Daily analysis - Stock Market, Bonds, Forex and more
posted 9.29 a.m. est Pre-open Wednesday 6th January Tuesday: ES built value centred around 1129, same level as poc on Monday. That gives a good reference level today for short term traders. Apart from the last day of 2009 (and that was … [Continue reading]
webcast - charts to 31st December released for subscribers earlier in the week … [Continue reading]
posted 9.29 a.m. est Pre-open Tuesday 5th January All highlighted previous comments on graphic are relevant. First Level S/R was 1118 on Monday and remains there today. Monday day session opened just above that level and drove … [Continue reading]
posted 9.15 a.m. est Pre-open Monday 4th January The First Level Resistance at 1123 given on Wednesday was probed on Thursday. In fact, Significant Sellers Responded at 1124 (red-at-top) and that was the day session high. Sellers were active … [Continue reading]
posted 9.03 a.m. est Pre-open Thursday 31st December The First Level Resistance at 1123 poc capped Wednesday's price action but pre-open (so far) today the low is 1123 - a minor sign of strength if ES can consolidate above that level. For … [Continue reading]
webcast - charts to 25th December released for subscribers earlier in the week … [Continue reading]
posted 9.29 a.m. est Pre-open Wednesday 30th December Overnight ES probed down to 1113 which is just below the low of 5daysVA (5 days cumulative value area) and is also the high of the recent six week trading range. I would expect Buyers to … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 29th December Last week VIX closed at the lowest level since August 2008. AMG reported Equity Fund Inflows of $9 Billion wwhich lifted the 4week flow to the highest net inflow for at least six months. This … [Continue reading]
posted 9.20 a.m. est Pre-open Thursday 24th December The 30day poc moved higher to 1108 on Monday. Since then Value Areas have been narrow but have all printed above this level which is a sign of short term strength. Supporting this view is … [Continue reading]
posted 9.28 a.m. est Pre-open Wednesday 23rd December As the SP500 index came close to breaking above its Bear Market 1/2half level (1121.5) investors appear to be very complacent about the risk of a market correction with the VIX closing at … [Continue reading]