Thursday, March 5, 2015

NYSE Bullish Triangle 'resolution' a puff of powder........10,400 next?

NYSE Intra- Day Daily Chart 03/05/2015
What that it?
Sell Signal on the MACD post the Indecision @ the New Record Highs & the NYSE could well 'beat' a hasty retreat back to as low as 10,400.
So; where was the Rally here since mid 2014?

Wednesday, February 4, 2015

NYSE Outside- Up Day does suggest a Bullish resolution for the Triangle......

NYSE Daily Chart @ Close Feb 3rd 2015
Monday's Reversal/ Outside Up Chart has seen strong follow through higher Tuesday to the top-edge of the potentially Bullish Triangle that should 'see' New Highs imminently.
Beyond THAT development & it may have ALL simply been a 'cruel trick' as 2015 unfolds.

Friday, January 30, 2015

NYSE: Pick a Triangle; any Triangle......Bullish or Bearish?

NYSE Daily Chart @ Close 01/29/2015
Little to report as the Triangle mystery unfolds; our suspicion that is it a Bullish one & New Highs abound.
Whether they are nothing more than a 'fleeting' phenomena or not the larger question to be answered as Q1 2015 edges into the Deflation Fog.
Medium- Term; put us in the Skeptics/ Bears Camp as we sit out this part of the huge Rally since  2009/ 10/ 11....whichever one is your particular 'poison'.

Wednesday, January 7, 2015

Mad Hatters Christmas Rally hijacked by the Realist Grinch?

Dow Transports Daily Chart @ Close 01/06/2015
For those that have been reading; our Bearish Crude View since $100 (THE WEEKLY July 2014) has played out beyond even our wide- eyed expectations.
The ramification for Risk Assets has so far only been marginal; are the Transports portending something more meaningful & sinister?
Perhaps so.

Wednesday, December 17, 2014

Late November OUTSIDE Down Day DID matter after all.....NDX non- confirmation.

S&P500 Daily Chart @ Close 12/16/2014
Whilst the Outside Down Day late November DID NOT mark the absolute High for the S&P500 (& OEX100); the non- confirmation in the High Beta NDX100 failing to score a New High WAS indeed the SIGN that this Rally was terminating & at risk of some corrective price action.
THAT GAP @ 1905 has always been our worry as it's most unusual for the S&P500 (not so the NDX100).
The NDX100 has 2 trailing GAPs of its own; one of which has now been closed.