Daily analysis - Stock Market, Bonds, Forex and more
posted 9.25 a.m. est Pre-open Monday 23rd November Unusually I marked no Significant Buying or Selling last week. This lack of directional influence is seen in the internals as well with the Breadth system for the major market charts showing … [Continue reading]
posted 9.29 a.m. est Pre-open Friday 20th November Immediate weakness from the open on Thursday. Haven't marked Significant Buying or Selling for five days now - but that's what kept me from initiating new longs; the last imbalance was red. No … [Continue reading]
posted 9.29 a.m. est Pre-open Thursday 19th November On Wednesday ES further consolidated the poc at 1106 in a low volume, narrow Value Area. Both Tuesday and Wednesday were spent within Monday's range. This pattern has a habit of resolving in … [Continue reading]
posted 9.28 a.m. est Pre-open Wednesday 18th November Yesterday's comments are relevant. The day session high on Tuesday was 1109 - just above the First Level Resistance marked yesterday at 1108.50. Following Monday's gap higher I marked … [Continue reading]
webcast - charts to 13th November released for subscribers earlier in the week … [Continue reading]
posted 9.28 a.m. est Pre-open Tuesday 17th November Dayframe: Monday gap up again. Value Area was higher and narrower. More volume was generated than Friday but slightly below the recent average. I will wait for Buyers to be marked (green) … [Continue reading]
posted 9.28 a.m. est Pre-open Monday 16th November Friday didn't quite see the test of Thursday's day session low that was expected. Last week I marked one instance of Significant Buying and two instances of Significant Selling. The poc … [Continue reading]
posted 9.25 a.m. est Pre-open Friday 13th November I marked Aggressive Selling on Thursday (red-at-bottom). Therefor we should expect Thursday's day session low (1082.5) to be tested today (8 out of ten occurence). Value Area was … [Continue reading]
posted 9.28 a.m. est Pre-open Thursday 12th November I marked Significant Sellers for the first time in eight days - Responsive Selling as ES tested the October high above 1100. I also note that for three consecutive days the ISEE (equity … [Continue reading]
posted 4.35 a.m. est Pre-open Wednesday 11th November Tuesday was a consolidation day with an overlapping/higher Value Area generating less volume. That pattern doesn't always imply good trade facilitation higher but all of Tuesday's day … [Continue reading]