Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
iShares Dow Jones US Real Estate (ETF) (NYSE) - weekly vol-by-price- very difficult to argue with this breakout
Financial Select Sector SPDR (ETF) (NYSE) - weekly vol-by-price– Inverse H&S points to target of 19- PPO breaking positive 1st time since ‘07
American Express Company (NYSE) – weekly- tagged [...]
Market Mania July 29, 2009
Good morning folks. The futures markets have been weaker again this am to start our day. Durable good orders will be released shortly. Yesterday I came into the day short AXP and that has worked out well boosted by the weaker then expected consumer confidence numbers that were released.
The market has [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter @theEquilibrium.
Amazon.com, Inc. (NASDAQ) – trying to break primary weekly downtrend res.- may run near top of channel – tho watch doji on daily
American Express Company (NYSE) – daily: pulling back to 62.8% Fib and new support at 28.50-ish – watch possible MACD [...]
Today’s Market Commentary Thursday February 5, 2009
Yesterday we said,
“Today we have two resistance levels, yesterday’s highs, 50% retracements and the hourly 50 SMA, and for the DJ-30 the 8200 level which equals a 61% retracement number. Failing these levels I am looking for a retest of the Monday lows”.
We failed to have a meaningful close [...]
Today’s Market Commentary Wednesday February 4, 2009
On the DJ30 yesterday’s high was a 50% retracement of the drop that started last week.
The big question now is can it take it out for higher highs, or crash and break the lows of the year?
Yesterday’s reversal was in market bottom’s was a mere, 1.7% for the DJ-30 and [...]
