Around the Globe Asia – CLOSED Shanghai (China) +1.00% Hang Seng (Hong Kong) +0.84% Nikkei (Japan)-0.01% Europe as of 7:14am EDT DAX (Germany) +0.42% FTSE (UK) +0.67% Today’s Economic News: Not much on the docket for news today. We will watch the 10am Euro consumer confidence numbers for an indirect effect from Europe....
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The weak markets and Wednesday and Friday’s selling caused the Ned Davis 4% indicator to move to sell. We will be selling the UWM at Monday’s opening price and begin looking for a Ned Davis buy signal. Not Sure what a Ned Davis 4% system is? Read more about it here and get...
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Score: +6 Twofer for the bulls. Monday will begin a new cycle in the new highs, and Tuesday if all goes well should produce our first full bull score again. 52 Week new highs are starting to build again. They need next Monday or Tuesday to be setting anything but neutral scores....
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Score: +12 We are in cruise mode now as the markets continue to want to climb ever higher. Breadth still looks good. Nice recovery on the 52 week new highs. The 10 DHL stalled a little. Looking for two in a row to set a pattern. The 50 DPI still looking...
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Score: +8 A run to new highs on Friday with afternoon selling kept the breadth positive, I would expect at most a slow grind this week upward. All three hit their mark on Friday. The NYSE and RUT put in more new highs than the recent February highs. That shows some good...
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Score: –4 Breadth took a little healthy break on Monday to close down at –4. Although the ending was a little bit frightening, the overnight session have held up well, so I would expect breadth to open the day just fine and let us put in at lease a more favorable neutral score...
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Score: +10 A “V” shaped day put the bulls back in play shaking up the bears and adding some short fuel to the fire. Follow through is needed, especially in the Nasdaq. The NYSE 52 Week new highs now have a downward trend working, so we need some perk here for the...
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Hello, Just wanted to drop a note to remind you of the ten day trades and how they are working out. This is our current portfolio.. Note that we have three shorts that are to exit in the morning and one long to add at the open. WTW (Weight Watchers) is a...
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We are very excited to be hosting FuturesTrader71 as a guest speaker in our live on-line trading room on Wednesday, February 16th. FT71 is a traders’ trader and has been actively giving back to the trading community to help traders navigate through the dangerous carnival midway that leads too many astray. He is...
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The score so far for Friday Asia: Shanghai – closed Hang Send – closed Nikkei +1.08% No Economic news. China remains closed until Monday for Chinese New Years Europe: as of 6:43 am DAX +0.28% FTSE +0.32% Moderate gains in Europe today No economic news USA: 8:30am NonFarm Payrolls exp 150K last...
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