Daily analysis - Stock Market, Bonds, Forex and more
posted 9.45 a.m ET Post-open comment Wednesday 2nd November ES has not convincingly broken the 1/2R Support at 1214.50 but also there has been no convincing Response from the Buyers. Should the 1214.50 Support be broken I would be very … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Tuesday 1st November I said yesterday that based on the overbought nature of the market and the ST Sentiment data that the Market could well consolidate here. The price action since suggests more of a … [Continue reading]
eBook 3rd October The DNL Reader is required to view the eBook. If you do not have this program please download it here: www.digitalwebbooks.com/reader/ … [Continue reading]
posted 10.20 a.m. ET Pre-open comment Monday 31st October The Chartprofit Market Timing System is now positive for all Major Market Charts. Friday Close was above Mon-Wed Range high which is usually good for continuation. Dayframe: The LT … [Continue reading]
posted 9.23 a.m. ET Pre-open comment Friday 28th October Aggressive Buying was marked on Thursday. The stats regarding a green-at-top high being tested the following day (80%) are much less reliable for a gap day (like Thursday) but we can say … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Thursday 27th October Tuesday's red-at-bottom low was tested on Wednesday but Buyers Responded immediately (green-at-bottom) just above 1st Level Support at 1214.50 - dotted on chart (see pre-open comments … [Continue reading]
posted 9.26 a.m. ET Pre-open comment Wedesday 26th October I marked Significant Selling on Tuesday. Red-at-bottom lows are usually (80%) tested the following day. Pre-open ES is printing above the 1st Level S/R at 1230.50 (minor poc). First … [Continue reading]
posted 05.15 a.m. ET Pre-open comment Tuesday 25th October I thought ES>1250 might attract a Response from the Sellers but nothing marked yet. Market getting overbought but Short Trades are eliminated for me (since Close 10/18) until … [Continue reading]
posted 9.28 a.m. ET Pre-open comment Monday 24th October Friday extended the Range for the week to 50 points which is close to average. The Close was above the high of the Mon-Wed Range which is usually good for continuation - note though that … [Continue reading]
posted 8.02 a.m. ET Pre-open comment Friday 21st October Thursday's session, like Wednesday's, was generated within the range of Tuesday's. You can see the Support provided by the 1189 poc over the last few days, see dashed line on chart. … [Continue reading]