Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open comment Monday 28th March Longframe: The Chartprofit Market Timing System turned neutral (from negative) for Nyse, SP500 and R2000 Market Charts. Nasdaq stayed negative. Daily Breadth Indicators have improved. … [Continue reading]
posted 9.29 a.m. est Pre-open comment Friday 25th March ES found support at the 20day poc at 1293.50 (see yesterday's comments) and major index ETFs now print above the Resistance levels given in the eBook so price location is much … [Continue reading]
posted 9.29 a.m. est Pre-open comment Thursday 24th March SPY made an early probe below its 4month poc Support at 128.57 which was quickly rejected and then rallied to its 1/2R from Feb high Resistance (see levels in eBook). Pre-open SPY is … [Continue reading]
posted 9.29 a.m. est Pre-open comment Wednesday 23rd March Tuesday generated another narrow Value Area and less Volume. Most time during the session was spent at 1289.50 the exact 1/2R off February's high and this is therefore an important … [Continue reading]
webcast 22nd March … [Continue reading]
posted 9.29 a.m. est Pre-open comment Tuesday 22nd March Monday's Value Area was higher, narrower and generated less Volume. That is not usually good for continuation higher but spent almost the entire session above the 1/2R off February high … [Continue reading]
posted 9.29 a.m. est Pre-open comment Monday 21st March Longframe: The Chartprofit Market Timing System is now negative for all major Market Charts. Both Nyse and Nasdaq %Stocks>50dayma numbers are well below the 50 level which is an … [Continue reading]
posted 9.28 a.m. est Pre-open comment Friday 18th March Wednesday's red-at-bottom low was untested in Thursday's session. That's a 1-in-5 event and it would be very rare for an untested red-at-bottom low to mark a low of any significance so … [Continue reading]
posted 9.29 a.m. est Pre-open comment Thursday 17th March I marked Aggressive Selling on Wednesday (red-at-bottom). Unlike Tuesday's Ineffective activity from the Buyers this was Effective Selling (lower/overlapping and wider Value Area). All … [Continue reading]
published 10.30 a.m. est Post-open comment Wednesday 16th March I marked Responsive Buying on Tuesday (green-at-bottom). ES spent the session working higher but this was Ineffective Buying because the Value Area was lower and wider. The session … [Continue reading]