Wednesday, August 24, 2016

NDX100 still the 'lead dog' in the Rally that has finally 'stalled'; A Correction another matter altogether?

NDX100 Daily Chart @ Close 08/23/2016
3 Weeks since our last update as this Rally succumbs to the Norther Summer 'doldrums'; September the likely period for 'what's next'.
Trending Indicator (ADX: Black Line) now in de- trend mode & below the DMI+ (Rally) fully reflecting the 'stalling' market.
That said & definitely NO Sign in this particular Index that a High of significance has been witnessed.
The S&P500 did however score the most marginal of Reversals this past Week; whether it matters time will tell.

Monday, August 1, 2016

NDX100: Momentum Rally continues apace post- BREXIT 'CHAOS'.......

NDX100 Daily Chart @ Close 07/29/2016
Whilst this Rally WILL exhaust itself like every other in market history; the lack of conviction/ belief by many may yet allow for further gains that simply 'shock' those that 'fell for' the IMF/ BoE "Chaos" prognostications immediately post the BREXIT Vote.
NOT until a Clear Sign is witnessed should we 'doubt' this Rally; as the DMI/ ADX Indicator 'trumps' all others including the RSI.
Caveats are existent; the Small Caps 'idling' sideways for 13 days; the Bio- Techs setting the pace BUT below retrace levels that keep it in a Bear Market Rally categorisation for now. Patience.