The S&P 500 has created a nice launch pad for a very strong rally in March. China bottomed (1), Oil double bottomed (2) and on the S&P 500 daily chart the MACD histogram is bullish , as well as the Vortex trend and the SMA 14. and many other indicators. Entry: Below 1940 (current close around 1930-1935) 1. Target: 1970 2. Target: 2014 3. Target: 2060 Stop...
Here is a optimistic view of the market. There are many potential prices this market could soon bounce off for some time or even bottom on - ideally the oil price also reaches a bottom around the same time. Support levels: 2949 2912 2888 2849 2806 Interestingly the RSI with period 20 has right now a value of exactly 50.05, which also means a...
The most painful part of the short squeeze may be yet to come. Because Mario Draghi positively surprised more than the market expected and impressed with a big move by cutting the main refinancing rate to 0.0 percent and rather than buying only eurozone government bonds the ECB is extending its monthly asset purchases to bonds issued by non-bank...
The rally has found a peak and has problems to stay in high altitude. My recommendation is to sell Ethereum and wait for a new lower entry in a few weeks. Daily candle spells doom CCI shows a bearish overbought signal The ETH price is up many hundred percent in a very short time to name just three arguments to sell. Starting at 0.015 BTC down to 0.010 BTC...
One month ago I outlined the potential scenario of a rally nearing the next Fed meeting in March 2016. This rally has emerged and now the risk of the reversal is growing: Reasons: The "S&P 500": closed right below 2,000 points and not above it at 1,999.91 points is at the top of the channel of both the last 50 and 100 days is very near the EMA 200 is...
I discovered that these three simple moving average period lengths had some interesting values in combination with yesterday's close: 1924.48 (SMA 41) = near 1925 1950.69 (SMA 53) = near 1950 1975.01 (SMA 65) = near 1975 On the chart the bars are colored green if the close is above all these three moving averages and red if the close is below them. If...
Idea: Buy the dips after the current crash. A gap closing rally until March 2016 is in the cards, similar strong as in October 2015 possible (due to a short squeeze from TV media driven panic bottom shorters and a fake rally driven by large investors trying to close underwater long positions at break even). Entry: 2nd or 3rd week of January 2016, wherever the...
After falling lower since May 2015 the S&P 500 found a little bit of support above 1800 points. For bulls to be able to continue the overall uptrend it soon needs to move beyond and hold the 1968-1970 area to continue the overall uptrend since 2009. Otherwise the market will crash down very hard to the next support level which is around 1635 points. If it falls...
Tuesday Morning Corp. (NASDAQ: TUES) had a rough year 2015. In early 2016 the stock appears to have found a bottom. The Chaikin Money Flow indicator shows growing accumulation (buyers) and the price broke recently above the descending triangle. The stock is nearing the SMA 200 (red line) from below and should breakout much higher once it's back above the SMA 200....
The market is still very choppy, but slowly the large downtrend of January is slowing down with China finding a bottom region as well as CrudeOil (see related charts). I see a last re-test of the bottom with the price going towards 1900. Then the way how the market reacts to this potential decline will decide the overall direction of the next months of the year...
The "S&P 500" rallied so strong with a 1% daily gain four consecutive trading sessions in a row for only 15 times since the "S&P 500" exists according to Bloomberg. The Connors RSI also shows a very high value, last seen last October. And the current trading day (Wednesday) closed at the highs of the session, which will create pivot points which be difficult to...
The S&P 500 has created a nice launch pad for a strong rally this week. China bottomed (1), Oil double bottomed (2) and on the S&P 500 daily chart the MACD histogram is bullish, as well as the Aroon and the Vortex trend and the SMA 14. Entry: Below 1900 (current close around 1890) 1. Target: 1970 2. Target: 2014 3. Target: 2060 Stop loss: 1850 (1) (2)
After the oil news that OPEC members are said to be ready to cooperate on a cut, according to the UAE Energy Minister (1) the S&P 500 bounced of the lows of the very low intra-day lows. This might lead to a larger (dead cat) bounce, if this oil news has any substance - or not. Because the S&P 500 has been following the oil price very closely in recent...
The bears are crashing the market in absence of any bad macro chart situations which previously dragged the S&P 500 down. China has spend billions to get a bottom into the Chinese market (1) before the Chinese New Year, but the EU and US markets don't care anymore and seem to want doom as soon as possible now. This can cause China to break the bottom next week...
A slow moving average shows that the all-time Bitcoin uptrend broke this year. If this turns out to be true the next long-term support is at 400-500 CNY, which is the bottom price area oft the year 2013. The RSI trend also shows that the price was not able to make a new higher high compared to 2014 and stayed below the red line at value of 60-61 (peak of 2016 so...
After days of accumulation I see a bounce of the stock market with the oil prices recovering from the lowest lows and China slowly calming down. Entry: Below 1900, currently possible in the cash market at 1890 1. Target: 1933 2. Target: 1965 3. Target: 2000 Stop loss: 1855
The Bitcoin price is at a decision area on the monthly chart between going back into the old uptrend channel from the year 2012 and earlier or falling back into the downtrend channel which started in November-December 2013 with the burst of the bubble and the fall of the MtGox exchange. Breakout: Above 3350 CNY Breakdown: Below 2000 CNY The risk of a downtrend...
Summary: Buy stocks in the year 2020-2022 with sell target 25000 in the year 2026 The trend trajectory for the DOW Industrial index is starting to get very bearish in the year 2017 at the latest. A time when Donald Trump might have become the next US president, which would strongly influence the world history. After a sharp three year decline of the stock...