Stock Market Technical Analysis
Richard RUSSELL ON GOLD & THE DOW
August 13, 2008 — We’ve recently seen the greatest expansion of credit in history. It was a product of Asian and Mid-Eastern countries holding down the value of their currency by creating more of their own money and buying dollars. The Fed got into the act in 2003 when it held down Fed Funds to […]
Richard Russell On The Market
August 11, 2008 – “A rough measure of broad money in the world’s 20 largest economies is growing at near 20%, year-over-year, in dollar terms” (from Grant’s Intereazst Rate Observer,August 8).
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It’s OK to be confused. It happens to me all the time. I receive about 20 advisory reports ever week, and in my 50 […]
Russell On The Market & Banks
August 8, 2008 — Big picture – Dollar up big time, gold down, euro down, oil down, stocks surging, bonds unclear.
There’s a double bottom on my PTI at 5910. Could that have been the low for my PTI? Today was the second plus-300 point day for the Dow this week. Could we have seen the […]
VIX breaks out from strong resistance
We might see more down side in these few days. I know alot of TA experts seem to be calling for a short term bottom but today’s development should accelerate that.
Perhaps there is more downside to go but now may not be the best time to be cutting your losses.
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S&P 500: Down or up?
I was going to host another game of DOTA when i saw something on my thinkOrSwim Prophet. I chided myself for not noticing it but tonight, the S&P 500 is on the weekly 200 day moving average.
Melvin told me there were important news coming up. The FED will decide whether to hike or leave rate […]
Agriculture ETF DBA breaks out
Busy week this week. I didn’t get the chance to go for the off that i was waiting for.
Anyway, this weekend we get the SP500 finishing down 3% from thursday. I will post more on this later but it looks like the correction in agriculture ETF DBA seems to be pretty much done.
In the last […]
S&P 500: Moving towards the resistance
I posted alot on the S&P 500 weeks ago regarding the likely direction of the market. Right now, volume may be high but strength seems to be lacking.
On the weekly charts, RSI seems to be weakening, although MACD still looks good. Right now lets see if it can break the 1400 resistance. I have a […]
S&P 500: Inflexion Point
Its difficult to analyse from a technical perspective which direction the market will go. Someone taught me that its best to be a master of a few technical indicators better than use so many that just cloud your senses.
Dual Moving Averages if setup correctly for long term smooths out the volatility such that you have […]
S&P 500: Trying to break trend
The last 3 days have saw big up moves in the US market. While most expect the general direction to be down, I am quietly believing that a short term directionless market is the most likely result.
From the chart, S&P 500 will attempt to break out o fits funk next week. Interestingly, RSI and MACD […]
S&P 500 : Short Term bottom?
folks that browse here would probably came across this article a few days ago where i am bearish on things. todays price action seems to be going far against that trend. so was i wrong?
not quite. I have a feeling announcement dates of things are timed to TA perfection. not sure why but hmm…
anywayz, 1275 […]
