Daily analysis - Stock Market, Bonds, Forex and more
From webcast Monday: Re long side of the market >>If you are a longer term trader or swing trader I would wait for bulls to auction price back above 872<< Yesterday SP500 emini probed onto that poc and has found resistance - this has … [Continue reading]
Chartprofit Webcast - Charts to Friday 23rd January 09 *********** PRICE PERFORMANCE SPX hit a new eight week low last week breaking the December low. Low last week was below the low of the previous five weeks. Sellers seem much more effective … [Continue reading]
Commitments of Traders Data released 23rd January … [Continue reading]
from eBook earlir this week >>Be extremely cautious of this market right now. All the major charts we follow are currently in a weak price location. Do not be long unless charts trade back above those POC levels. This may not happen. It … [Continue reading]
Chartprofit Webcast - Charts to Friday 16th January 09 *********** PRICE PERFORMANCE Low last week was below the low of the previous five weeks. Within two weeks the sellers had negated all the gains of the previous four … [Continue reading]
Video Chart Check Tuesday 14th January 09 … [Continue reading]
From the eBook on Monday >>some of the sentiment measures are at levels that would indicate over-enthusiasm. If this is still Bear Market then that would be a problem, i.e. investors getting complacent...e.g. The 10dyma of the OCC option … [Continue reading]