Per David Elliott :
The market made the expected positive move for the SP-500 and QQQQ, with the DJ-30 closing down just 17 points.
It was mostly a quiet choppy day for the day traders.
I am still very short term, tentative, bullish. As I believe we are in a wave two bounce from the market top we [...]
Per David Elliott :
Our comments of sellers at yesterday’s highs, was again tested today, and found more sellers, enough to give the DJ-30 a market swing of 176 points from a new DJ high to the low.
This market swing created another Key Reversal signal on the Daily, and a Bear Engulfing pattern on the 2 day charts for [...]
Per David Elliott :
Our comments of sellers at yesterday’s highs, was again tested today, and found more sellers, enough to give the DJ-30 a market swing of 176 points from a new DJ high to the low.
This market swing created another Key Reversal signal on the Daily, and a Bear Engulfing pattern on the 2 day charts for [...]
It is so good to have David Elliott’s thoughts on the markets again. David has been battling cancer and he will post when he can for now. So below I have pasted David’s thoughts on the market right now.
Per David Elliott :
Friday saw a bounce in the US$, from a failed new low retest, that [...]
It is so good to have David Elliott’s thoughts on the markets again. David has been battling cancer and he will post when he can for now. So below I have pasted David’s thoughts on the market right now.
Per David Elliott :
Friday saw a bounce in the US$, from a failed new low retest, that [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
S&P500 Index – simple SPX v. NAZ line chart with notes, showing NAZ leading SPX moves: NAZ = dashed green
Google Inc. (NASDAQ) - weekly- AH coming into strong resistance less than 2% from 61.8% Fib – RSI getting “lofty”
Nasdaq Composite, Apple Inc, Google Inc, Amazon.com Inc, Research In Motion Limited Weekly Charts With Fibonacci Retracements September 13, 2009
The weekend is a great time to go over the weekly charts for the upcoming week of trading. Even if you day trade it is imperative to get outside the smaller time frames and see what [...]
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
Amazon.com, Inc. (NASDAQ) - daily- bounced from 50daySMA after false breakout- boxed between 50 and 20 in middle of up channel
Google Inc. (NASDAQ) – weekly-broke above primary downtrend line on decreasing volume-coming into congestion range 450-525
Apple Inc. (NASDAQ) - daily-negative divergence on MACD histogram-look to supp [...]
It seems the question I posed in my weekend post – “Has the Consolidation Ended?” – may have been squarely answered by today’s bullish follow-through. The market leading Nasdaq has broken-out on supportive volume and has room to run. Let’s have another look at some charts I posted over the weekend, and how they’ve developed.
In this week’s article for Energy and Capital, I discuss smart metering and other smart grid technologies, and suggest six companies that are well positioned to profit from the grid’s transformation.
Smart Profits on the Smart Grid
Six Smart Grid Plays in the Stimulus Package
By Chris Nelder
Wednesday, February 18th, 2009
It’s not every day that you see an opportunity to [...]