I describe the week’s actions and discuss where we are in the market for the upcoming week.
As we await the Friday Non-Farm Payroll “Jobs” Report, let’s take a quick check-up of the main reference levels to watch in the cross-market landscape at the moment. Let’s draw our attention to the S&P 500 and then see how the intermarket environment rests currently: Instead of spending a great deal of time on the…
Intermarket analysts look to the relationship of the Bond and Stock Markets for clues of future moves in these markets, paying close attention to leading signals when they occur. This week gave us a firm breakdown in the Ten-Year Treasury Note Yield which resulted in a subsequent break-out in Bond/Note prices, such as in TLT…
Traders of today can learn lessons from historical events where Politics and the Stock Market collided – with negative results. Current Congressional gridlock is threatening another potential market crash via two separate but related events: The US Debt Ceiling Negotiations ahead of August 2nd and the “Big Three” Credit Agencies warning that the US may…
Given the large economic/news events playing out at the moment, it’s little surprise that the Cross-Market (Inter-market) landscape has taken on a pause or consolidation phase at the moment. With the US Debt Ceiling and European Debt Situation coming to a resolution soon, the inter-market structure has currently balanced at value or “pause” areas that…
What signals or clues are coming from the broader Sector Rotation Model as we see it in July 2011? Let’s take a look, starting with the data Year to Date: Consistent from our prior update in May 2011, the Sector Rotation Model continues to show Defensive/Protective money flows, which casts a cautious tone over the…
If you’ve been following the US Dollar Index over the last few weeks, you’ve probably noticed a clean triangle-style consolidation phase setting up. Let’s take a look at the recent pause, note the dominant boundaries, and assess the higher timeframe structure in the context of the consolidation. First, the US Dollar Index – Daily: The…
I’m assuming most traders were surprised at the recent power-rally in the US Equity Markets recently. However, taken into the larger context or perspective, this rally formed off major “Make or Break” Confluence Support as best seen on the Weekly Chart. What started as a simple “retracement” buy-in has ignited a powerful “Positive Feedback Loop”…
I’ve been monitoring the changing structure in the US Dollar Index recently, and there is a very critical index level to watch that will signal an official, structural trend reversal on the larger frame. Let’s take a look at the current price structure and highlight the critical level that will objectively redefine the prevailing trend….
Google shares (GOOG) have fallen to a critical “make or break” price support level as seen both on the weekly and daily chart. Let’s take a look at the two-timeframe action and see what the current chart says about potential opportunities. Google (GOOG) Weekly: Cutting right to the chase, the flat 200 week Simple Moving…
It’s time for another update on the “Stocks Most Over/Under-Extended from their 200 day SMA” list! It’s surprising how much has NOT changed since the last update, but that is part of the benefit of this occasional scan. The scan is designed to find the strongest and weakest stocks in terms of their distance –…