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 […]

posted 08.52 a.m. est pre-open comment Friday 3rd May See yesterday’s highlighted comments. Tuesday’s green-at-top high has now been exceeded but Wednesday’s red-at-bottom low was not. Instead Buyers Responded on Wednesday (green-at-bottom) and the minor dayframe Support given pre-open yesterday at 1581 held as the low of the session. Buyers look to be back in […]

posted 09.16 a.m. est pre-open comment Thursday 2nd May Green-at-top highs are tested within a day (or two) 80% of the time. Tuesday’s was not.  Pre-open yesterday I said that Buyers were in control of the dayframe but by strictly applying my rules I had to mark Significant Selling during Wednesday’s session.  My number one […]

posted 09.17 a.m. est pre-open comment Wednesday 1st May As noted pre-open yesterday, the 15dypoc moved to 1581 and was the First minor Support on the chart.  ES found its low at that level.  That, and the fact that Aggressive Buying (green-at-top) was marked confirms Buyers in control of the dayframe. %Stocks>50dyma numbers: Nyse 66% […]

posted 06.20 est pre-open comment Tuesday 30th April Note: this was posted at 06.20 a.m. est. Monday’s session generated a higher, wider Value Area.  Analysis is positive on both ST and LT timeframes.  Significant Selling hasn’t been marked for ten days.  Price printing time below the following 1/2R Support levels shown below would now be […]

posted 08.48 a.m. est pre-open comment Monday 29th April Last week saw an improvement in price location with ES and the four major index ETFs ending the week above their 1/2R levels off recent high.  We monitor these 1/2R levels as follows: SPY 156.62; DIA 146.51; IWM 92.04; QQQ 68.52.   The most recent imbalance is […]

posted 07.48 a.m. est pre-open comment Friday 26th April Thursday generated a higher, wider Value Area on less Volume.  ES currently holding at this higher level above the First Level Support at 1562 (1/2R off recent high).  Breadth numbers have improved slightly (see below) and Rydex Ratio has fallen (see below). Index ETFs also currently […]

posted 09.09 a.m. est pre-open comment Thursday 25th April Wednesday generated a higher, narrow Value Area on less Volume.  ES currently holding at this higher level above the First Level Support at 1562 (1/2R off recent high).  First Level Support on the index ETFs can also be moved to the 1/2R levels off recent the […]