posted 08.45 a.m. est pre-open comment Friday 24th May Thursday generated a lower, narrower Value Area.  Sentiment indicators are suggesting over optimism (more in webcast today) but so far, at least,  First Level Support at 1626 has held.  Significant Selling marked below this level would be an indication of weakness on the longer timeframe.  Bulls […]

posted 07.38 a.m. est pre-open comment Thursday 23rd May On Wednesday, for the first time in fifteen days, I marked Significant Selling.  This means that new long trades are now eliminated for me at least until Significant Buying is marked again.  Aggressive Selling in the p.m. auctioned ES quickly lower following FED comments. Overnight ES […]

posted 09.02 a.m. est pre-open comment Wednesday 22nd May Tuesday generated a higher, wider Value Area.  Significant Selling has not been marked for fourteen days.  First indication of ST weakness would be Significant Selling marked below 1663.50, the 9day poc.  First indication of LT weakness would be Significant Selling marked below 1626, the 25day poc. […]

posted 08.05 a.m. est pre-open comment Tuesday 21st May Monday generated a higher, narrower Value Area on less Volume. Dayframe: the minor (8day) poc migrated higher on Monday to 1663.50. This could be intraday S/R today. %Stocks>50dyma numbers: Nyse 82%, Nasdaq 71.5%, R2000 77%.  Numbers >50 are considered supportive.   Numbers >80 are considered overbought.   First […]

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 […]