Wednesday, November 26, 2014

Key Reversal Days in the OEX, SPX, NYSE......does it matter?

OEX Daily Chart @ Close Tuesday 11/25/2014
Key Reversals in the OEX & S&P500; NYSE follows with an Outside Down Day of its own as the 'Hindenburg' monetary dock gets complicated amid contradictory economic stats & commodity prices @ the edge of, if NOT already over; the proverbial cliff.
For whom the bell tolls.......now?

Monday, November 24, 2014

NYSE still shy Record Highs as the Rally slows amid further QE.

NYSE Daily Chart @ Close Friday 11/21/2014
Same story; further into the Rally from mid- October.
Bad News prompts Central Bank reaction with 'Good News' in more QE & ZIRP policies.
Hindenburg analogies are becoming common as the CB's try to 'dock' respective economies into recovery mode amid a global glut of excess EVERYTHING.
Deflation is only a 'dirty' word if your indebted.......oh well.

Sunday, November 9, 2014

NYSE still not cooperating with NO New High sighted..............

NYSE Daily Chart @ Close 11/07/2014
ECB QE; BoJ expanded QE; Bad News is Good News......the S&P500 may be scaling new heights along with the DOW; but so did Humpty Dumpty.
Surreal markets in Wonderland?
All that's missing is Alice & Mimzy.

Thursday, October 30, 2014

Transports puts in an OUTSIDE DOWN KEY REVERSAL Day @ New Highs.

$TRAN Daily Chart @ Close 10/29/2014
Whilst the Dow Transports scores a new Record High; the Industrial Average remains a couple of percent shy of its.
The Outside Down Day for the Trannies commands respect as this index has been a reliable coincident indicator for the 2011- 14 Rally.
Previous such Days (Outside Down) have been both prescient & rewarding for those willing to follow their 'signal'.
Same again this time?

Tuesday, October 21, 2014

NYSE rallies back to circa 38% retrace............

NYSE Daily Chart @ Close 10/20/2014
Thus far the Counter- Rally has nearly retraced 38% of losses since the early September High.
Any signs of Indecision here to be noted; though NOT favored as a more formidable 62% retrace the likely 'path' before we witness just what exactly this Correction has install for us.
A cursory & timely glance back to a late 2007- early 2008 Weekly Chart for the S&P500 would be time well spent.