Daily analysis - Stock Market, Bonds, Forex and more
posted 9.24a.m. est from pre-open comments Friday 8th May >>The odds indicate that on a day following a day with red at top, there is a 70% chance that the previous day's low (898) will be broken. That is a stat worth remembering if ES … [Continue reading]
posted 9.23a.m. est from pre-open comment Thursday 7th May >>Market is very overbought. 14day RSI above 70 now for a number of major charts and VIX closed lower still. We're pushing the time pivot window here. Dayframe we have to expect … [Continue reading]
posted 9.28a.m. est from pre-open comments Wednesday 6th May >>On Tuesday the VIX hit a 7 month low and the ISEE Index (Equity only) reached 225 which is the second highest reading since the start of 2008. << Pre-open Thursday 7th … [Continue reading]
webcast 5th May … [Continue reading]
posted 9.22a.m. From pre-open comments Tuesday 5th May >>As expected, the market is accelerating up into this week's time pivot......price location is currently strong with ES printing VA above 872. ....A sharp increase in bullish … [Continue reading]
posted 09.15a.m. from pre-open comments Monday 4th May >>Buyers remain in control of the dayframe. The most significant thing that happened last week was the probe above 872 which, for now at least, appears to be holding and that's a sign … [Continue reading]
posted 8.52a.m. est from pre-open comment Friday 1st May >>Re a day following a day of Aggressive Significant Selling (red at bottom). 70% of the time the previous day's low is broken during the day session. That would put ES below the … [Continue reading]
Commitments of Traders data released today shows: SP500 Commercials slightly increased their Net Short position from -81,388 contracts to -83,921 contracts. Their Sentiment Index fell from 25.1% to 24.2% That means that as of last Tuesday … [Continue reading]
posted 09.29a.m. est Pre-open Thursday 30th April >>ES has broken above the 872 level which has capped it three times. An acceleration up was expected based on recent price action. The next few days will answer important questions about … [Continue reading]
posted 9.18a.m. est from pre-open comment Wednesday 29th April >>Buyers responded on Tuesday, once again below 2dayVA - at first level support. Value Area was overlapping and narrower. For the last six days I have marked no significant … [Continue reading]