US Financial Market Chart Book for February/March February 23, 2012
|
|
- Louisa Walters
- 5 years ago
- Views:
Transcription
1 US Financial Market Chart Book for February/March 2012 February 23, 2012
2 US Financial Market Chart Book Executive Summary: February 23 rd 2012 U.S. Stocks: The benchmark S&P 500 and bellwether Dow Jones Industrial Average are currently testing overhead resistance at their 2011 highs. This major resistance, combined with extremes in investor sentiment, historically low volatility, Dow Theory, overbought conditions, extremes in market breadth, and 54 years of seasonality data warn of the market s vulnerability to an upcoming decline before it moves appreciably higher. However, a number of more intermediate to long term market factors including the magnitude of the 2009 advance in the Dow Industrials, plus current intermarket relationships with US Dollar/Canadian Dollar (USDCAD) and the Paris CAC 40 Index, suggest that this upcoming decline is more likely to be corrective and temporary rather than directional and sustainable. US Market Sectors: Favorable conditions exist for upcoming relative underperformance by the Industrials Sector, which indirectly corroborates our expectations for an upcoming US broad market decline due to the positive correlation between Industrials and the Dow Jones Transportation Index. US Interest Rates: Both price and yield based chart patterns suggest that at least an intermediate term rise is emerging in long term US interest rates, one that targets an eventual +70 bps rise to 3.85% in US 30 year yields. 2
3 Price & Trend (1): S&P 500, Dow Industrials Vulnerable To At Least A Correction The S&P 500 met its December target and is now testing its 2001 highs. Both suggest the likelihood of an upcoming decline. Even though the Dow Industrials have slightly broken their 2011 highs, the index is equally vulnerable to at least a correction. 3
4 Price & Trend (2): Corrections Aside, Bigger Picture looks Bullish also represents major resistance from a long term perspective. Even more reason to expect a decline. However, the Dow is already edging above its corresponding resistance area which suggests more eventual strength. 4
5 Intermarket (1): More Weakness in USDCAD Indirectly Suggests More Intermediate Term Strength In US Stocks Dollar/Canada has maintained a tight and stable inverse correlation to the S&P 500 since Per the correlation, more upcoming weakness in USDCAD indirectly suggests more intermediate term strength in SPX. 5
6 Intermarket (2): More Upcoming Strength In Europe Is Bullish For The US The Paris CAC 40 has maintained a tight and stable long term positive correlation to the S&P 500. Per the correlation, another 10% advance in the CAC 40 is also intermediate term bullish for the US market. 6
7 Investor Sentiment: Near Term Negative, Intermediate Term Positive Investor assets pouring out of the money market has historically coincided with near term stock market peaks. However, intermediate term oriented futures traders have not reached most bullish extremes, suggesting that the current advance is uncompleted. 7
8 Market Volatility: Historically Low VIX Is Near To Intermediate Term Negative For Stocks The VIX is has recently declined to 16.00, indicating an historic extreme in investor complacency that has previously coincided with or led the most important peaks in the S&P 500 in recent history. 8
9 Dow Theory: Non Confirmation of New February Highs In DJIA By DJT Is Bearish So far the Dow Transports have not confirmed the recent new high in the Dow Industrials. Note that a similar non confirmation in July 2011 led the sharp decline by both indexes into the October lows. 9
10 Overbought/Oversold: Near Term Negative, Intermediate Term Positive for Stocks The monthly rate of change in SPX is hovering at overbought extremes that have historically coincided with or led near term US stock market declines. However, SPX is still working off August quarterly oversold extremes which suggests that the October intermediate term market advance is not yet competed. 10
11 Market Breadth: Near Term Negative, Intermediate Term Positive For Stocks Near term breadth in the SOX Index has reached frothy extremes that has historically been coincident with minor market peaks. However, intermediate term breadth is still rising from September washed out extremes, suggesting that the larger advance is uncompleted. 11
12 Relative Performance (1): Market-Leading Technology Stocks Vulnerable To Upcoming Relative Underperformance & Outright Weakness NDX has become overbought versus the S&P 500 and thus vulnerable to upcoming relative underperformance. Meanwhile, the Technology Sector ETF is testing major resistance at its 2007 high, which is also near term bearish. 12
13 Relative Performance (2): Semiconductors Also Vulnerable To Underperformance, And Have Not Yet Confirmed Recent Broad Market Strength PHLX Semiconductor Index is overbought versus the S&P 500 and vulnerable to upcoming relative underperformance. Unless the SOX confirms recent US broad market strength, the result could be another sharp decline like the one in
14 Seasonality: February Weakness Leads Into March/April Strength February weakness is followed by escalating seasonal strength during March and April. The second to last week of February and the first week of March are the 1 st and 3 rd seasonally weakest of the entire 1 st Quarter. 14
15 Sectors Industrials (1): We Closed Out Our September Call For Outperformance On Feb 13 th. We closed out our Sep 2011 call for relative outperformance by Industrials on Feb 13 th. During that period Industrials outperformed the S&P 500 by +7%. Per the correlation, any upcoming relative underperformance by Industrials should coincide with a decline in DJT. 15
16 Sectors Industrials (2): Watch For At Least Some Near Term Weakness Due To Overbought Extremes While Initial Targets Have Been Met Industrials have become overbought versus the S&P 500, which has historically led to relative sector underperformance. In addition, the Industrials Sector SPDR ETF has met our January target of 37.50, which warns of some upcoming profit taking. 16
17 US Interest Rates Chart Patterns: Suggest Upcoming Rise In Long Term US Rates Amid Declining Prices The recent breakdown in ishares 20+ Year Treasury Bond Fund targets at least an 11% decline to The recent breakout in the CBOE 30 year T Bond Index suggests an upcoming +70 bps rise in these yields, to 3.85%. 17
18 US Interest Rates US 10 Year Yields: A Rise Above 2.08% Would Clear The Way For A Move To 2.41% Benchmark US interest rates remain at 110 year lows. The last time 10 year yields were this low was in A rise above 2.08% in the 10 Year clears the way for a retest of 2.41%. A rise above 2.41% clears the way for a move to 3.25%. 18
19 Contact Us: Phone: info@asburyresearch.com On The Web: Logic Over Emotion Investing blog: IM: (AIM, Yahoo, MSN): asburyresearch
Monthly Investment Compass Charting The Course Of The Markets
Monthly Investment Compass Charting The Course Of The Markets September 21st, 2017 Monthly Investment Compass 1) Executive Summary: September 21 st, 2017 U.S. Stock Market: Virtually all of our near term
More informationMonthly Investment Compass Charting The Course Of The Markets
Monthly Investment Compass Charting The Course Of The Markets November 11 th, 2017 Monthly Investment Compass 1) Executive Summary: November 11 th, 2017 U.S. Stock Market: Unmet upside targets in several
More informationMonthly Investment Compass Charting The Course Of The Markets
Monthly Investment Compass Charting The Course Of The Markets April 22 nd, 2016 Monthly Investment Compass Executive Summary: April 22 nd 2016 U.S. Stock Market: The most important takeaway from the latest
More informationMonthly Investment Compass Charting The Course Of The Markets
Monthly Investment Compass Charting The Course Of The Markets January 12 th, 2017 Monthly Investment Compass Executive Summary: January 12 th 2017 U.S. Stock Market: A number of near term metrics warn
More informationUS Financial Market Update for March Prepared for the Market Technicians Association
US Financial Market Update for March 2016 Prepared for the Market Technicians Association March 16 th, 2016 About Asbury Research Research, Methodology & Clientele Our Research: Asbury Research, established
More informationAsbury Research s US Investment Analysis: A Review of Q Prepared for Interactive Brokers
Asbury Research s US Investment Analysis: A Review of Q1 2016 Prepared for Interactive Brokers April 14 th. 2016 About Asbury Research Research, Methodology & Clientele Our Research: Asbury Research, established
More informationInvesting During The Trump Administration: Opportunity & Danger
Investing During The Trump Administration: Opportunity & Danger Prepared for the Los Angeles Chapter of the American Association of Individual Investors (AAII ) June 17 th, 2017 About Asbury Research John
More informationTechnical Analysis. Weekly Comment. Global. Sell Signal in MSCI World EUR Testing Key Support! Equities Sales Trading Commentary
h Technical Analysis Weekly Comment Equities Sales Trading Commentary Global Michael Riesner Marc Müller 10/04/2012 michael.riesner@ubs.com marc.mueller@ubs.com +41-44-239 1676 +41-44-239 1789 Sell Signal
More informationThe Year Ahead
The Year Ahead - 2014 January 9, 2014 by Mark Ungewitter of Charter Trust Company In the spirit of year-end prognostication, here s my annual review of secular trends and historic behaviors that are likely
More informationThe sideways churn in the major U.S. Stock indexes since late March continues. We have a lot of new members that have
May 17, 2016 Dear Members, The sideways churn in the major U.S. Stock indexes since late March continues. We have a lot of new members that have recently joined us in the past couple of months. For you
More informationWeekly outlook for Nov. 27 Dec
Weekly outlook for Nov. 27 Dec. 1 2017 Summary For the ES we expect a minor pullback in the early part of the week, followed by a rally into the weekly close. There are four option expirations this week
More informationWeekly technical analysis chart pack 6 th October 2014 James Brodie Chartered Market Technician
Weekly technical analysis chart pack 6 th October 2014 James Brodie Chartered Market Technician There are now increasing concerns facing the long term bull trends in the U.S. equity markets. Three key
More informationMartin Pring s. Weekly InfoMovie Report. December 19, 2012
Martin Pring s Weekly InfoMovie Report December 19, 2012 Issue 1027 Merry Christmas to All! And may 2013 bring joyous Blessings and your Family know Joy and Peace! The Pring Family ~ 2012 Weekly InfoMovie
More informationTechnical Analysis. Weekly Comment. Global. Wave 5 in SPX Underway Don t Chase USDJPY! Equities Sales Trading Commentary
h Technical Analysis Weekly Comment Equities Sales Trading Commentary Global Michael Riesner Marc Müller 12/03/2013 michael.riesner@ubs.com marc.mueller@ubs.com +41-44-239 1676 +41-44-239 1789 Wave 5 in
More informationBTIG Technical Strategy Year-End Chart Book December 2014
BTIG Technical Strategy Year-End Chart Book December 2014 This year has been one for the technicians - trends and momentum have dominated conversations about the markets, and for good reason. The following
More informationHEIKIN-ASHI TRENDS NEWSLETTER
HEIKIN-ASHI TRENDS NEWSLETTER INDEXES EQUITIES FOREX CRYPTOCURRENCIES #227 05.13.2018 EDUCOFIN 2013-2018. ALL RIGHTS RESERVED 25% DISCOUNT BE YOUR MASTER, A HEIKIN-ASHI MASTER. ORDER BOTH HEIKIN-ASHI TRADING
More informationWeekly Market Summary
Weekly Market Summary August 18, 2015 by Urban Carmel of The Fat Pitch US equities had two opportunities to kick off a rally this week. Neither had much follow through. On Monday, positive breadth was
More informationChart 2: Long-term valuation metrics suggest US stocks to be highly valued.
November 19th, 2018 1 This is provided for informational purposes only and should not be considered a recommendation to buy or sell a particular security. Past performance is no guarantee of future returns.
More informationStock Market Report Review
January 7, 25 Stock Market Report - 24 Review Market Analysis for Period Ending Friday, December 31, 24 This document presents technical and fundamental analysis commonly used by investment professionals
More informationWeekly Market Summary
Weekly Market Summary June 17, 2017 by Urban Carmel of The Fat Pitch Summary: Most of the US indices made new all-time highs this week. SPY is making 'higher highs' and 'higher lows' and is above all of
More informationTechnical Analysis. Technical Outlook Global. Boom and Bust SPX Trades in Wave 5. Equities Sales Trading Commentary
h Equities Sales Trading Commentary Technical Analysis Technical Outlook 2017 Global Michael Riesner Marc Müller 03/01/2017 michael.riesner@ubs.com marc.mueller@ubs.com +41-44-239 1676 +41-44-239 1789
More informationSummation Index High Accuracy Indicator
In my trading experience one of the most reliable stock market timing indicators is the Summation Index which is a market breadth indicator. The Summation Index measures the number of advancing stocks
More informationIntelligent Investing, LLC Major Indices Daily Update 02/26/ 19
Elliot Wave Updates Yesterday I found a move below last Friday s high (SPX2794.20) will be a first sign of lower prices as then the decline can t be a 4 th wave because 4 th and 1 st waves can t overlap
More informationWeekly outlook for June 5 June
Weekly outlook for June 5 June 9 2017 TREND DIRECTION S&P 500 Oil Gold Short Term Intermediate-Term Long Term Weak buy buy neutral neutral sell buy buy buy Summary The S&P500 index is expected to hold
More informationMichael Riesner Marc Müller 23/05/2017. These are sales views based on Technical Analysis. They do not represent the UBS House View.
h Equities Sales Trading Commentary Technical Analysis Weekly Comment Global Michael Riesner Marc Müller 23/05/2017 michael.riesner@ubs.com marc.mueller@ubs.com +41-44-239 1676 +41-44-239 1789 These are
More informationHomework Assignment #1 - Based on the MTAEF Glossary of Technical Terms
Homework Assignment #1 - Based on the MTAEF Glossary of Technical Terms Each block of 3 question is preceded by 5 technical terms. Fill in the blank and make the statement complete. There is only one correct
More informationMarket Observations - as of Sep 7, 2018
Market Observations - as of Sep 7, 2018 By Carl Jorgensen - For Objective Traders - For educational purposes only. Not Financial Advice. Last week we saw a strong and broad rally to new all time highs
More informationTechnical Analysis Workshop Series. Session 11 Semester 2 Week 5 Oscillators Part 2
Technical Analysis Workshop Series Session 11 Semester 2 Week 5 Oscillators Part 2 DISCLOSURES & DISCLAIMERS This research material has been prepared by NUS Invest. NUS Invest specifically prohibits the
More informationFigure 1. SPX 60 min & NAS 1-min chart.
BINGO!? Today we reached the ideal SPX2625 target to the T (SPX2625.76) for wave-a. There s now negative divergence again on the hourly RSI5 and the hourly MACD (see Fig 1), while the daily indicators
More informationGlobal Technical Strategy Breakout Confirmed
Strategy February 22, 2015 Katie Stockton, CMT (212) 527-3568 kstockton@btig.com Technical Strategy Global Technical Strategy Breakout Confirmed The S&P 500 Index (SPX, 2110.30) confirmed its breakout
More informationMARKET REVIEW - DECEMBER
Defying Gravity Stocks continue to climb 'Wall of Worry'. December 1, 2009 ON THE EDGE MARKET REVIEW - DECEMBER 2009 Following a lackluster October, stocks showed marked improvement during November despite
More informationMartin Pring s. Weekly InfoMovie Report. December 27, Happy New Year to Our Wonderful Subcriber Family! May 2013 be Prosperous and Productive!
Martin Pring s Weekly InfoMovie Report December 27, 2012 Issue 1028 Happy New Year to Our Wonderful Subcriber Family! May 2013 be Prosperous and Productive! The Pring Family ~ 2012 Weekly InfoMovie Report
More informationRAYMOND JAMES RAYMOND JAMES. -Technical Chart Book -
Technical Strategy Team - Technical Chart Book RAYMOND JAMES -Technical Chart Book - Providing Investors with timely data and technical observations on a broad spectrum of asset classes. Portfolio & Technical
More informationWeekly Market Summary
Weekly Market Summary October 12, 2014 by Urban Carmel of The Fat Pitch SPX has gone 686 days without touching its 200-dma. This is the longest stretch in history. On Friday, after a 3% fall during the
More informationTMT Deep Dive 2/20/2017
60 Deep Dive 2/20/2017 Technology continues its surge as absolute and relative prices reach new highs on a cap, equal weight, and global basis. Tech remains our top ranked sector however, our sector rankings
More informationTechnical Analysis. Weekly Comment. Global. SPX Overbought Relief Rally in Europe!! Equities Sales Trading Commentary
h Technical Analysis Equities Sales Trading Commentary Weekly Comment Global Michael Riesner Marc Müller 03/07/2012 michael.riesner@ubs.com marc.mueller@ubs.com +41-44-239 1676 +41-44-239 1789 SPX Overbought
More information1 st December Technical Analysis
1 st December Technical Analysis Market Breadth: It s been three weeks since we did a proprietary report on market breadth. When we last looked the sp500 was at 1760 having bounced and was close to scoring
More informationPRESENTS CHARTING MADE EASY ALL TRADING INFORMATION REVEALED
PRESENTS CHARTING MADE EASY ALL TRADING INFORMATION REVEALED 1 INTRODUCTION Over the years, investors have developed literally, hundred thousand of different technical market indicators in their efforts
More informationStock Market Report. January 26, 2005
January 26, 25 Stock Market Report Market Analysis for Period Ending Friday, January 21, 25 This document presents technical and fundamental analysis commonly used by investment professionals to interpret
More informationCycle Turn Indicator Direction and Swing Summary. of Select Markets as of the close on. November 16, Daily CTI. Swing
Cycle Turn Indicator Direction and Swing Summary of Select Markets as of the close on November 16, 2018 Market Daily CTI Daily Swing Weekly CTI Weekly Swing Industrial Negative Low Negative High Transports
More informationClass 7: Moving Averages & Indicators. Quick Review
Today s Class Moving Averages Class 7: Moving Averages & Indicators 3 Key Ways to use Moving Averages Intro To Indicators 2 Indicators Strength of Lines Quick Review Great for establishing point of Support
More informationWeekly outlook for April 23, 2018
Weekly outlook for April 23, 2018 Summary The S&P 500 index is expected to go down further if price stays below the 2700 level. A weekly doji candle formed on the intermediate-term chart, and the short-term
More informationb/ii c/iii b/ii b/ii Figure 1. SPX 60-min chart. NAS 1-min chart.
On Monday I concluded Above SPX2690 opens the door for major-a having completed and major-b to SPX2800s is underway. Yesterday I then found that the recent SPX2631 low is an unusual point for a bottom
More informationThe very first calculations for average gain and average loss are simple 14- period averages.
Introduction Developed by J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally,
More informationSPX Top in Place Deflationary Pressure Building! Due to traveling, the next regular weekly comment will be published on July 9 th.
h Technical Analysis Weekly Comment Equities Sales Trading Commentary Global Michael Riesner Marc Müller 25/06/2013 michael.riesner@ubs.com marc.mueller@ubs.com +41-44-239 1676 +41-44-239 1789 SPX Top
More informationPlan of Attack... Page 2 ETF Watch... Page 4 Model Portfolio... Page 8
TABLE OF CONTENTS Market Background... Page 1 Plan of Attack... Page 2 ETF Watch... Page 4 Model Portfolio... Page 8 Market Background After a short holiday week that was much more difficult to navigate
More informationLara s Weekly. S&P500 + GOLD + USOIL Elliott Wave & Technical Analysis. Lara Iriarte CMT 23 February, 2018
Lara s Weekly S&P500 + GOLD + USOIL Elliott Wave & Technical Analysis Lara Iriarte CMT 23 February, 2018 S&P 500 Contents S&P 500 GOLD USOIL About Disclaimer 3 18 36 48 48 S&P 500 S&P 500 Upwards movement
More informationTechnical Strategy. Q1 Dollar top as the basis for a sharp correction
2017 Chart 38. ) DXY with Advance/Decline Line (20 Key Dollar Pairs) Chart 39. ) US Dollar with Presidential Cycle Tactically, we have been bullish US dollar since the May 2016 bottom, which is the base
More informationStock Market Report. December 08, 2004
December 8, 24 Stock Market Report Market Analysis for Period Ending Friday, December 3, 24 This document presents technical and fundamental analysis commonly used by investment professionals to interpret
More informationStock Market Report. August 2, 2006
August 2, 26 Stock Market Report Market Analysis for Period Ending Friday, July 28, 26 This document presents technical and fundamental analysis commonly used by investment professionals to interpret direction
More informationHEIKIN-ASHI NEWSLETTER
HEIKIN-ASHI NEWSLETTER A WEEKLY SUMMARY FOR HEIKIN-ASHI AFICIONADOS Issue 96 January 12, 2014 Site: www.educofin.com Blog: http://heikinashi.wordpress.com Heikin-Ashi Book: http://www.educofin.com/heikinashi-book.htm
More informationNov 7 th, 2010 By: Chris Vermeulen. SPX s Running Correction, Gold Shines, Cup of Oil Breaks Out!
Nov 7 th, 2010 By: Chris Vermeulen SPX s Running Correction, Gold Shines, Cup of Oil Breaks Out! The financial markets continue to climb the wall of worry on the back of more Fed Quantitative Easing. Those
More informationCanadian Technical Comment
October 15 2017 TSX: Shift to defense underway as near-term pullback looms Summary Recommendation: For long-term investment managers with cash on hand, we would wait for a short-term (2-4 week) corrective
More informationUsing Acceleration Bands and Williams %R
Price Headley s Simple Trading System for Stock, ETF & Option Traders Using Acceleration Bands and Williams %R How Technical Indicators Can Help You Find the Big Trends For option traders, correctly forecasting
More informationThe Technical Portfolio
Volume 18 Monthly Return Comparison Regular Portfolio +2.73% Aggressive Portfolio +2.68% S&P 500 +1.69% Dow Jones Industrial Average -0.13% Nasdaq Composite +2.89% Russell 2000-1.00% March 17, 2019 The
More informationLast Gasp in the Dollar. Market Update May 18, Seattle Technical Advisors
SeattleTA provides investment managers with technical analysis of the equity, fixed-income, commodity, and currency markets. While equities are expected to take a hit this week, the big news is expected
More informationWalter Murphy s Insights Short Term Review
Walter Murphy s Insights Short Term Review Strategic Analysis for the Serious Investor Walter G. Murphy, Jr., CFA WMinsights.com February 17, 2014 Plain English US Equities: It is entirely possible that
More informationStock Market Report. January 21, 2004
January 21, 24 Stock Market Report Market Analysis for Period Ending Friday, January 16, 24 This document presents technical and fundamental analysis commonly used by investment professionals to interpret
More informationBUSINESS CYCLES, MARKET CYCLES, AND STOCK SECTORS
WELCOME! BUSINESS CYCLES, MARKET CYCLES, AND STOCK SECTORS George Dagnino, PhD The Peter Dag Portfolio www.peterdag.com peterdag.blogspot.com OUTLINE BUSINESS CYCLE OUTLOOK SECTORS FOR A STRONG AND WEAK
More informationTechnical Indicators
Taken From: Technical Analysis of the Financial Markets A Comprehensive Guide to Trading Methods & Applications John Murphy, New York Institute of Finance, Published 1999 Technical Indicators Technical
More informationTHE RELATIVE STRENGTH CONCEPT APPLIED TO SECTOR INDICES
THE RELATIVE STRENGTH CONCEPT APPLIED TO SECTOR INDICES An Illustration with the DJ Stoxx 600 Index Yann CORDIER, CFTe, MFTA AXA Investment Managers London, 10/03/2015 OUTLINE The concept and power of
More informationTechnical Analysis. Weekly Comment. Global. SPX Pullback Into February German Bund on the Edge! Equities Sales Trading Commentary
h Equities Sales Trading Commentary Technical Analysis Weekly Comment Global Michael Riesner Marc Müller 30/01/2018 michael.riesner@ubs.com marc.mueller@ubs.com +41-44-239 1676 +41-44-239 1789 SPX Pullback
More informationLeadership Continues To Test Support
Leadership Continues To Test Support I am going to continue to highlight the pattern of the leader off the 2009 low (Semiconductors) until a breakout of 2000 highs or a breakdown of 2-year rising support
More informationIdentifying Probable Market Direction
Identifying Probable Market Direction Indicators for Market Direction Reversal Indicators The following are great for determining market turns on an index: 1. MACD-Hist(12,26,9) 2. RSI(7) 3. EWI(7,3,5)
More informationCycle Turn Indicator Direction and Swing Summary. of Select Markets as of the close on. October 5, 2017
Cycle Turn Indicator Direction and Swing Summary of Select Markets as of the close on October 5, 2017 Market Daily CTI Daily Swing Weekly CTI Weekly Swing Industrial Positive Low Positive Low Transports
More informationTop Down Analysis Success Demands Singleness of Purpose
Chapter 9 Top Down Analysis Success Demands Singleness of Purpose Armed with a little knowledge about the stock and options market as well as a desire to trade, many new traders are faced with the daunting
More informationMonthly Stock Market Report
October 23, 23 Monthly Stock Market Report This document is for internal use only. The document or any of its contents should not be distributed outside of the Federal Reserve System without permission.
More informationAlphaSolutions Reduced Volatility Bull-Bear
AlphaSolutions Reduced Volatility Bull-Bear An investment model based on trending strategies coupled with market analytics for downside risk control Portfolio Goals Primary: Seeks long term growth of capital
More informationWeekly outlook for June 19 June
Weekly outlook for June 19 June 23 2017 TREND DIRECTION Short Term Trend Intermediate-Term Trend Long Term Trend S&P 500 Oil Gold sideway Up Up down and oversold down down down and oversold soon Sideway
More informationLevel II Learning Objectives by chapter
Level II Learning Objectives by chapter 1. Charting Explain the six basic tenets of Dow Theory Interpret a chart data using various chart types (line, bar, candle, etc) Classify a given trend as primary,
More informationIndex. long-term 200-day, 45 market cycle, myths, very long-term, weekly-based longer-term, 46-47
Appel_Index2.qxd 2/22/05 11:07 AM Page 229 Index Symbols 10-day rate of change, NYSE Index advance-decline line, 133-134 18-month market cycles, 104 21-day rate of change, NYSE Index advance-decline line,
More informationHEIKIN-ASHI TREND NEWSLETTER
HEIKIN-ASHI TREND NEWSLETTER #210 12.03.2017 EDUCOFIN 2013-2017. ALL RIGHTS RESERVED 25% DISCOUNT IMPROVE YOUR TRADING & INVESTING WHEN YOU ORDER BOTH HEIKIN-ASHI TRADING BOOKS TODAY To order: http://www.educofin.com/heikinashi-book.htm
More informationAlphaSolutions Blended Bull/Calendar
AlphaSolutions Blended Bull/Calendar An investment model based on trending strategies coupled with market analytics for downside risk control with predetermined investment periods Portfolio Goals Primary:
More informationThis would lower the year-end S&P 500 target price from 2,140 to 2,040. The technical picture of the market is also deteriorating.
January 13, 2016 SPECIAL BULLETIN We are now in the 82 nd month of a Bull Market and U.S. Markets are now getting very close to giving a SELL SIGNAL. As you know, I have been bullish on the market since
More informationSPX for the smaller major-4 triangle or SPX to complete the double zigzag. Figure 1.
Today s break -finally- below SPX2625 (and SPX2613) places the Ball now firmly in the Bears camp, albeit today s strong rally off the lows. And the two main bear counts remain the focus for now: SPX2579-2568
More informationTechnical Analysis. Weekly Comment. Global New Key Support in SPX Europe in Wave 5. Equities Sales Trading Commentary
h Technical Analysis Weekly Comment Equities Sales Trading Commentary Global Michael Riesner Marc Müller 15/10/2013 michael.riesner@ubs.com marc.mueller@ubs.com +41-44-239 1676 +41-44-239 1789 1646 New
More informationCycle Turn Indicator Direction and Swing Summary. of Select Markets as of the close on. February 9, Daily Swing
Cycle Turn Indicator Direction and Swing Summary of Select Markets as of the close on February 9, 2018 Market Daily CTI Daily Swing Weekly CTI Weekly Swing Industrial Negative High Negative High Transports
More informationMarket Maps. Bob Dickey, Technical Strategist, Portfolio Advisory Group. March RBC Capital Markets, LLC / Portfolio Advisory Group
Market Maps Bob Dickey, Technical Strategist, Portfolio Advisory Group RBC Capital Markets, LLC / Portfolio Advisory Group All values in U.S. dollars and priced as of February 28, 2019, unless otherwise
More information19 January 2019 Volume 12, Issue 4
19 January 2019 Volume 12, Issue 4 Summary for week of 21 January 2019 Stocks could rally early but likely to retrace by second half Dollar likely to push higher, especially in first half Crude oil may
More informationTHE HARLEY MARKET LETTER Trading Day (TD) High-High Cycles Derivation: (144 / 5) X 2) = 128.8
THE HARLEY MARKET LETTER May 4, 212 Vol. 14, No. 3 128.8 Trading Day (TD) High-High Cycles Derivation: (144 / 5) X 2) = 128.8 Advanced Technical Analysis of the Financial Markets STOCK MARKET Lower into
More informationAugust 2015 Technical Market Outlook
August 2015 Technical Market Outlook Peter Lee Chief Technical Strategist CIO Wealth Management Research All charts and data are sourced from Thomson Reuters, Bloomberg, Indexindicators.com and UBS CIO
More informationLevel I Learning Objectives by chapter (2017)
Level I Learning Objectives by chapter (2017) 1. The Basic Principle of Technical Analysis: The Trend Define what is meant by a trend in Technical Analysis Explain why determining the trend is important
More informationJune 2015 Technical Market Outlook
8 June 2015 June 2015 Technical Market Outlook Peter Lee Chief Technical Strategist CIO Wealth Management Research This report has been prepared by UBS Financial Services Inc. ( UBS FS ). All charts and
More informationiii Figure 1. SPX 60-min chart.
Today the S&P500 (not the DJIA, NAS and NDX) made a marginally lower low below yesterday s low (SPX2527 vs SPX2529), which forced me to re-assess the short-term Elliott-wave count I have for this move
More informationDéjà vu all over again. Market Update July 20, Seattle Technical Advisors
SeattleTA provides investment managers with technical analysis of the equity, fixed-income, commodity, and currency markets. Last week the NASDAQ printed a new record high and SPX isn t far behind. The
More informationUsing Acceleration Bands, CCI & Williams %R
Price Headley s Simple Trading System for Stock, ETF & Option Traders Using Acceleration Bands, CCI & Williams %R How Technical Indicators Can Help You Find the Big Trends For any type of trader, correctly
More informationMarket Update April 20, 2015
SeattleTA provides investment managers with technical analysis of the equity, fixed-income, commodity, and The forecast for a high on April 15 was spot-on (there s no kill switch on awesome!). The monthly
More informationMarket Observations - as of Jul 27, 2018
Market Observations - as of Jul 27, 2018 By Carl Jorgensen - For Objective Traders - For educational purposes only. Not Financial Advice. This week began with most markets continuing their bullish trends
More informationWeekly outlook for June 12 June
Weekly outlook for June 12 June 16 2017 TREND DIRECTION S&P 500 Oil Gold Short Term Intermediate-Term Long Term weak buy buy Weak neutral Strong sell buy buy buy Summary The S&P500 index is expected to
More informationPROSPECTUS. August 28, 2013 Pacific Financial Core Equity Fund. Institutional Class Shares: PFGQX Investor Class Shares: PFLQX
PROSPECTUS August 28, 2013 Pacific Financial Core Equity Fund Institutional Class Shares: PFGQX Investor Class Shares: PFLQX Pacific Financial Explorer Fund Institutional Class Shares: PFGPX Investor Class
More information1 December 2018 Volume 11, Issue 49. Summary for week of 3 December 2018
1 December 2018 Volume 11, Issue 49 Summary for week of 3 December 2018 Stocks vulnerable to declines this week Dollar prone to downside pressure Crude oil could move significantly in both directions Gold
More informationTrend Channels: How to Identify Easy Profit-Making Opportunities Using Simple Chart Analysis
Trend Channels: How to Identify Easy Profit-Making Opportunities Using Simple Chart Analysis Trend channels produce a very powerful trading technique. They are very visible, which makes them easy to utilize
More informationThe Incredible Value of Relative Strength in Equity Investing. September 20, 2017
The Incredible Value of Relative Strength in Equity Investing September 20, 2017 Relative Strength What is it? Relative Strength (RS) is the measure of how strong a security s price trend is compared to
More informationBad Breadth. Market Update August 17, Seattle Technical Advisors
SeattleTA provides investment managers with This week is options expiration week and mid-august is often better for equities than earlier or later in the month. Stock Traders Almanac reports that for the
More informationWelcome to Safe Option Strategies presentation of: Sentiment Analysis
Better Education Leads to Welcome to Safe Option Strategies presentation of: This class is a production of Safe Option Strategies and the content is protected by copyright. Any reproduction or redistribution
More informationHawk's Weekly Dispatch
Hawk's Weekly Dispatch Trading Quote of the Week "When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a
More informationMonthly Stock Market Report
January 22, 22 Monthly Stock Market Report This document is for internal use only. The document or any of its contents should not be distributed outside of the Federal Reserve System without permission.
More informationAPRIL 2015 ISSUE This report is similar to that of the FED minutes. Only minor changes take place each month.
APRIL 2015 ISSUE This report is similar to that of the FED minutes. Only minor changes take place each month. The first quarter of this year has been painfully slow and the AlgoTrades system is in the
More informationMarket Slipping Right On Schedule?
Market Slipping Right On Schedule? Reminder- Broad markets typically a little soft in August and September. Good friend @RyanDetrick shared the chart below, which looks at the average monthly perfomance
More informationSubject: Daily report explanatory notes, page 2 Version: 0.9 Date: Dec 29, 2013 Author: Ken Long
Subject: Daily report explanatory notes, page 2 Version: 0.9 Date: Dec 29, 2013 Author: Ken Long Description Example from Dec 23, 2013 1. Market Classification: o Shows market condition in one of 9 conditions,
More information