The US Dollar and Bond yields look setup to rally in the short term.
Entries Tagged as 'General Market'
Weekend Outlook – 06Dec09
December 7th, 2009 1 Comment
The ValueLine Arithmetic charts are surprisingly strong in the long term. The USD, bond yields, and banking index remain in strong downtrends.
Tags: Banks-Financials · Bonds · Market Outlook · US Dollar (USD) · Value Line Arithmetic Index (VLE)
Weekend Outlook – 29Nov09
November 29th, 2009 4 Comments
The market is against resistance after a 60-70% move up from the March low.
Tags: Gann Emblem · Market Outlook
ValueLine Arithmetic Square of 90
November 26th, 2009 1 Comment
The ValueLine Arithmetic (VLE) Square of 90 using trading days shows price 180 TD beyond the March low. Interesting that the left shoulder of the head-and-shoulders formation occurred 45 days into the second 90 day cycle, the head at the 3/4 time line, and the shoulder finished at the 180 day mark. A new high [...]
Weekend Outlook – 22Nov09
November 23rd, 2009 1 Comment
The ValueLine Arithmetic (VLE) swing chart shows a lower low and an attempt to make a new high. I do not have a lot of confidence in the markets ability to take the VLE to a new high – but it is still possible.
The 10 year US treasury bond continues down. The recent bounce does [...]
Tags: Bonds · US Dollar (USD) · Value Line Arithmetic Index (VLE)
SP500 High at Fifty Percent Time and Price Cycles
November 17th, 2009 2 Comments
The SP500 index hit the 50/50 point and is in equilibrium – no advantage to either side.
Dynamic Chart
Market is back to the oversold level of the last selloff. It is options expiration week so weird things can happen in the short term.
Charts courtesy of Stockcharts.com
Tags: Advance-Decline · Market Cycles
Weekend Outlook – 15Nov09
November 15th, 2009 4 Comments
The Dow Jones Industrial Average from 1929-1942 has provided a near perfect Roadmap of the Nasdaq since 2000 (as perfect as things get in the markets). Price bounced 63% from March to November 1938 just as it has bounced about 71% this year.
Tags: Market Outlook · Roadmap
Low Volume Reversal as Summations Index Weakens
October 23rd, 2009 8 Comments
Volume on up days has been anemic throughout October and the Summation Index charts show the weakening breadth very clearly.
Tags: Market Internals
Fidelity Housing and Real Estate Investment Trust Indices
October 22nd, 2009 1 Comment
The Fidelity Housing Index has bounced above the 50% retrace of the 2000-2007 level but has resistance at the 2×1 angle. Price cannot be considered bullish while below the 1×1 descending diagonal.
Tags: Housing and Construction
US Dollar Continues Down
October 20th, 2009 3 Comments
The US Dollar (USD) is approaching the 100% time cycle next spring and is below the 1992 low. A test of the 2008 low looks to be in the cards.
Tags: US Dollar (USD)
Low Volume Gains Today
October 19th, 2009 No Comments
Volume continues to be weak on upside days. The Powershares QQQ Trust (QQQQ) should make a new short term high at the open tomorrow with the good earnings by Apple and others after the close.
Tags: Nasdaq Charts (IXIC)
Weekend Outlook – 18Oct09
October 18th, 2009 3 Comments
I see everyone is excited about this great move back to “new highs” and ready to jump back in with both feet. Well, not everyone. Not you, of course. But everyone else. I put the recent market move into perspective.
Tags: Gann Square · Market Outlook · Nasdaq Charts (IXIC)
Reminiscing – 1938 Guesses That Were
October 16th, 2009 4 Comments
The 1938 DJIA drop from an intermediate high was 13% in nine weeks. The correction this summer was only 8% in four weeks. The DJIA moved up for 32 weeks following the correction. The current Nasdaq market has moved up 32 weeks from the March low.
Swing Chart Update
October 16th, 2009 No Comments
The Nasdaq 100 (NDX) is nearing 45 days beyond 180 days past the March low. Price is nearing five complete 360 degree cycles on the Squareroot Progression chart.
Tags: Swing Charts
Nasdaq Summation Index Pointing Down
October 15th, 2009 2 Comments
The Nasdaq Summation Index turned down at the beginning of October and the 10 day moving average remains below the 50dma. If fact, with price significantly above the May level, the NASI has not risen.
Tags: Advance-Decline · Nasdaq Charts (IXIC)
Positive Reaction To Earnings To New High?
October 14th, 2009 5 Comments
The market appears to like the Intel Corporation (INTC) news and should be strong at the open. Due to the length of the current market thrust without a pause, I am guessing this move with be a blow off top. The 1×2 angle of the long term range is a place to watch for a high.
Tags: SP500 Index
Natural Gas Nearing Resistance Angle
October 13th, 2009 No Comments
The price of Natural Gas Continuous Contract NYMEX has moved up to the 25% price line and is nearing the 1×8 angle which should be resistance. After the fast move by price, I expect a pullback caused by the angles above.
Tags: Energy-Oil-Gas (XLE)
Gold Breaks Out Toward 1200
October 12th, 2009 No Comments
The price of Gold made a new all time high last week. A quick guess would put near 1200 as a level to watch if price returns to the 1×1 angle of the 1999-2008 range. A look at the retrace during 2008 shows price would move about 50% of the correction higher to near 1200.
Tags: Gold
Weekend Outlook – 10Oct09
October 10th, 2009 No Comments
Volume was weak during the bounce over the last five days. I don’t see any buyers moving the market up as much as the lack of sellers are giving price no reason to drop.
Tags: Bonds · Nasdaq Charts (IXIC) · US Dollar (USD)
DOW at Significant Price Levels
October 9th, 2009 6 Comments
The Dow Jones Industrial Average (DJIA) price is back to the 4×1 descending angle of the 1982-2007 range. This level has stopped price throughout the bear market.