A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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BBC NewsECB "Strongly" Wants Greece To Stay In Euro ZoneWall Street JournalBy MARGIT FEHER FRANKFURT (Dow Jones)--The European Central Bank wants Greece to remain in the euro zone while the decision for Greece's possible exit from the cur...
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Moneycontrol.comEURO GOVT-Spanish bonds stable after auction, French yields dipReuters* Spanish sale meets expectations, French goes well * Markets looking for dovish signals at ECB meeting * Bunds stable, Spanish yields keep close to 6 pct By Marius Z...
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Monday could be a bit rough with payments due for the settlement of $54 billion in new Treasury paper, but the technical signals still point higher.
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Well, I've got good news and bad news. The bad news is that the short term structure is an absolute mess. The good news is: I think I've found the key to figuring it all out over the next few days.
"How?" I can hear you ask incredulously, ...
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The realization has been shockingly slow, but the lamestream media, such as Bloomberg, is picking up on how toxic the LTRO program has been to the merda-storm countries’ banks. Today, they ran a clip on how Spanish banks borrowed LTRO funds to ...
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Yesterday the market reached the 1384 upside target -- and it also ruled out some possibilities, which is actually quite helpful. In fact, yesterday's charts are chock-full of new information I didn't have before -- ...
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The market’s downtick on Thursday caused numerous intermediate indicators to tick to the sell side, but I’m not making a top call yet. There have been sell signals before in this uptrend that turned out to be false. Show me a break of key support.
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As long as the market remains above intermediate trendlines and moving averages, I have to give less weight to cycle indicators which have given false sell signals time and again. I guess this is just another way of saying, “The trend is your friend.” As long as that’s the case, I must give credence...
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Well, yesterday cleared up the counts quite nicely. The bullish trade trigger at 1374 elected and from there, the market pretty much traded straight up with zero drawdown. That trigger targets 1408.
We now have solid confirmati...
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We’ve become so jaded by the relentlessness of the rally that any down day feels like a massive break, but in reality, no key support levels have been broken.
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Bears scored a minor victory on Wednesday, with many indicators barely crossing over their signal lines to the sell side. But we’ve seen this before in this uptrend and prices barely paused before moving higher again. So what are we supposed to think now?
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Yesterday the market traded up a little farther into the target zone, and has now satisfied the minimum requirements for the fifth wave up we've been looking for since February 8. I literally spent six straight hours charting...
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In one of the more bizarre displays of behavior I have seen in 45 years of observing the market, the short term indicators have been running dead flat at the neutral line. Apparently the market has reached a state of perfect equilibrium and absolute stasis. JP Morgan has arisen from his grave to pronounce,...
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SP futures (or ES electronic mini S&P) have been tanking since 3 PM (NY time) yesterday afternoon when it became apparent that the Greece deal was no deal and was going down. The Spoos broke the 2 and 5 day cycle centerlines around 6:30 PM and kept going through the night. As of this...
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The SP futures (or ES electronic mini S&P) have been in a slow downward drift after making a double top coincident with the open of European trading, versus a pivot high earlier last night. The Spoos dropped below the 2 and 5 day cycle centerlines, both moving sideways at about 1339 and 1337 respectively,...
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SPX cash left us with a 2 day cycle projection of 1318 at yesterday’s close. Say bye bye to that. The new projection is 1328. A 3 day cycle projection points to 1326, and a new 5 day cycle projection resulting from this morning’s gap open points to 1329. Resistance is suggested at a...
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SPX (cash) tanked on the open in NY after hitting its 2 day cycle projection late Thursday. The gap down triggered sell signals on 2 and 5 day cycle oscillators. These indicators had negative divergences versus the SPX double top at about 1296.50 near Thursday’s close and early Tuesday. The new 2 day cycle...
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SPX (cash) traded in a line yesterday after blasting off at the open. The 2 day cycle oscillator was on the sell side from mid day until the close. 5 and 8 day cycle oscillators were in the topping zone but had not rolled over. SPX closed right on the 5 day cycle centerline...
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Technical indicators show some fraying around the edges. 10-12 month cycle momentum is surging on the buy side, but VIX keeps sending sell signals. Conflicting indications abound. This report gives keys to judging which way the market will break.
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The bears got a gift on Wednesday, but there’s a question of whether it will be one that keeps on giving. There are few sell signals yet, but there are some indications that are leaning that way, particularly the timing of the turn coincident with the date on which the idealized 8 week cycle...
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The SP futures are currently hovering just above what was a double bottom but appears to be morphing into a triple bottom. As a dear departed friend of the trading community at Capitalstool.com who was a great intermediate swing trader used to say, “The more often support is tested, the weaker it becomes.” The...
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Analysis: Earnings outlook may be deteriorating rapidly
Reuters – Fri, Dec 2, 2011 6:29 PM EST.. .
By Ryan Vlastelica
NEW YORK (Reuters) - Earnings season is just over a month away, but the early signals are not comforting.
Companies cutting fore...
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Indicators derived from the market averages are slowly edging to the sell side, but are not yet confirming a downturn. Screening measures which emphasize patterns in individual stocks however are more definitive in their sell signals. Which are correct?
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As predicted, Wednesday's normally seasonally-bullish session turned into a big red candle. That in itself should tell us something about this market, as that marks only the second time in ten years that the Wednesday before Thanksgiving&nbs...
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Conditions now appear favorable for a short term and possible intermediate high to form, but certain additional signals are necessary. This report discusses them.
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This Decline Isn’t a Selling Panic, It’s a Buying Strike
A few signals are finally starting to reach oversold levels, but there's nothing to mark the extreme levels normally associated with more meaningful bottoms. As I was looking at the charts earlier, particularly the down volume to up volum...
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