Daily analysis - Stock Market, Bonds, Forex and more
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]
posted 9.22 a.m. edt Pre-open comment Thursday 7th July Wednesday generated another Value Area entirely above the 1327 maj poc. Responsive and Aggressive Buying was marked. Support was found at the maj poc at 1327 - see previous comments … [Continue reading]