Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open Wednesday 24th February Tuesday's range was below the level of Monday's poc. This reversed the pattern we saw last week. Value Area was lower, wider and generated above average volume. When a market is nervous … [Continue reading]
posted 9.19 a.m. est Pre-open Tuesday 23rd February Monday's session generated a narrow, overlapping Value Area and very low volume. There is little to add to yesterday's pre-open comment except to note that ST sentiment indicators (see below) … [Continue reading]
posted 9a.m. est Pre-open Monday 22nd February Significant Buyers were active again last week and there has been no Significant Selling marked for 10 days. Almost all price action each day last week took place above the previous day's poc (red … [Continue reading]
posted 9.29 a.m. est Pre-open Friday 19th February Significant Buyers were active again on Thursday (green-at-top). The Value Area was overlapping and although wider than Wednesdays was only 4.8 whereas the 20day average VA is 7.8. Volume was … [Continue reading]
posted 9.25 a.m. est Pre-open Thursday 18th February Wednesday generated a very narrow Value Area and very low volume (22 day low). That's two consecutive days of narrower Value Areas and less volume so this is not obviously facilitating price … [Continue reading]
posted 8.58 a.m. est Pre-open Wednesday 17th February Tuesday's high was 1094 - right at the poc resistance but it came late in the day and there has been no response from the Sellers. Aggressive Buying (green-at-top) was marked although this … [Continue reading]
webcast - charts to 12th February released for subscribers earlier in the week … [Continue reading]
posted 8.48 a.m. est Pre-open Tuesday 16th February Last week I marked two instances of Significant Buying and no Significant Selling. The market is attempting to rally from oversold levels but day-to-day Value Areas were overlapping last week … [Continue reading]
posted 9.20 a.m. est Pre-open Friday 12th February The bias of the weekly Market Timing Chart is negative (see ebook) but in the dayframe analysis Significant Buying was marked on Thursday which often indicates higher in the short term. These … [Continue reading]
posted 9.25 a.m. est Pre-open Thursday 11th February I had a hunch at the start of the week that 1064 would become the attractive price and that has been the case. The five day poc has emerged at that price but there's not been quite enough … [Continue reading]