The US Dollar Appears to Have Bottomed, see the Daily and Weekly View charts at http://stockcharts.com/freecharts/gallery.html?s=%24usd. Since peaking at 88.71 in June 2010 (see the second Weekly View chart), the US Dollar has done an Elliott Wave ABC down up down pattern and an Elliott Wave inverse 12345 down up down up down pattern (pattern within a pattern), probably bottoming at 75.25 on March 22, 2011, though it still needs to follow through strongly to the upside and hit a clear buy signal/breakout.
Wednesday, March 30, 2011
Tuesday, March 29, 2011
Monday, March 28, 2011
The Gold and Oil ETFs Might Have Peaked
The Gold and Oil ETFs Might Have Peaked, see GLD at http://stockcharts.com/freecharts/gallery.html?s=gld, and, see USO at http://stockcharts.com/freecharts/gallery.html?s=uso.
Sunday, March 27, 2011
Saturday, March 26, 2011
Friday, March 25, 2011
Thursday, March 24, 2011
Why Buy Quality Bonds/Bond ETFs?
Why Buy Quality Bonds/Bond ETFs? I'll give you a good reason, DEFLATION. The primary economic and stock market cycles for years to come are very likely to be deflationary. The SPX Super Bull Market since 1932 ended with a bearish double top in March 2000/October 2007, see http://bit.ly/FypjN.
Wednesday, March 23, 2011
Tuesday, March 22, 2011
Monday, March 21, 2011
Saturday, March 19, 2011
SPX Has An Elliott Wave 12345 Pattern From Late Wednesday Until Early Friday
SPX (S & P 500, http://stockcharts.com/freecharts/gallery.html?s=spx) Has An Elliott Wave 12345 (up down up down up) Pattern From Late Wednesday Until Very Early Friday, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=off&z=l&q=c&p=v&a=w14%2Cw14%2Cw14%2Cfs&c=. Note the huge volume spike in the five day chart (link above) at Friday's open.
Also, SPX's daily candlestick chart looks bearish, see http://stockcharts.com/freecharts/gallery.html?s=spx. Watch SPX's downside gap at 1273.72 (created at Friday's open) on Monday.
Friday, March 18, 2011
NDX Closed Near Short Term Support (2218)
NDX (NASDAQ 100, http://stockcharts.com/freecharts/gallery.html?s=ndx) Closed Near Short Term Support (2218), see http://finance.yahoo.com/q/ta?s=^NDX&t=5d&l=on&z=l&q=c&p=v&a=w14%2Cw14%2Cw14%2Cfs&c=. So, if NDX breaks below 2218ish on Monday, the market will probably head significantly lower.
Thursday, March 17, 2011
Wednesday, March 16, 2011
Tuesday, March 15, 2011
Monday, March 14, 2011
Sunday, March 13, 2011
Friday, March 11, 2011
Thursday, March 10, 2011
Wednesday, March 9, 2011
The Coming Rout - Blogs at Chris Martenson
The Coming Rout - Blogs at Chris Martenson http://bit.ly/hG66V7
Tuesday, March 8, 2011
Monday, March 7, 2011
Sunday, March 6, 2011
Saturday, March 5, 2011
Largest SPX Component XOM Might Have Turned Bearish
Largest SPX (S & P 500, http://stockcharts.com/freecharts/gallery.html?s=spx) Component XOM (Exxon Mobil) Might Have Turned Bearish, see the Daily and Weekly candlestick charts at http://stockcharts.com/freecharts/gallery.html?s=xom. XOM has a short term week+ downtrend, and, the second Weekly View candlestick chart at the link above has a large bearish spike; it looks like XOM might have put in an important Intermediate Term Cycle High at 88.23.
Since XOM is currently about 3.80% of SPX (S & P 500, http://stockcharts.com/freecharts/gallery.html?s=spx), going from an uptrend to a downtrend is a substantial drag on SPX.
Also, other important components have turned bearish, like CSCO (http://stockcharts.com/freecharts/gallery.html?s=csco), MSFT (http://stockcharts.com/freecharts/gallery.html?s=msft), WMT (http://stockcharts.com/freecharts/gallery.html?s=wmt), and, even AAPL (http://stockcharts.com/freecharts/gallery.html?s=aapl) may struggle to exceed it's recent cycle high.
Lastly, the Financials/DJUSFN might have peaked recently, and, therefore, they might be leading to the downside, see http://stockcharts.com/freecharts/gallery.html?s=$djusfn. Ciao
Friday, March 4, 2011
Looks Like SPX Will Probably Fill the 1308.44 Downside Gap on Monday
Looks Like SPX (S & P 500, http://stockcharts.com/freecharts/gallery.html?s=spx) Will Probably Fill the 1308.44 Downside Gap on Monday, see the Short SPX ETF SH's five day intra day candlestick chart at http://finance.yahoo.com/q/ta?t=5d&l=off&z=l&q=c&p=v&a=w14,w14,w14,fs&c=&s=sh.
After peaking at 41.76 today 3-4-11 SH did an inverse Elliott Wave 12345 down up down up down pattern (= Waves AB then ABC (= C)), finishing the session in Wave 5 Down. So, it looks like more SPX weakness is likely on Monday.
Thursday, March 3, 2011
Wednesday, March 2, 2011
Tuesday, March 1, 2011
Subscribe to:
Posts (Atom)
