your garden-variety weekly chart...
July 18, 2025 at 1:37 PM
GrabAGun is not your garden-variety weekly chart...
The rest of the world stock markets have been underperforming the US for over a decade. They made a valiant attempt to reverse that trend early this year but, alas, the pesky 200 week m. a. got in the way again. But someday, maybe...
July 15, 2025 at 2:57 PM
The rest of the world stock markets have been underperforming the US for over a decade. They made a valiant attempt to reverse that trend early this year but, alas, the pesky 200 week m. a. got in the way again. But someday, maybe...
$QQQ had a little outside day today.
July 15, 2025 at 12:42 AM
$QQQ had a little outside day today.
A Public Service Announcement:
July 1, 2025 at 3:21 PM
A Public Service Announcement:
Non-US markets took a run at breaking through their 14-year relative downtrend vs. the US but, so far at least, look like they have failed yet again. Can they hold in this area to set up another shot? Alas; that is something we will know only in the fullness of time...
June 25, 2025 at 1:20 AM
Non-US markets took a run at breaking through their 14-year relative downtrend vs. the US but, so far at least, look like they have failed yet again. Can they hold in this area to set up another shot? Alas; that is something we will know only in the fullness of time...
Wasn't closed today:
June 24, 2025 at 8:15 PM
Wasn't closed today: