posted 08.12 a.m. est pre-open comment Monday 20th May Last week I marked Significant Buying twice.  So far at least, higher prices have not attracted a Significant Response from the Sellers. Significant Selling has not been marked for twelve days. SPY closed on Friday above Mon-Wed Hi-Lo range which indicates Active, Effective Buying on the […]

posted 08.25 a.m. est pre-open comment Friday 17th May Thursday generated an “inside” Value Area.  Buyers still in control of the dayframe and no Significant Selling marked for eleven days. First sign of ST weakness would be time printed below the minor (5day) poc at 1646.50 which provided Support late in the session yesterdsay.  Just […]

posted 05.40 a.m. est pre-open comment Thursday 16th May Wednesday generated another higher, wider Value Area. Significant Selling has not been marked for ten days. %Stocks>50dyma numbers: Nyse 79% Nasdaq 69% R2000 73%. Numbers >50 are considered supportive.   First Level Support = ES 1626 (22dy poc) Sentiment: My version of the Rydex Assets Ratio was […]

posted 08.05 a.m. est pre-open comment Wednesday 15th May Like Monday, Tuesday generated a higher, wider Vaue Area.   Aggressive Buying (green-at-top) was marked. %Stocks>50dyma numbers: Nyse 77% Nasdaq 67% R2000 72%. Numbers >50 are considered supportive.   First Level Support = ES 1626 (21dy poc) Sentiment: My version of the Rydex Assets Ratio was slightly lower […]

posted 08.10 a.m. est pre-open comment Tuesday 14th May Monday’s session generated a higher, wider Vaue Area.   1626 attracted more time and is now the 21 day poc.   Overnight this level has provided Support.  Currently ES is holding this higher range and no Significant Response from the Sellers has been marked. %Stocks>50dyma numbers: Nyse 74% […]

posted 07.10 a.m. est pre-open comment Monday 13th May Longframe: Chartprofit Market Timing System is positive for all major Market Charts.  SPY closed on Friday above Mon-Wed Hi-Lo range which indicates Active, Effective Buying on the weekly timeframe.  Active Sellers have not been marked on this timeframe during 2013. Last week I marked Significant Buying […]

posted 09.20 a.m. est pre-open comment Friday 10th May Wednesday’s green-at-top high was tested on Thursday. Thursday’s session generated a wider, outside Value Area centred around 1627 which is now the minor (8day) poc.  Dayframe: ES average Weekly Hi-Lo range is around 34 and currently Monday-Thursday Range is 25.  If the range is to expand […]

posted 09.15 a.m. est pre-open comment Thursday 9th May Wednesday’s session generated a higher, narrower Value Area and Aggressive Buying (green-at-top) was marked again.    Dayframe: ES average Weekly Hi-Lo range is around 34 and currently Monday to Wednesday Range is 22.  If the range is to expand the odds would favour higher as Buyers are […]

posted 09.10 a.m. est pre-open comment Wednesday 8th May Tuesday’s session generated a higher, wider Value Area and Aggressive Buying (green-at-top) was marked. %Stocks>50dyma numbers: Nyse 76% Nasdaq 63% R2000 66% Numbers >50 are considered supportive.   First Level Support = ES 1581 (30dy poc) Second Level Support = ES 1548.50 (5mn poc) Rydex Assets Ratio: […]

posted 09.10 a.m. est pre-open comment Tuesday 7th May Longframe: Chartprofit Market Timing System is positive for all major Market Charts. Friday closed above Mon-Wed Hi-Lo range which indicates Active, Effective Buying on the weekly timeframe.  Active Sellers have not been marked on this timeframe during 2013. Last week I marked Significant Buying twice and […]