#BTC We continue to move sideways, watching the market. Further definition of the trend (upward or downward) and overcoming local support or resistance to determine a strategy for further trade (open long or short). At the moment it is better to watch.
This custom Market Cap Index is something I used to gauge market conditions and capability with regards to trends, peaks, bottoms and more. You can see that is ranges price volatility quite well and allows me to see what the market is capable of doing over the next few weeks and months. Right now, the US stock markets have quite a bit of upside price range to...
US Equities markets are finding support with relatively strong Q2 earnings. This SPY chart shows what I believe is the critical support zone. Watch for capital to migrate away from certain growth sectors and into more value/dividend sectors as capital is searching for a safe location to avoid contagion issues arising from global debt/credit concerns. Expect the...
Don't expect the US markets to react too harshly to FB and TWTR news this week. This custom US Index is showing overall trend strength and support as prices continue to accelerate upward. The earnings concerns of a few stocks may not have much of a downward effect on the markets throughout the next few weeks. These are just isolated events. As my friend used...