Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. edt Pre-open comment Monday 22nd August Longframe: The Chartprofit MarketTiming System remains negative for all major Market Charts but the %Stocks>50dyma indicator for both Nyse and Nasdaq is still extremely low (below … [Continue reading]
posted 9.50 a.m. edt Post-open comment Friday 19th August Looking at the LT analysis the Market Timing System has been negative for weeks and the Weekly Structure analysis is also negative as discussed in this week's webcast but unfortunately … [Continue reading]
posted 5.05 a.m. edt Pre-open comment Thursday 18th August A probe above the 8dyVAH at 1199 was rejected early in Wednesday's session. An overlapping VA was generated and the 20dy poc migrated lower from 1196 to 1183. No Selling imbalance … [Continue reading]
webcast 17th August … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Wednesday 17th August Back from vacation - review: The Major poc at 1094 was tested overnight on Tues 9th August but held during the day sessions. Aggressive Buying was marked twice last week and … [Continue reading]
I'm on vacation as you know but checked a few levels this morning. ES: On Tuesday ES briefly tested the major poc at 1094 but recovered quickly. SPY: Halfway point between the 2007 high and the 2008 low is 112.31. SPY tested that level earlier … [Continue reading]
posted 9.21 a.m. edt Pre-open comment Friday 5th August Aggressive Selling was marked again on Thursday with ES down hard; almost to 1178 which is a previous poc. In the context of the recent decline this would be considered Minor Support … [Continue reading]
posted 9.27 a.m. edt Pre-open comment Thursday 4th August Tuesday's red-at-bottom low was tested on Wednesday and for the first time in nine days I marked Significant Buyers - Responding as the March low was tested. As noted already, what's … [Continue reading]
posted 9.28 a.m. edt Pre-open comment Wednesday 3rd August Aggressive Selling marked again on Tuesday. These red-at-bottom lows are usually tested within one or two days. Technically, the market is reaching oversold, e.g. the SPX RSI(14) … [Continue reading]
webcast 2nd August … [Continue reading]