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 [...]
Entries Tagged as 'Long Term Market'
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)
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.
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
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.
PowerShares ValueLine Timeliness Select Portfolio Is Weak
October 8th, 2009 No Comments
The PowerShares ValueLine Timeliness Select Portfolio (PIV) tracks those stocks rated as the highest for potential price appreciation by ValueLine. Price of these “best” fundamental stocks have not been strong during the move up since March.
Gann Squares of 52 and 9 on the Nasdaq 100
October 7th, 2009 1 Comment
The Square of 52 on the Nasdaq 100 is approaching 104 weeks beyond the 2007 top. Price has moved back to 50% of the range of the first 52 weeks. This cycle is one to watch since a correction is eventually going to occur.
Tags: Gann Square · Square of 9
Treasury Bonds Swing Down on Charts
October 6th, 2009 4 Comments
The swing chart of the yield of the 30 Year Treasury bond has broken the recent swing low from September and looks to have completed the bounce up since 2008.
Tags: Bonds · Swing Charts
Time Frames of The SP500 Index
October 3rd, 2009 3 Comments
The recent top of the monthly chart is at the mid-range of the 2002-2007 bull market. I noted before that it was odd that the market topped without hitting any significant angles.
Tags: Gann Angle Fan
Energy Weak As XLE Shows High Volume Distribution
October 2nd, 2009 3 Comments
The Energy Select Sector SPDR (XLE) had a high volume down day to the 50 day moving average yesterday. One high volume drop can mean nothing. But note the number of high volume bars in the past two weeks. There is definitely distribution going on in this ETF.
Tags: Distribution Day · Energy-Oil-Gas (XLE)
Nasdaq At The End of September
October 1st, 2009 No Comments
It looks like the funds held prices and their large three month gain (about 25%) up into the close yesterday. Volume was well above average so it took a lot of firepower to hold those gains for the quarterly report.
Tags: Nasdaq Charts (IXIC)
US Dollar Downtrend Remains Intact
September 30th, 2009 2 Comments
I see a lot of talk about the “rally” in the US Dollar (USD) so I decided to check it out. The USD has been moving down since 2001 with lower highs and lower lows.
Tags: Swing Charts · US Dollar (USD)
Charts Around the World
September 29th, 2009 2 Comments
The US markets had a low volume up day yesterday. Since that was not very exciting I decided to check out the markets around the world. The charts speak for themselves.
Tags: Gann Angle Fan
Current Nasdaq Versus DJIA in 1938
September 28th, 2009 6 Comments
The recent Nasdaq market compares to the 1938 market. The goal of the US government is to stop the depicted action from 1939-1942.
Banking Indices With Weak Bounce
September 24th, 2009 No Comments
All aspects of the banking sector stocks are weak and have bounce little after the banking crisis.
Tags: Banks-Financials
Transportation Indices
September 23rd, 2009 No Comments
The industries related to Transportation are in a surprising strong position considering the decline of the total market since 2007.
US Dollar Looks Weak
September 22nd, 2009 No Comments
The long term look at the US Dollar (USD) shows price below the 1992 low, below the 1×1 descending angle, and with the 2009 high below the 2005 high.
Tags: US Dollar (USD)