Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. et pre-open comment Friday 20th July Like Wednesday, Thursday generated a higher, narrower Value Area on reduced Volume but no obvious Response yet from the Sellers. As per previous comments, it is worth noting that the 6month … [Continue reading]
posted 9.26 a.m. et pre-open comment Thursday 19th July Tuesday's green-at-top high quickly exceeded as they usually are (80% tested with a day or two). All the Key Charts we have been monitoring are now printing above their 1/2R Levels off … [Continue reading]
posted 7.20 a.m. et pre-open comment Wednesday 18th July After an initial decline on Tuesday, Buyers Responded (green-at-bottom) and auctioned ES quickly back above the 5month poc at 1346. Aggressive Buying was marked later in the session. … [Continue reading]
posted 9.22 a.m. et pre-open comment Tuesday 17th July On Monday ES produced a narrower, overlapping Value Area but printed enough time at 1346 to migrate the 5month poc to this level. This is now important to monitor as First Level Support. … [Continue reading]
posted 9.22 a.m. et pre-open comment Monday 16th July On Friday ES Opened just below the 1/2R at 1334.50 and immediately rallied above it. Aggressive Buying was marked later in the day with ES closing strongly. The Value Area was higher … [Continue reading]
posted 9.02 a.m. et pre-open comment Friday 13th July On Thursday ES opened lower and spent most of the session working higher to probe up into yesterday's First Level Resistance at 1334.50. Even so the Value Area generated was … [Continue reading]
posted 8.55 a.m. et pre-open comment Thursday 12th July Tuesday's red-at-bottom low was tested and pre-open ES has printed in low 1320s. Pre-open, all four major US Index ETFs are printing below their important 1/2R levels (off 2012 high) … [Continue reading]
posted 5a.m. et pre-open comment Wednesday 11th July Note: this was posted at 5a.m. et. I wrote pre-open on Monday "A number of major charts have been technically overbought and this would be a good time for the Buyers to see what the … [Continue reading]
posted 9.25 a.m. et pre-open comment Tuesday 10th July Monday generated a lower/overlapping, very narrow Value Area on less Volume and above First Level Support. SPY (Key Chart) has now found Support for three consecutive days just above its … [Continue reading]
posted 9.21 a.m. et pre-open comment Monday 9th July Longframe: The %Stocks>50dyma numbers for all Major Market Charts stayed well above 50 which is supportive. The Chartprofit Market Timing System stayed positive for Nyse, stayed neutral … [Continue reading]