Daily analysis - Stock Market, Bonds, Forex and more
Technical analysis - Market pre-open 13th November 2015 Please read previous highlighted comments. In Thursday's session a probe into the 5mn poc at 2063 was rejected and ES sold off. The Value Area was generated entirely below that level which is … [Continue reading]
OECD Charts – ChartProfit The OECD Composite Leading Indicators (CLIs) are designed to anticipate turning points in economic activity relative to trend. The latest report from OECD says this… “Global trade has slowed to levels usually … [Continue reading]
In the webcasts recently I've talked about copper testing the July low. That happened this week. The long-term chart, as we know, does not look positive. … [Continue reading]
Technical analysis - Market pre-open 12th November 2015 Wednesday was a net Selling day but like the intraday Buyers on Tuesday (see yesterday's comments) the Selling was not Effective as the Value Area was overlapping/higher. No Significant … [Continue reading]
Technical analysis - Market pre-open 11th November 2015 Buyers were active intraday during Tuesday's session. The Value Area was narrow and "inside" the previous VA so not a convincingly Effective session for the Buyers. Even so, the 5month … [Continue reading]
Technical analysis - Market pre-open 10th November 2015 Monday saw some further weakness (see yesterday's highlighted comments) and the Support at 2063.00 was tested. This level could be intraday Support or Resistance today. Significant Selling … [Continue reading]
Technical analysis - Market pre-open 9th November 2015 On Monday and Tuesday last week buyers were active, generating higher, wide Value Areas. Then followed two days where sellers were active generating overlapping, narrow VAs which is typical … [Continue reading]
Technical Analysis - Market pre-open 6th November 2015 A Value Area printed below 2095 (12mn poc) would be the first sign of weakness. Price relative to this level will be sgnificant post jobs data today. Overnight ES spent most time printing very … [Continue reading]
Technical analysis - Market pre-open Thursday 5th November See previous highlighted comments. A Value Area printed below 2095 (12mn poc) would be the first sign of weakness but currently (two hours pre-open) ES is printing above 2100. Significant … [Continue reading]
Technical analysis - Market pre-open 4th November 2015 See Tuesday's highlighted comments. Monday's green-at-top high was tested on Tuesday and a higher Value Area was generated above 2095 (12mn poc). If ES holds above this level it is in a strong … [Continue reading]