Daily analysis - Stock Market, Bonds, Forex and more
posted 9.28 a.m. est Pre-open Monday 24th May Same structure last week as previous week. Relative strength early in the week and relative weakness late in the week. This is typically a bearish weekly structure (see last Monday's comment, … [Continue reading]
posted 9.28 a.m. est Pre-open Friday 21st May High on Thursday was 1094 and early in the session. This puts ES in a weak position and possibility of another sharp break (see comments from Monday, left). I cannot be long at least until … [Continue reading]
posted 9.26 a.m. est Pre-open Thursday 20th May Pre-open ES has probed below the Major Support at 1094 which I suggested (pre-open yesterday) was likely. This is the level to watch today. If ES opens below 1094 and quickly recovers back … [Continue reading]
posted 9.25 a.m. est Pre-open Wednesday 19th May I marked Significant Selling twice on Tuesday. I now have Red (negative) as the most recent mark on both weekly and daily timeframes. Long side is eliminated for me until I mark Effective … [Continue reading]
posted 4.35 a.m. est Pre-open Tuesday 18th May I marked Significant Buying on Monday. This was not Effective Buying because the Value Area was overlapping. Overnight ES has recovered and currently (4a.m. est) prints back above 1136, the 1/2R … [Continue reading]
webcast 17th May … [Continue reading]
posted 9.18 a.m. est Pre-open Monday 17th May Last week I marked Significant Selling twice and Significant Buying once. The last imbalance was Selling (red) on Thursday and that eliminates the long side for me at least until Effective Buying is … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 14th May yesterday: >>There is a good chance that ES will test down into that First Level Support today (1161.50) and this would be a good gauge of ST strength<< 1161.75 was the low until late … [Continue reading]
posted 9.22 a.m. est Pre-open Thursday 13th May There was Significant Buying marked on Wednesday but the Value Area was higher and narrower and volume was reduced so this was not Effective Buying. Price location is improved with ES now … [Continue reading]
posted 9.26 a.m. est Pre-open Wednesday 12th May Re: %Stocks>50dyma. Russell2000 index shows more than 50% stocks > 50dyma. Others indices, e.g. nyse, nasdaq, sp500, show numbers less than 50%. As I mentioned in the webcast yesterday … [Continue reading]