Blog Catalog Blog Directory

DJIA Market Wrap 5 December

Sat, 05 Dec 2009 08:55:52 -0600

The 60-minute trend is negative according to the force index indicator. The MACD indicator is printing a number of consecutive negative divergences. Prices are moving laterally within a trading range. The 10500 level has been tested already several t

20091203 1722 Dow EOD Daily Chart Study.

Thu, 03 Dec 2009 03:23:00 -0600

DJIA tested another high of the year at 10513.52 but failed to sustain and retreated by down -18.90 points to closed at 10452.68. Looking at the daily chart, although price closed near the upper Bollinger band but the Dow seems trapped inside the B

Black Friday weekend resut sets the trend

Tue, 01 Dec 2009 08:16:40 -0600

Dow Live Report: The Black Friday Weekend results are turning into what most have expected: more shoppers but less spending. While some are celebrating the increased total revenues from nearly 200 million shoppers, the lower per capita spending speak

DJIA - Market Wrap 29 Nov

Sun, 29 Nov 2009 10:11:27 -0600

The 60-minute trend is positive according to the force index indicator. The MACD indicator is printing a number of consecutive negative divergences. Prices managed to breakout the lower trendline of the rising channel. The emini is now retesting the

Dow Jones take a Thanksgiving pause

Fri, 27 Nov 2009 14:03:56 -0600

Dow Jones is on a small slump as Thanksgiving weekends show a reaktion to Dubai. The Dow is on the same level as the S&P 500 and Nasdaq and all three are looking at lower closings of a bit over -1.5%. Oil companies Exxon and Chevron were the mai

DJIA - Market Wrap 24 Nov

Wed, 25 Nov 2009 05:39:26 -0600

The 60-minute trend is negative according to the force index indicator. %b left the overbought area. Yesterday prices attempted to close the up gap printed on Monday, but then moved higher again. The Dow is doing better than the Nasdaq in this phase

20091123 1714 DJIA EOD Daily Chart Study.

Mon, 23 Nov 2009 03:14:00 -0600

Dow ended marginally lower to closed at 10318.16 down 14.28 point with higher volume. All indicators suggest that the uptrend correction phase side way range bound is likely to continue. Having said that, major Asia and European market traded mostl

20091120 1452 DJIA EOD Daily Chart Study.

Fri, 20 Nov 2009 02:53:00 -0600

Correction took place on the DJIA yesterday pushed it down 93.87 points to closed 10332.44 with higher volume traded. Despite closing lower, Bollinger band reading still suggest an upward movement market. However, seller aggressiveness forced MACD

Stock Market Analysis: 11/19/2009

Thu, 19 Nov 2009 20:19:51 -0600

Indexes opened significantly lower after overnight weakness and sellers were out in full force this morning. The Russell 2000 (-2.49%) and financial sector (-1.94%) lead the way down today but the market drifted higher from the 11AM market lows for a

Stock Market Analysis: 11/19/2009

Thu, 19 Nov 2009 20:19:51 -0600

20091119 1755 DJIA EOD Daily Chart Study.

Thu, 19 Nov 2009 03:56:00 -0600

The Dow ended down marginally 11.11 lower to closed at 10426.31. Chart wise, Bollinger band reading still suggest an uptrend movement market. However, the last 2 doji bar candle and MACD Histrogram stayed nearly unchange give some hints that

BROADENING RISING WEDGE

Tue, 17 Nov 2009 08:04:27 -0600

The pattern in focus is the broadening rising wedge. The rally continues, but this is an intermediate-term consolidation pattern, one that may not have been clearly visible to most people.I continue to see the lack of follow-through and so far, intra

Crude Oil rallies on strong equities, and weak USD

Tue, 17 Nov 2009 07:52:52 -0600

Crude Oil prices gained over 3% Monday, as the major US market indices rallied and touched a new 2009 high. Light, sweet Crude Oil for December delivery rose US$2.55, or 3.3%, to settle at US$78.90 bbl on the New York Merc. US stocks rose, with the

Cresterea bursei americane privita din perspectiva istorica

Mon, 16 Nov 2009 06:39:29 -0600

De la minimele atinse in martie, indicele Dow Jones Industrial Average (DJIA) a crescut cu aproape 60%, ceea ce poate parea spectaculos la o prima vedere, insa privita din perspectiva istorica, aceasta crestere se situaza sub medie, atat ca durata,

20091113 1618 DJIA EOD Daily Chart Study.

Fri, 13 Nov 2009 02:18:00 -0600

Finally the long waited pull back effect took place yesterday after a 6 straight days up resulted the Dow to end down 93.79 to closed at 10197.47. Yesterday black bar candle closed above mid Bollinger band with the band width continue expanding = m

Today’s Stock Market Commentary Per David Elliott 11.12.09

Thu, 12 Nov 2009 08:10:41 -0600

Per David Elliott : Yesterday played out about how we expected. The DJ-30 hitting out upside trendline target of 10340 area. And the SP-500 and QQQQ making double tops; With the IWM, Russell 2000, failing the daily 50 Simple moving average, SMA. Thi

The Dangers of Investing for a Lifetime Income

Thu, 12 Nov 2009 07:35:48 -0600

Many retirees live on income from their portfolio of stocks, bonds, mutual funds and other market-related securities. On October 09, 2007, the market [as measured by the DJIA] peaked at 14164.53 and then started a dramatic decline until March 09, 200

20091112 1625 DJIA EOD Daily Chart Study.

Thu, 12 Nov 2009 02:25:00 -0600

The Dow closed marginally higher yesterday at 10291.26 up 44.29 forming a shoting star doji bar candle. Price closed near the upper Bollinger band level and the band width expanding together with MACD Histrogram rising, all sending bullish signals

20091111 1640 DJIA EOD Daily Chart Study.

Wed, 11 Nov 2009 02:40:00 -0600

The Dow advanced marginally higher to closed at 10246.97 up 20.03 points forming a doji bar candle right at the upper Bollinger band with the band width continue to expande = the uptrend is still intact. MACD Histrogram also continue to edge up hig

Martin Armstrong on Market Predictions and Objective vs Subjective Analysis

Wed, 11 Nov 2009 02:01:52 -0600

Martin Armstrong is the author of the Economic Confidence Model based on an 8.6 year business cycle theory inspired by the work of Nikolai Kondratieff. The cycle once again accurately predicted the peak of the last economic cycle years in advanc

Today’s Stock Market Commentary Per David Elliott 11.10.09

Tue, 10 Nov 2009 07:55:47 -0600

Per David Elliott : MONDAY, NOVEMBER 9TH¡¯S MARKET UPDATE. Friday I said, My reversal of a bear position, at this time, would be a move over Thursday’s Index highs. So we made new highs Friday without correcting back to our breakdown targets

Global markets eying new Y 2009 highs

Tue, 10 Nov 2009 07:38:55 -0600

Global markets across a basket of assets are poised to challenge new highs for Y 2009, after a strong rally on Wall Street took the DJIA to a new high and a weak USD convinced investors into making riskier bets. European exchanges were predicted to s

If You're Gonna Be a Bear...

Tue, 10 Nov 2009 05:24:54 -0600

Most of you have figured out by now that, while I am never without an opinion, I very rarely recommend specific trades on this site. This is for several reasons, not the least of which is the fact that I don't know any better than anyone else what t

DJIA Market Wrap 8 November

Mon, 09 Nov 2009 06:01:16 -0600

The 60-minute trend is positive according to the force index indicator. %b has printed a slightly negative divergence. On Monday morning prices will open up on a gap that will test previous high. The Dow is also doing much better than the Nasdaq in

20091109 1628 DJIA EOD Daily Chart Study.

Mon, 09 Nov 2009 02:30:00 -0600

The Dow ended 17.46 higher to closed at 10023.42. Daily chart wise, all indicators giving a positive view except the volume traded is relatively low. The next immediate target for Dow rest at 10120 resistant level. At last looked, major European ma

INDEX UPDATE: NEUTRAL-BEARISH

Mon, 09 Nov 2009 01:57:12 -0600

Currently neutral-bearish. My sentiment has not changed and I believe the correction may take a while, but that's just my thoughts. What are we looking for?SPX - The 20-day MA test continues with a possible H&S pattern developing. The criteria is

Nov 2-6: Dow, NASDAQ Up Over 3%; Solar Almost 2%

Fri, 06 Nov 2009 21:25:15 -0600

Solar holding its own...MarketWatch reported today says a surge in GE stocks helped the DJIA go above 10,000 again after a two-week losing period. Week's end closing showed the Dow up 3.2% and NASDAQ up 3.3% while solar stocks in the 20SSI gained abo

20091106 1644 DJIA EOD Daily Chart Study.

Fri, 06 Nov 2009 02:44:00 -0600

Returned of the King! Wall streets shows its supremacy yesterday with a strong march forward to closed the Dow 203.82 higher at 10005.96 leading the world major market to trade higher today. Seems like there are some lights at the end of the tunnel

Dow Jones historic 10000 repetition

Thu, 05 Nov 2009 11:21:31 -0600

Dow Jones Live report. If the Dow conquers 10000 we will have broken a important psychological breakpoint. The first time the Dow closed over 10000 was March 29, 1999 during the Clinton bull period. The next major Dow Jones 10000+ close was December

Today’s Stock Market Commentary Per David Elliott 11.05.09

Thu, 05 Nov 2009 07:53:43 -0600

Per David Elliott : Yesterday saw most, if not all, our upside targets hit for the Index markets as well as for our stock targets. The SP-500 and the QQQQ, both retested their 50 SMA and failed. We call that price pattern an IHF, “Ice Hole Fai