Daily analysis - Stock Market, Bonds, Forex and more
posted 8.55 a.m. et pre-open comment Thursday 12th July Tuesday's red-at-bottom low was tested and pre-open ES has printed in low 1320s. Pre-open, all four major US Index ETFs are printing below their important 1/2R levels (off 2012 high) … [Continue reading]
posted 5a.m. et pre-open comment Wednesday 11th July Note: this was posted at 5a.m. et. I wrote pre-open on Monday "A number of major charts have been technically overbought and this would be a good time for the Buyers to see what the … [Continue reading]
posted 9.25 a.m. et pre-open comment Tuesday 10th July Monday generated a lower/overlapping, very narrow Value Area on less Volume and above First Level Support. SPY (Key Chart) has now found Support for three consecutive days just above its … [Continue reading]
posted 9.21 a.m. et pre-open comment Monday 9th July Longframe: The %Stocks>50dyma numbers for all Major Market Charts stayed well above 50 which is supportive. The Chartprofit Market Timing System stayed positive for Nyse, stayed neutral … [Continue reading]
posted 9.23 a.m. et pre-open comment Friday 6th July If ES can print some time above the 1366 poc (SPY 137.30) it would strongly suggest higher but so far the chart has found Resistance at this level. These are the key levels. If EURUSD … [Continue reading]
posted 9.14 a.m. et pre-open comment Thursday 5th July Tuesday produced a higher (but narrower) Value Area generating less Volume. ES broke above the 1366 poc but pre-open today prints at that level. The next positive for this chart is if it … [Continue reading]
posted 9.20 a.m. pre-open comment Tuesday 3rd July Monday produced a higher/overlapping (but narrower) Value Area generating less Volume. There was Selling soon after the Open as ES printed above 1360 but this was retraced in the pm. With … [Continue reading]
posted 8.48 a.m. et pre-open comment Monday 2nd July Last week I marked Significant Buying twice and no Significant Selling. Friday closed well above the high of Mon-Wed Range which is Buyers Active on this timeframe. The LT analysis is now … [Continue reading]
posted 9.15 a.m. et pre-open comment Friday 29th June On Thursday ES briefly tested the major poc Support at 1307 (see chart). This was immediately rejected and ES has rapidly auctioned higher. The positive in the longer timeframe is that … [Continue reading]
posted 9.12 a.m. et pre-open comment Thursday 28th June Wednesday's Value Area was generated entirely above 1514.50 (50dypoc) but ES has yet to print as high as last week's composite VAL at 1333 so this is not a particularly impressive … [Continue reading]