Daily analysis - Stock Market, Bonds, Forex and more
posted 8.38 a.m. Pre-open comment Monday 10th October Chartprofit Market Timing system remained negative for the twelth consecutive week. %Stocks>50dyma numbers stayed well below 50. Breadth is not supportive. Last week I marked … [Continue reading]
posted 9.27 a.m. ET Pre-open comment Friday 7th October Aggressive Buying was marked again on Thursday. Green-at-top highs are tested the following day 80% of the time and this one almost certainly will be as ES has printed as high as 1173.75 … [Continue reading]
posted 9.28 a.m. ET Pre-open comment Thursday 6th October ES generated its first higher Value Area in six days and Aggressive Buying was marked. The Value Area was narrower and volume was lower than previous day so this is not Effective Buying … [Continue reading]
posted 9.28 a.m. ET Pre-open comment Wednesday 5th October ES/SPY (also IWM & DIA) recovered back above their Major POCs late in the session. ES Value Area generated entirely below the Monday's poc. These are obvious levels for the major … [Continue reading]
posted 9.24 a.m. ET Pre-open comment Tuesday 4th October 1st Level Resistance on Monday (1132) was once again tested very briefly and then rejected, as it was on Friday. And, like Friday, following the price rejection ES declined quickly. … [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/ *********** PRICE PERFORMANCE Weekly Structure: Last week was a week of No … [Continue reading]
posted 9.06 a.m. ET Pre-open comment Monday 3rd October Chartprofit Market Timing system was negative for the eleventh consecutive week. Weekly Structure also suggests further weakness. Last week I marked two instances of Significant Selling … [Continue reading]
posted 9.28 a.m. ET Pre-open comment Friday 30th September Wednesday's red-at-bottom low was tested on Thursday (odds favour an aggressive imbalance extreme being tested the following day about 80% of the time). Yesterday's 1st Level Support … [Continue reading]
posted at 5a.m. ET Pre-open comment Thursday 29th September On Wednesday I marked Aggressive Selling (red-at-bottom) as ES tested yesterday's 1st Level Support at 1147. This Selling Imbalance puts the ST analysis negatively back in line with … [Continue reading]
posted at 14.00 ET You may not find this as interesting as I do but here goes. if you look at the two charts below you will see I have marked the 1/2R levels that have provided clear Support for the emini SP500 and the Spyder. The … [Continue reading]