Here’s another perspective on the comparison charts of the Dow Jones between the 1929 crash and recovery and the 2009 crash and recovery.
Let’s take a quick view of the line charts of the daily Dow Jones in 1929 structure and how it compares with today’s weekly Dow Jones structure.
With Exxon-Mobil breaking down through critical support level at the $67.50 level, let’s take an updated look at Exxon-Mobil and note a key target and potential bear flag development in this stock.
I’ve been impressed with the work of Fibozachi lately, particularly in regard to the recent “Short Term Update” posts. I wanted to provide a link to their most recent publication – written at the popular Zero Hedge website – entitled “Fibozachi Technical Update of January 27, 2010.” Here is a snapshot of a few of…
It’s time for another Traders Expo! The New York Trader’s Expo is the largest of the three (February, June, November) and has an amazing roster of speakers that you will not want to miss! Here is an image of some of the top speakers (over 50 speakers and 125 presentations) who will be presenting at…
I recently highlighted the “Bull Flag Formation in the US Dollar Index” on January 18th (see prior post), and now that we have successfully broken higher confirming the bull flag, it’s time to take an updated view of the daily US Dollar Index chart to take a look at a “bump in the road” that must be overcome to complete the full target.
Headlines have featured on China and its pulling back of its economic stimulus, which has contributed in part not only to a pullback in FXI (iShares Xinhua China 25 ETF).
Let’s take a quick look at the FXI weekly chart to see a lesson in lengthy negative divergences and a likely developing “Rounded Reversal” pattern forming into a critical support level.
For the moment, things are looking brighter for the buyers/bulls, at least according to the intraday SPY 5-min chart when a bullish trendline break accompanies a strengthening in key market internals.
Let’s take a look at the recent potential bullish developments.
Admittedly, it’s not the most exciting blog post title, but I always enjoy highlighting quick tips whenever possible on intraday trading tactics, and Monday’s action gave me a great chance to share a quick example of a near-perfect intraday Fibonacci Confluence.
With a new week upon us, let’s take a quick look at the current picture of S&P 500 Market Internals as seen on the 30min multi-day frame.
I wanted to call attention to a weekly piece usually published each Monday by Andrew Horowitz of the Disciplined Investor entitled “Indicators We Are Watching.” Today’s update is entitled “Expect a Bounce, Then….” which highlights some key points that warrant attention. The above charts are a sample of his report, and clicking the image will…