Daily analysis - Stock Market, Bonds, Forex and more
posted 9.27 a.m. est pre-open comment Wednesday 28th November Tuesday's session generated an overlapping Value Area. Applying my rules strictly I had to mark Significant Selling (red) but this was Ineffective Selling as the Value Area was … [Continue reading]
posted 9.12 a.m. est pre-open comment Tuesday 27th November Monday's session generated an "inside" Value Area. Overnight high of 1407.75 is a probe into the six month poc at 1408. Price printing time above 1408 would be an indication of … [Continue reading]
posted 9.15 a.m. et pre-open comment Monday 26th November Last week I marked Significant Buying once and no Significant Selling. On Friday ES auctioned higher to probe the band of Resistance between 1404 (1/2R) and 1408 (6mn poc). Friday's … [Continue reading]
posted 9.18 a.m. est pre-open comment Friday 23rd November Wednesday generated a higher/narrower Value Area with a poc for the session at 1387 (see Wednesday's pre-open comments). Pre-open ES has printed a 10dy high and is approaching First … [Continue reading]
posted 8.54 a.m. est pre-open comment Wednesday 21st November Monday's green-at-top high was tested on Tuesday. Tuesday's session generated an overlapping/higher and wider Value Area consolidating the gains made on Monday. If price around 1387 … [Continue reading]
posted 9.25 a.m. est pre-open comment Tuesday 20th November LT analysis remains negative but we have a bounce. Aggressive Buying (green-at-top) was marked again on Monday. This is encouraging (note that the stats I have regarding green-at-top … [Continue reading]
posted 9.00 a.m. est pre-open comment Monday 19th November Significant Buying was marked on Friday which is the first since 15th Oct. On the dayframe this was Aggressive Buying (green-at-top). On the longer timeframe it can be classified as … [Continue reading]
posted 9.21 a.m. est pre-open comment Friday 16th November Wednesday's red-at-bottom low was tested early in Thursday's session which generated a lower, narrower Value Area. %Stocks>50dayma for both Nyse and Nadsaq are now below 20% (see … [Continue reading]
posted 9.19 a.m. est pre-open comment Thursday 15th November Wednesday generated a wider, lower Value Area on increased Volume. The last five Value Areas have been printed below the 1397poc and yesterday I marked Aggressive Selling for the … [Continue reading]
posted 9.13 a.m. est pre-open comment Wednesday 14th November Tuesday generated a wider, overlapping/slightly higher Value Area. From the Open there was a rally which faded to the Close. Both Nyse and Nasdaq saw twice as many declining stocks … [Continue reading]