Tuesday, April 28, 2015

NYSE Island Reversal 'escaped'; YET we remain 'ship- wrecked' & same levels......an omen?

S&P500 Daily Chart @ Close 04/27/2015
Key Daily Reversal the 1st Sign that something (anything?) is amiss with this aged Rally?
All the following scored same Daily Chart Reversals @ New Highs:
NYSE/ OEX100/ NDX100/ S&P600 (Small Caps); with the R2000 below it's Highs but also scoring an Outside Down Day.
Should we care? Perhaps so!
Daily Close below 2075 would go a long way in confirming that 'something' has Corrective potential.

Sunday, April 19, 2015

NYSE: We may well 'be there' now...............

NYSE Daily Chart @ Close 04/17/2015
A rare 2 Day Island Reversal?
Nothing overt to say 'it is over'; but many another Index (XLY) suggesting that the long overdue Correction has the opportunity to finally play out.
10,900 breach the 1st Sign of Trouble for the NYSE.

Thursday, March 26, 2015

NYSE: Are we there yet?

NYSE: Daily Close @ 03/25/2015
Frustration for all as another run back to the Highs is rebutted & yet again the NYSE returns to levels form mid- 2014.
Persistent Negative Divergences have 'dogged' US Equity Indices on the Rally (if that's what we can call it?) since early 2104 with resultant give- backs after marginal gains.
The 'Return to Normalcy' won't be no 'Return to Eden' for markets.

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.