Daily analysis - Stock Market, Bonds, Forex and more
Monday gapped down and the day session generated a wider Value Area than Friday with less volume. This is the weakest price location seen on the charts for many years with all major charts (now including DIA and QQQQ) printing below their 1/2H … [Continue reading]
posted 09.28 EST from pre-open analysis 02-27 >>I'm seeing development down to the 715 area from here. In the bigger picture there's little to encourage. Breadth is poor and major charts are trading below their half-high levels which puts … [Continue reading]
SP500 hit a new low today but.. Small Traders net position shows they are still extremely bullish. As I noted after the November low - it would be extremely rare to see an important market bottom put in with the Small Traders so bullish.. and here … [Continue reading]
posted 9.29 EST from pre-open analysis 02-26 >>...for the last two days there's been no significant selling. This gives buyers a chance to show what they can do. Price action on Tuesday and Wednesday generated higher although overlapping … [Continue reading]
posted 9.10am EST from pre-open analysis 02-25 >>I'm assuming ES will see development in the short term up to the 784/785 area. If this is immediately rejected I would short again on a bounce and wait to see if buyers are strong enough to … [Continue reading]
Once the pre-open analysis is posted I do not edit but there was a mistake made today that I want to correct. The sentence that reads: "Following a day with two instances of significant buying activity (Monday) this is rare." should obviously … [Continue reading]
posted 9.23am EST from pre-open analysis 02-19 >>Trying to play the strong possibility of an acceleration into the time pivot around 20th-24th, which I'm seeing down to 750 or just below. If that happens I'd be happy to go with responsive … [Continue reading]
posted 6am EST from pre-open analysis on Monday >>If price holds the minor support at 774 during the day session today then we can expect higher prices in the near term and I'll go flat. Any price action below 769 would suggest a test of … [Continue reading]
posted 7.30am EST Friday's low was below value on various timeframes and there was a strong enough response from the buyers to auction price back above the morning range but the value area was still lower than Thursday's (although narrower) and … [Continue reading]
posted 8.08am EST Analysis-7.55a.m.EST-yesterday >>I'm looking for another drive down this week so I'm not looking to put on any longs - too risky. Trying to play the strong possibility of an acceleration into the time pivot around … [Continue reading]