Chart Score 40 DMA % Index 0 10 Day High – Low 0 52 Week New Highs 0 Total 0 The charts moved from their bearish scores yesterday to neutral today which is appropriate considering where we are sitting today price wise. I haven’t moved the goal post endzones in over a...
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Nothing to do with Trading but inspiring.. some of the best photos I have seen: http://blog.insicdesigns.com/2010/04/astonishing-landscape-photographs-of-our-planet-earth/ A view on the PIGGs Crisis: http://jutiagroup.com/2010/04/29/macro-europe-the-titanic-is-sinking/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+jutiagroup+(Jutia+Group+-+Your+Information+Stop) Nice chart of Fed Rates vs. SP500 http://blog.afraidtotrade.com/the-10-year-relationship-between-the-sp500-and-fed-funds-rate/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+afraidtotrade/NRSd+(Afraid+to+Trade.com+Blog)
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On Wednesday we mentioned the possibility of some back blast and Thursday provided that rally. Markets just don’t fall off the cliff (unless news related) they usually slowly roll over with weakened breadth and that is not what we had on Wednesday. Thursday answered back and now it is up to Friday to let...
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Back and forth goes the indicators.. I still think there is more downside in the next 15 days than upside. The 40 DMA % Index (40DPI) on all three moved up with the what turned out to be a trend day up. Breadth is returning but the question now is how long does it...
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The 52 week new highs turned around on Thursday but still not enough to turn the momentum indicators around into bull mode. Friday needs to be a follow through day in if the new highs are to go bullish. The charts score neutral today since they put in higher new day bars but unable...
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Since the new newsletter format this is my first test of getting this summary piece out. I like to write it in the morning to get overnight news but this morning found my workstation had a bad crash sometime last night and had to wait for infinite reboots. So I need to write this...
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Dividend increases are on the rise: http://www.cnbc.com/id/36835065?__source=RSS*blog*&par=RSS Warning about the M top or the XY missing Z top: http://tradermike.net/2010/04/april-28-2010-stock-market-recap/ Hedge funds are selling: http://www.marketfolly.com/2010/04/smart-moneys-selling-equities-hedge.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MarketFolly+(Market+Folly)
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Ten day high minus lows put in both lower bars and kept the downward momentum alive. I still do not like how we essentially feel off the cliff rather than slowly drifting down into a correction and expect some type of back blast before the market does the healthy thing and correct to setup...
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A mixed score for the 40 DMA % Index as both the NYSE and RUT put in stronger days than yesterday but remained below their 20 DMA thus scoring neutral zeros which is an improvement over Tuesday’s bearish minus 2 each. The NASQ was the weak sister Wednesday not able to score a higher...
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We did get a follow through day today on lower 52 week new highs and that is not good for the bulls. The chart scores a -6 today. This is not impossible for the bulls to turn around here but any rally now is suspect.
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