Well, our Zweig is struggling and we are now modeling in a correction back down to the 40 area before a buying resumption in the market. Our charts are mixed today and the CVI sums it up the best with a divergent higher high and low. The winner is the VIX. Our NH/NL indicator...
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Around the Globe Asia – CLOSED Shanghai (China) +1.19% Hang Seng (Hong Kong) +0.07% Nikkei (Japan)-0.28% Europe as of 7:41am EDT DAX (Germany) +0.80% FTSE (UK) +0.28% Welcome to the DAX coaster! Today’s Economic News: News for the most part, that is the most important news, was all bull out of Europe today....
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Yesterday was a disappointment, it was a chance for the bulls to strut their stuff, but the options expiration ups and down and the worry from Europe that always somehow, just magically, seems to rear its head during OPEX through a bucket of water on the party. We are now on Day 7...
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Around the Globe Asia – CLOSED Shanghai (China) -0.09% Hang Seng (Hong Kong) +1.03% Nikkei (Japan)-0.82% Europe as of 7:36am EDT DAX (Germany) -0.88% FTSE (UK) +0.18% Today’s Economic News: There wasn’t a ton of news today yet. The Spanish auction went off, notice the 2 year rate compared to the French two year...
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We are starting Day 6 in the slow spectator sport of watching for a Zweig Breadth Thrust, a rare bullish signal that occurs when the average of the NYSE A/D line moves from oversold to overbought (40 to 61.5) in a ten day period. Yesterday’s NR7 gave us a step back, today...
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Around the Globe Asia – CLOSED Shanghai (China) +1.96% Hang Seng (Hong Kong) +1.06% Nikkei (Japan)+2.14% Europe as of 7:51am EDT DAX (Germany) -0.99% FTSE (UK) -0.37% Asia had its party but Europe has a little hangover evidently. Today’s Economic News: Fairly good new out the UK on a light news day. Quote...
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The biggest anticipation right now is we are on the hunt for a Zweig Breadth Thrust. Today starts Day 5 and we are already half way there, the hardest half however is the last half. Yesterday gave us a nice gain on the count. The next 4 days we are going to be replacing...
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Around the Globe Asia – CLOSED Shanghai (China) +0.35% Hang Seng (Hong Kong) +1.84% Nikkei (Japan)+1.19% Europe as of 8:13am EDT DAX (Germany) -1.05% FTSE (UK) -0.56% Today’s Economic News: Quote of the day: The human body has two ends on it: one to create with and one to sit on. Sometimes people get...
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Breadth was suggesting two follow through days from Wednesday’s price action. So yesterday was one down, today we need would like to show some modest gains before some selling resumes. Our Zweig countdown continues. We are looking for a crossing for the upper line (61.5) over the next 9 days. Should that happen...
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Around the Globe Asia – CLOSED Shanghai (China) +1.82% Hang Seng (Hong Kong) +0.93% Nikkei (Japan)+0.70% Europe as of 7:47am EDT DAX (Germany) +0.66% FTSE (UK) +0.08% Today’s Economic News: Quote of the day: Education’s purpose is to replace an empty mind with an open one. – Malcolm Forbes Current Allocations from...
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