Technical Analysis
S&P 500 Short Term Rally fails $SPY
Just like what I talked about yesterday, the inability to stay above the 20 day EMA seems to signify a change in short term trend. Today the market tried to rally higher but failed. If we move lower tonight and tomorrow, we revisit that question since August: Will 1100 hold? For those interested in tracking [...]
Another important short term signed? $SPY
We have a really strong day yesterday in Europe and Asia. And look set for another great day in US. But late last night there was a strong retreat. Retreats are ok. But when the retreat went below that of 20 day EMA, this may be significant. A move lower tomorrow and next could mean [...]
Long Term Market Analysis: PMO turns negative
Drizzt: long term market analysis is a series once or twice a month where we take a look at longer term trends in the market to get our bearings right on the general direction of where market prices is going. S&P 500 [ Weekly 1997-2011 ] In our last analysis, we talked about the 43/17 [...]
Bear Flag formation still shows market indecision
We have the 2 day FOMC meeting and the end result is We didn’t make it pass the 50 day EMA. It is very obvious that is the resistance there The bearish flag formation made by the 2 red lines still continues to form. This formation typically resolves to the down side. Where do we [...]
TradingView live chart technical analysis tool for finance bloggers
This morning I discovered a new chart plotting data service that may help bloggers like me. It enables us to publish and share price charts with our technical analysis easily. What they are trying to come up with is a social based technical analysis charting community called TradingView.com. There are still a lot of nitty [...]
