A Quick Look at the Major US Stock Indexes Nov 29
With the end of November just a day away, let’s take a quick look at the daily charts of the Dow Jones, NASDAQ, and S&P 500 US Stock Market indexes.
Color Daily EURUSD Forex Chart Shows Lengthy Divergences
Instead of looking at the Euro Index, let’s take a look at the Euro – US Dollar FOREX Pair – EURUSD – and see the current ‘color chart’ along with two sets of momentum divergences and an Elliott Wave count. Sound complex? Let’s look at it step by step.
May 2008: The Last Time We Saw Major Breadth Divergences Like This
This morning, I wrote about the lengthy “Market Internal” non-confirmations or glaring negative divergences that are creeping in to undermine the current stock market rally.
Let’s step back in time to May 2008 – the peak of a counter-trend rally and the last time we saw such glaring non-confirmations with market internals and price… just before a major reversal.
A Weekly and Daily Chart View of UNG Natural Gas Oct 26
With the Natural Gas ETF UNG falling 5% before mid-day on Monday, October 26th, let’s take a quick look at the broader picture by seeing the structure and opportunities on the weekly and daily charts.
Sector Rotation off July Low – the Epitome of Strength
If you ever wanted to see an example of rampant bullish strength in terms of the Sector Rotation model, look no further than these charts, which show the powerful move up in the broad market since the July 7, 2009 lows to the recent October highs.
Bullish Elliott Wave Fractals on the US Dollar Index Oct 18
There’s very interesting internal wave counts on the US Dollar Index shaping up right here. Let’s take a quick look at a potential Elliott Wave daily count on the US Dollar Index:
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A Look at the 12 Most Recent Failed Sell Signals in the SP500
With today’s break to new highs both in the Dow and the S&P 500, I thought it would be interesting to take a look at the 12 most recently “failed” or “busted” sell signals in the S&P 500 to see if we can note a pattern.
Reference back to my prior post on “Recent Failed Short-Sale Signals and Short Squeezes in the SPY” and “If History Repeats, Will it Mean New High for SP500?” (answer “yes!”) for more perspective.
A Year to Date Look at JP Morgan JPM and Intel INTC
With both Intel (INTC) and JP Morgan (JMP) reporting better than expected earnings, helping drive both stocks and major US Market indexes to fresh new 2009 highs, let’s take a quick look at the daily “year to date” charts of these ‘in focus’ stocks.
SPY Enters Confluence Weekly Gap and Fibonacci Area
Going back to TA 101, let’s take a quick look at the SPY Weekly Chart and note a prior “gap zone” along with the 50% Fibonacci Retracement – both of which rest slightly above price currently.
Current Fibonacci Confluence in the Dollar Index
I wanted to show a quick ‘advanced’ chart of the US Dollar Index to note different levels of Fibonacci ‘extension’ confluence at the $77 level which we need to watch. Let’s take a look: