Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. et Pre-open comment Thursday 3rd November ES has so far held 1/2R Support at 1214.50 but I have not marked Significant Buying since the Selling three days ago. The LT analysis still looks supportive but Buyers active on this … [Continue reading]
posted 9.45 a.m ET Post-open comment Wednesday 2nd November ES has not convincingly broken the 1/2R Support at 1214.50 but also there has been no convincing Response from the Buyers. Should the 1214.50 Support be broken I would be very … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Tuesday 1st November I said yesterday that based on the overbought nature of the market and the ST Sentiment data that the Market could well consolidate here. The price action since suggests more of a … [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/ … [Continue reading]
posted 10.20 a.m. ET Pre-open comment Monday 31st October The Chartprofit Market Timing System is now positive for all Major Market Charts. Friday Close was above Mon-Wed Range high which is usually good for continuation. Dayframe: The LT … [Continue reading]
posted 9.23 a.m. ET Pre-open comment Friday 28th October Aggressive Buying was marked on Thursday. The stats regarding a green-at-top high being tested the following day (80%) are much less reliable for a gap day (like Thursday) but we can say … [Continue reading]
posted 9.29 a.m. ET Pre-open comment Thursday 27th October Tuesday's red-at-bottom low was tested on Wednesday but Buyers Responded immediately (green-at-bottom) just above 1st Level Support at 1214.50 - dotted on chart (see pre-open comments … [Continue reading]
posted 9.26 a.m. ET Pre-open comment Wedesday 26th October I marked Significant Selling on Tuesday. Red-at-bottom lows are usually (80%) tested the following day. Pre-open ES is printing above the 1st Level S/R at 1230.50 (minor poc). First … [Continue reading]
posted 05.15 a.m. ET Pre-open comment Tuesday 25th October I thought ES>1250 might attract a Response from the Sellers but nothing marked yet. Market getting overbought but Short Trades are eliminated for me (since Close 10/18) until … [Continue reading]
posted 9.28 a.m. ET Pre-open comment Monday 24th October Friday extended the Range for the week to 50 points which is close to average. The Close was above the high of the Mon-Wed Range which is usually good for continuation - note though that … [Continue reading]