With a little more than an hour to go before the equity markets open in Europe, investors are still attempting to digest the significance of an electoral victory for Francois Hollande in France as well as a much more fragmented political scene in Greec…
6MAY12Below is the daily, weekly, and monthly chart. Daily closed under 1.27 fib, which usually means 1.618 fib next test ~1.01062. Weekly has yet to touch 1.27 fib so more than likely it’ll hit ~1.01583 sometime this week. Just a gue…
6MAY12Below is the daily, weekly, and monthly chart. Daily closed under 1.27 fib, which usually means 1.618 fib next test ~1.01062. Weekly has yet to touch 1.27 fib so more than likely it’ll hit ~1.01583 sometime this week. Just a gue…
6MAY12On the 4hr are the following fib arcs 2, 2.24, 2.5. Currently closed at 2. My thoughts are that once it closes past 1.168 fib arc then it heads for 2.5 ~559.80 on the 4hr. On the daily it closed past the .886 arc (donut) though …
6MAY12On the 4hr are the following fib arcs 2, 2.24, 2.5. Currently closed at 2. My thoughts are that once it closes past 1.168 fib arc then it heads for 2.5 ~559.80 on the 4hr. On the daily it closed past the .886 arc (donut) though …
5MAY12Happy Cinco de Mayo. Below is the daily, weekly, and monthly of the S&P Futures ES_F. Both the daily and weekly are testing the donut edge for support (.886 fib arc), while the monthly appears to be getting rejected at the 1.13 fi…
Today I am a guest columnist for The Striking Price on behalf of Steven Sears at Barron’s, weighing in with Be Greedy While Others Are Fearful. The Barron’s article is a quick summary of some of the reasons I am short fear. Essentially, I am short…
2MAY12Big swings both ways in the past few days, with a long down trend. Quick look and I’m seeing a bullish 3drives forming with the first set nearing completion on both the hourly and daily. I don’t know how harmonic patterns work with CH…
While the bias in stocks for the past three years and two months has definitely been upward, the S&P 500 index (SPX) has struggled to remain above 1400 ever since making a post-2008 high of 1422 on April 2nd. There are many ways to determine the s…
While there was a lot going on in the sector space during the rally from October to April and the pullback earlier in the month, I have yet to see any sort of detailed explanation of what happened during these two periods. This week’s chart of the w…
