Technical Analysis and Outlook The NASDAQ finished a solid plus 2.3% coming from Mean Support 6970 . The stage for transforming from bearish to Dead-Cat-Bounce is heading towards Mean Resistance 7370 is very probable. Additional support is marked as a major Key Support 6865 and Key Resistance 6603 .
Technical Analysis and Outlook The SPOOZ finished higher coming about Key Support 2702 . The stage for transforming from bearish to Dead-Cat-Bounce heading towards Mean Resistance 2839 is very probable. Additional Key Support is at 2630 , while the second 'VERY MAJOR' Key Support is 2583 just below.
Technical Analysis and Outlook The DJI finished higher coming from of Key Support 25047 . The stage for transforming from bearish to Dead-Cat-Bounce heading towards Mean Resistance 25678 and others. Additional Key Support is at 24694 , while the second 'VERY MAJOR' Key Support is 24120 .
Technical Analysis and Outlook The Sugar finished higher for the second consecutive day with the completion of Sugar Rally $0.1232 in play since flagged by Trade selector Signal on Oct 1, as the commodity consolidates much higher range journey. The stage for transforming from bullish by completing the move is signaling down prices are likely to occur in near...
Technical Analysis and Outlook A steady to lower momentum and meeting Mean Support 111.87 criteria are signaling that higher prices are a possible interim to Mean Resistance 113.24 (Stage 3). If the Yen currency pair extends the ascend by closing above Mean Resistance 113.24 , this would confirm that a short-term bullishness has been positioned. The next...
Technical Analysis and Outlook If the currency pair extends this week's rally, Currency Rally 1.3350 is the next upside target, since Mean Resistance 1.3285 has become weak and variable due to the number of retests done since July 6. However, in the event currency unable to close above Mean Resistance 1.3285 for the next couple trading of sessions that...
Technical Analysis and Outlook The Euro Dollar finished higher on Thursday session as it consolidates much of the declines off Sept high. The higher range close establishes the stage for transforming from bearish to neutral signaling that sideways to mildly higher prices are likely to occur in near term. First Mean Resistance has developed at 1.1606 ; the...
Technical Analysis and Outlook Gold advanced very aggressively towards Gold Rally $1217 , challenging the Key Resistance $1214 , and a closure above this price level would warn of a next Key Resistance $1232 and Gold Rally of $1248 .
Technical Analysis and Outlook Eurozone caught a lot of the lowers into their closing, so let us just focus on changes for the German DAX main Index which plummeted by 2.1%. DAX taking out of the Mean Support 11957 , Index Dip 11856 , Key Support 11788 , and Yearly Low 11726 was in a line of Trade Selector Signal projection - as one were to expect...
Technical Analysis and Outlook Japanese stocks concluded trading session positive on Oct 10, with the Yen currency holding onto the previous day's advance; however, it was only once the wall street opened did the fun begin for the trading day. Today Oct 11 Nikkei Index did react with a negative bias as one were to expect by plunging 315 points or (-3.89%). The...
Technical Analysis and Outlook The NASDAQ Index plummeted 316 points or (-4.1%) to 7422, blasting through major Key Support 7194 level deriving mainly from the technology sector. The technology Index was pealing off from its Index Rally 7680 completion printed on Aug 30, All-Time High 7700.50 , and Key Resistance 7660 . Currently, we see Leg 2...
Technical Analysis and Outlook Well, yesterday the S&P500 Index dropped an astonishing 95 points or (-3.29%) and in completing this task blasted through that Key Support 2872 level. The Index was coming off from its All-Time High 2941 and Index Rally 2940 completion printed on Sept 21, ultimately found a very bearish market coming from the technology...
Technical Implications and Outlook We saw the DJI off 800 points lower (-3.15%) the nastiest seen ever since February this year. The Index was coming off from its All-Time High and Index Rally completion printed on Oct 3, ultimately found a very bearish market. Attention-grabbing has been 'Interest Rates' which has been contributed by the technology sector and...
Implications and Outlook: The breakdown of the current Mean Support 11957 in progress may now seem to cause an immediate plunge towards Key Support 11788 , and Yearly Low 11726 before eventually rebounding to retest Mean Resistance 12170 on short to a medium-term uptrend, while outer Index Dip is looming way down at 11213.
Commodity Analysis, Implications and Outlook WTI crude oil likewise lost ground yesterday in the middle of the ongoing sell-off, however, the crude oil futures contract continues to stay below $75 per barrel price level as well as the July low, jeopardizing an unsuccessful break-out reversal to Key Resistance $76.20 . Crude oil performed fairly well in the face...
Implications and Outlook As you can see on the chart small-scale and commercial speculators are net long price action between Mean Support $1183 and Mean Resistance $1207 . Therefore the large speculators (i.e., hedge funds) are short Gold futures contracts in record volumes even though the scale of the bar seems to be trivial. Gold sentiment is without a...
Implications and Outlook The Nasdaq has elevated the focal point on Wall Street once again, as the technology benchmark continuously guide the selloff in technology securities. The Nasdaq index hit a 2-month low on Monday trading session, sinking below previous week’s low price. Even though the fear-index remains to be below the 20 level, which happens to be in...
Implications and Outlook Seeing the DJI off 200 points coming off from its high, we ultimately found a favorable market close. Attention-grabbing was that utilities had found excellent support level at that time, while we see quite a few profits taking in technology as well as real estate relatives. Observe Step 3 in progress.