Good traders stalk 90% of the time and trade only 10% of time. Quote me. :) :)
In this screencast I run through several superhot equities on the monthly time frame.
The higher time frames are often the cause of surprises for people' on 15min - 1H time frames.
Then the end of the screencast I look at the VIX on the 2 hour time frame for signs of...
It wouldn't surprise me to see the market struggle to move much higher from here, even if we do breach the all-time highs, until we get around to the next earnings seasons. @StateStreet $DJIA $SPX $NDX $VIX
• BMN trading near all time highs
• Both Wave 3 and Wave iii are in motion
• Momentum studies positive
Currently trading near all time highs, Bushveld Minerals (BMN) still has room to continue higher. A rally begun with a gap after a year long consolidation period. With a high at 24.50 reached in May,...
The anticipated pullback is unfolding, with the UK FTSE100 Index falling sharply to the 7093.57 low of February.
A short-term bounce is possible, as oversold daily studies unwind. Weakening momentum studies and the bearish Tension Indicator (not shown) should limit scope.
In the coming weeks, further downside tests are looked for, as investors adopt a cautious...
We have updated our monthly publication - US Sectors Relative to S&P500.
It is an overview of the major US sectors, and covers, amongst others, Consumer Discretionary, Consumer Staples, Energy, Healthcare, Technology and Financials.
Within several ratings changes, we have Downgraded Financials to Underweight.
On an absolute basis, the US Financials ETF XLF is...
A more cautious tone is appearing across global equity markets.
Further gains to prove increasingly difficult to maintain.
China poised to break higher?
Global equity markets remain in their dominant bull trends.
Investor portfolios are overweight and investor sentiment is positive.
However, warning signals are now appearing, suggesting further gains are likely...
Under pressure. Focus on critical support at the 7093.57 low of February. A break beneath here would turn investor sentiment outright bearish, and confirm a more significant bear trend as the fall from the 7447 high of March gains traction.
There are further signs of bullish trend development in the VIX.
Prices are now trading above congestion around 15.00 as momentum studies post positive divergence and continue to strengthen. The proprietary Tension Indicator (not shown) is also improving.
In the coming months, expectations are for higher levels to attract, with focus turning to congestion around...
Short-term corrective gains from the 2326.50, (23.6%) Fibonacci retracement are underway.
Immediate focus is on the 2390.01 high of 15 March, but difficulty is seen maintaining any tests, as momentum studies and the bearish Tension Indicator (not seen) continue to weaken.
Increased selling pressure is expected to keep prices under pressure, with a later break...
The UK FTSE100 Index is finding difficulty maintaining higher levels as negative divergence unfolds on weakening momentum studies. The Tension Indicator (not shown) is also showing signs of negative divergence as it, too, turns down.
Investors are expected to continue reducing positions.
A break below the 7255.78 low of 27 March is highlighted, with the 7192.94...
Bullish sentiment in the US S&P500 Index is fading. Risk/reward is turning lower, as overbought momentum studies unwind and the Tension Indicator (not shown) continues to weaken.
The break below the 2351.31 gap low of 17 February has been seen, with focus now on the 2326.10, (23.6%) Fibonacci retracement and the 2319.23 gap low of 10 February. Deeper reactions...
The UK FTSE100 Index remains strong, but gains are expected to continue to prove difficult to maintain.
Overbought studies and negative divergence on the bearish Tension Indicator (not shown) are adding pressure to bullish sentiment, with any initial tests of the 7500/11 barrier to prove difficult to sustain.
Risk/reward is for a short-term corrective pullback,...
US Equities remain at elevated levels, with prices extending the November 2016 rally to reach 2400.
However, immediate continuation is expected to find difficulty reaching the 2460~, (200%) projection of the 2015-2016 fall, as overbought short-term studies unwind and monthly stochastics continue to unfold in extreme levels.
The progressively steepening...
Bullish sentiment in the US S&P500 Index remains intact, but prices are finding difficulty sustaining the test of 2400. Risk/reward is turning lower, as overbought momentum studies unwind and the bullish Tension Indicator shows signs of fading.
A break below the 2351.31 gap low of 17 February is looked for, with focus then turning to the 2319.23 gap low of 10...
The UK FTSE100 Index is regaining higher levels.
Prices have posted a close above the 7354.14 high of January, suggesting potential for further gains towards the 7465, (38.2%) Fibonacci projection of the november-January rally. However, studies remain mixed and are beginning to show negative divergence, highlighting continued profit-taking pressure and risk of a...
The UK FTSE100 Index is finding difficulty maintaining the bounce from the 7093.57 low of 2 February.
Prices are falling back from the 7329.56 high of 20 February, as short-term studies turn bearish and the Tension Indicator (not shown) continues to weaken. A pullback towards 7093.57 is looked for, whilst a close beneath here will signal a deeper reaction, as...