Light/Bearish SPX (S & P 500) Volume Again Today (Big money's not stepping in), and, the Daily View candlestick chart looks bearish, see http://stockcharts.com/freecharts/gallery.html?s=spx. SPX appears to be in a Short Term Wave 5 Downcycle.
Showing posts with label News. Show all posts
Showing posts with label News. Show all posts
Tuesday, May 24, 2011
Saturday, May 21, 2011
Wednesday, May 18, 2011
The US Dollar is Now Probably in a Cyclical Bull Market
Since late 2008 (and since mid 2010) UUP/USD ETF has done an inverse Elliott Wave 12345 down up down up down pattern, see http://finance.yahoo.com/q/ta?s=UUP&t=5y&l=on&z=l&q=c&p=v&a=fs%2Cw14&c=, and, volume exploded recently, see http://finance.yahoo.com/q/ta?s=UUP&t=5y&l=off&z=l&q=c&p=v&a=fs%2Cw14&c=. Also, check out the second Weekly View Chart (and the first Daily View Chart) at http://stockcharts.com/freecharts/gallery.html?s=uup.
So, it looks like UUP probably put in a very important Cyclical Bear Market Cycle Low recently at 20.84, which means that UUP and the US Dollar are now probably in a Cyclical Bull Market, which is bad news for the stock and commodities markets.
I'm looking to Go Long the USD ETF UUP in the next few days, see http://stockcharts.com/freecharts/gallery.html?s=uup. UUP put in a Short Term Cycle High at 21.76 on 5-13-11, and, it looks like it'll put in a Short Term Cycle Low in the next few days.
Monday, May 9, 2011
Sunday, May 8, 2011
Friday, May 6, 2011
The Euro Might Have Put In An Intermediate Term Cycle High on 5-4-11
The Euro Might Have Put In An Intermediate Term Cycle High at 149.40 on 5-4-11, see the Daily and Weekly View charts at http://stockcharts.com/freecharts/gallery.html?s=%24xeu. Note the Elliott Wave 12345 up down up down up pattern (also an inverse ABC up down up pattern) in the second Weekly View chart since the early June 2010 Intermediate Term Cycle Low at 119.13, and, note the bearish weekly long dark/red candle this week, probably a bearish dark candle reversal this week by the Euro.
If the Euro has turned bearish (likely) that's an ominous sign for the Stock Market, and, for Commodities. Also, the USD appears to have bottomed, see the USD ETF UUP at http://stockcharts.com/freecharts/gallery.html?s=uup.
Follow me on Twitter at http://twitter.com/#!/tradethecycles.
Monday, May 2, 2011
Thursday, April 28, 2011
The Next Wave - Armstrong Economics (PDF Format)
The Next Wave - Armstrong Economics (PDF Format), see http://armstrongeconomics.files.wordpress.com/2011/04/armstrongeconomics-the-next-wave-042411-update.pdf.
Wednesday, April 27, 2011
Tuesday, April 26, 2011
Saturday, April 23, 2011
Friday, April 22, 2011
Wednesday, April 20, 2011
Tuesday, April 19, 2011
Monday, April 18, 2011
Sunday, April 17, 2011
Friday, April 15, 2011
Thursday, April 14, 2011
Wednesday, April 13, 2011
Monday, April 11, 2011
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