Daily S+P 500 Line/Break Chart shows an important sell signal
would be trigured on a close below S+P 2810.62
The Fed highlighted at their March meeting yesterday the growing softening in world and US economic conditions,
by remarkably saying that there would be no further interest rates increases for the balance of 2019.
The complete turn around in Fed posture...
Apple AAPL has a worldwide media event planned next Monday March 25,
to announce a steaming platform for original movie' content, as well as a new "Apple News"
a platform for worldwide newspaper distribution, including the rumoured participation of the" Wall Street Journal".
Monthly Line/ Break Chart shows that Apple is very close to reversing a multi-month...
Remember when you picked up the afternoon newspaper,
after work to see how well your stocks did that day
Remember when market movement meant prices were being determined
by actual humans and not robotic computerized programed machines.
Remember when you had to swallow hard to get up the courage to ask
the most attractive girl at your school out for a date at the...
Dow Theory principal of market analysis rests on the premise
that the Industrial Average,Transportation Average, and Utility Average
should all be in gear together in a confirming signal of unison
about both the markets and the economy's state of health.
If one index diverges from the others, and it persists for a while, it is a notable warning sign that...
Fed Ex FDX released earnings after the closing bell this afternoon,
and the stock immediately dropped 5 % to 172.50 in after hours trading
on the companies forecast of markedly slower world demand for shipping in 2019.
It is most interesting to note that Fed Ex stock peaked at 275 a share
way back in Jan.2018,and has been falling almost straight down ever...
QQQ has rallied impressively, and is a market leader
on the back of the Nasdaq technology stocks.
Daily "Line Break" Chart shows strong bullish uptrend in place.
Sell Signal on QQQ would be given, on a Close below the March 8,2019
Line /Break Low at 171.17
Requested Analysis by the gifted Trader Lucy F 2492
Daily SQQQ "Line Break" Chart shows a meaningful break
of important pattern support of the August 2018 Low of 11.08 Close.
SQQQ chart pattern is now in "break down fall away" mode,
underneath bullish trend line support, and currently bearish in interpretation.
Nasdaq 100 has shown the highest reletive strength , of all indices,
as the tech heavy Nasdaq 100...
"Line Break" Daily Chart Resisrance at Dow 26091 has repelled today's advance,
and turned program traders into large sellers this afternoon.
Intra Day Buy Spike to 26109, was met with big money/program trade selling,
which promptly dropped the Dow 187 points, in just 30 minutes.
Continue to watch Dow 26091,
should any new rallies attempt to breach that...
Market advance from the massive breakdown/shakeout bottom low of 2346
continues unabated,with the most recent breakout above 2820 being substantiated this week.
Nothing is stopping this market advance, and to be anything but LONG is cause for almost ridicule and scorn.
I mean if you can't catch on,.. that your're on the wrong side of the market by being short,.....
Over the weekend, Ethiopean transportation officials
confirmed "simularities" between the 2 fatal 737 Max flights
that crashed in the last 6 months killing nearly 400 human lives.
In addition legal lawsuits have already been filed against the aircraft maker,
last week,revolving around the certification safety process filed to the FAA by Boeing.
The Federal Reserve Bank of the US meeting this week,
will highlight important price changes in interest rates.
10 Year Yield's TNX as shown
are currently on a Red Bar Breakdown,on the Line/Break Chart
in advance of this important policy meeting by the Fed.
Analysis shows that a break of very important chart support at 255.4 %,
would immediately target an...
India's stock market bottomed in Oct 2018,
almost two months prior to major indices bottoming in the US,
and is leading country in the 2019 price advance in world markets.
I was asked by Trader sumeetlunia here on tradingview.com
to use the "Line Break" charting method of closing price measurement
to analyse the NIFTY,the 50 stock Index for the Indian stock...
This weeks strong rally in the Dow Jones Industrial Average
has reversed the Daily Bar Trend decline shown on the "Line Break" Chart,
giving a Short Term Buy Signal, as shown with the latest Green Bar on the chart.
Important Resistance is now at Dow 26091.
Price could thus rally an additional 250 points,
and still be in a Bearish "Snap Back mode in the...
S+P 500 has closed above 2810 on 3/15/19, the high of the Feb 2018 Weekly Red Bar,
shown here on a Line Break Chart,thus rendering a Weekly Buy Signal.
Japanese" Line Break" charts disregard time,
and instead simply use closing price only, in green/red Buy/Sell bars to determine trend.
it's revealing to note that the Daily Opening Price on 3/15/19 was at...
There was significant capitulation in the market today,on the mid-day breakout above S+P 2820.
Capitulation means that unrealized paper loses from short trades
made from last weeks low at 2722 and up
were covered in mass today on the breakout to 2830 high.
Chande Momentum Indicator showh here,shows the intra-day peak in momentum
and then the immediate sell off,...
The market refuses to go down,
which is causing true believers to do one or two things right now.
Either hang in there, believing that future buyers will lift price past major resistance at 2817,
and then it's onward and upward from there.
or the new buyers are being made to pay up and buy at 2800 resistance,
because price is not dropping enough for a decent...
The wire to wire short covering rally in the S+P
served its purpose today, however brutally painful
it may have been for some bears who showed up for battle today.
Shown here on the 60 minute chart,
today's rally has again carved out the makings of a textbook
signature right shouler, to a Head And Shoulder's Reversal Pattern.
Major resistance remains above at...
Boeing has been one of the stock market's strongest stocks
of the past 10 year bull market, rising from 25 to 450 a share.
Over the weekend, tragically, a Boeing 737 Max Aircraft,
with 189 human lives crashed almost immediately after takeoff,
the plane diving straight down into the ground,
the second deadly crash like this in the last 6 months
Their is rife...