We are now in unfamiliar territory. The MACD technical indicator Moving averages has crossed over above 120 points 22 times since 2003. Of those, 22 times, 19 of them led to at least a mild pullback within a month. 3 times it moved sideways or down where no money could have been made at all within one month. The MACD has crossed over 200 points 6 times...
Hello everyone ! We can expect a down trend on the DJ soon. Moving averages 40 & 140 are going to cross and prices want to break the ascending support (black line). This index could reach 17320 points next week !
Buy AEO 12.92 Stop 12.50 Target 13.50/13.95 Near Term Regards, SP CapitalTA
Trading near the channel and the neckline resistance, Short term trend is down and any recovery may face sell offs again. Yes there is short covering or fresh buying seen from lower levels but I feel with smaller stops this trade is worth taking a chance. Regards, SP CapitalTA
DAX Resistance The DAX is currently in a very strong resistance zone. In fact many of the largest stock indices are also in the same position please also see my trade on the FTSE (Global Equities Turn-Around) It has touched this level 2 other times this year, we have seen several retracements on the dax this year and this seems to be where it stops the...
Alternative scenario - Take a look at arrows / circles for objectives.
Here is my logic: 1. Fundamentals don't support record highs. High stock prices don't represent real economic activity. Unemployment. situation still not pre-crises levels yet prices are way above that. 2. Oil showing lack of demand. 3. US dollar becoming more expensive. End of low exchange rate. 4. China weakening as well as imports. 5. End of easy money and fed...
Since 2009 its been hard for bears to short this market. We don't expect markets to crash either but normal correction is a sign of healthy markets. We expect markets to correct itself and then to new highs.
This chart and my conclusion based on my analysis might be very perplexing to many Fundamental Analysts and to Japan's Prime Minster Abe as net results of his 3 prong attack fails to produce desired results. Many, bullish fund managers will be mystified as was the case in 1992 when the initial decline of all time high was only seen as just a setback and a buying...
Dow Jones had been trading in a long-term range (marked in the chart above) and has had 4 major price reversals since then. As can be seen from the chart, Dow had bounced off post 2008 recession (marked as the 4th reversal) and after a small dip in this major rally near the resistance line, finally closed above it. Dow has retested the upward sloping line to mark...