Daily analysis - Stock Market, Bonds, Forex and more
posted 9.27 a.m. est Pre-open comment Tuesday 19th July Note yesterday's comment corrected - highlighted left. Dayframe: The 25dypoc migrated to 1307.50. If ES cannot hold that ST Support post open it would suggest further weakness. Time … [Continue reading]
posted 9.28 a.m. est Pre-open comment Monday 18th July Chartprofit Market Timing System turned back to negative for both Nyse and Nasdaq. The %Stocks>50dyma numbers ended the week for both these Market Charts very close to 50%. The major … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Friday 15th July Aggressive Selling (red-at-bottom) was marked for the first time in 13days. This eliminates long-side for me until Significant Buying is marked again. Pre-open ES has rallied as high as … [Continue reading]
webcast 14th July … [Continue reading]
posted 9.29 a.m. edt Pre-open comment Thursday 14th July Wednesday's day session found Resistance at the 1327 poc and Support later in the day at the 1310 1/2R, both levels given. Although overnight ES has dipped below that support you can see … [Continue reading]
posted 9.28 a.m. est Pre-open comment Wednesday 13th July Tuesday's day session was supported by the 1/2R off May high at 1310 but there was certainly no obvious Response from the Buyers at that level. If ES breaks that 1/2R and prints time … [Continue reading]
webcast 12th July … [Continue reading]
posted 9.28 a.m. est Pre-open comment Tuesday 12th July Chart broke convincingly below the maj poc at 1327 which supported nearly all price action last week - I take that as a negative development. With price where it is currently, 1327 is now … [Continue reading]
posted 9.20 a.m. est Pre-open comment Monday 11th July The Chartprofit Market Timing System remained neutral for Nyse and Nasdaq Market Charts. At the start of last week I wrote ref the 1327 poc "Whether ES can hold above this level is the … [Continue reading]
posted 9.27 a.m. edt Pre-open comment Friday 8th July Thursday gapped higher and for the first time exceeded the LT VAH, as did SPY. As noted pre-open Wednesday "VAH measured over various timeframes comes in at 1339 and with the market … [Continue reading]