Support levels have held, and time counts suggest that an intermediate low is due. Downside projections have been reached. The only things missing are indicator buy signals and breakouts through the 1290-1300 resistance band.
Tag Archive for Downside
Professional Edition, Technical Trader
Market Hanging By A Thread, or Not
by Lee Adler • • 5 Comments
The market broke major support on Friday and is now hanging by a thread, the thread being the possibility that the break was just a final shakeout of an oversold 13 week cycle low. Any downside follow through on Monday would suggest that the 6-7 week cycle is dominant, and may be headed below the…
Facebook News
Millions More Facebook Shares Coming Soon – ABC News
by Newswires • • 0 Comments
Millions More Facebook Shares Coming SoonABC NewsFacebook's "stock price still has a way to go on the downside as the market takes account of increased supply." When an IPO lock-up period expires, more shares are available for trading, pl…
Facebook News
Millions more Facebook shares coming soon – USA TODAY
by Newswires • • 0 Comments
USA TODAYMillions more Facebook shares coming soonUSA TODAYFacebook's "stock price still has a way to go on the downside as the market takes account of increased supply." When an IPO lock-up period expires, more shares are available for t…
Technical Trader
For Bulls and Bears, It’s Now Or Never
by Lee Adler • • 0 Comments
Wednesday’s action was a mirror image of Tuesday, except that the underlying technical indicators were stronger than the market averages on both days. The market still has to clear resistance and generate 13 week cycle buy signals to confirm that it is out of danger on the downside.
Liquidity Trader, Professional Edition
Treasuries Vacuuming Up All Available Liquidity
by Lee Adler • • 0 Comments
The Treasury had a light calendar last week. The market faced a big Treasury settlement on Tuesday but from then until the big end of month settlement of new paper, supply pressure wasn’t, and won’t be, a problem. With fear driving waves of capital into the Treasuries, a downside breakout in yields, and an upside…
Latest Business Headlines
Mark Zuckerberg and Facebook ring in IPO with all-night hackathon – Los Angeles Times
by Newswires • • 0 Comments
Telegraph.co.ukMark Zuckerberg and Facebook ring in IPO with all-night hackathonLos Angeles TimesBy Jessica Guynn The night before the chartbusting initial public stock offering, engineers won't be counting their Facebook dollars. They'll be do…
Technical Trader
Market Oversold, But Breaking Down From Major Top Means More To Come
by Lee Adler • • 3 Comments
Several technical indicators have reached levels consistent with intermediate lows, but key support levels have been broken, and despite some signs of being oversold, the market remains vulnerable to further declines, both over the short run and the longer term as well. The market averages have broken down from an important top, and some long…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: As the Market Grinds Lower, Complacency Abounds
by Pretzel Logic • • 0 Comments
Yesterday, both counts expected more downside, which the market provided. The picture has clarified just a little bit, and, as I see it, there are two main options for the short-term resolution.
What’s interesting about this market is that it’s…
Professional Edition, Technical Trader
Technical Signs Don’t Confirm Rally But The Trend Is Still Your Friend
by Lee Adler • • 0 Comments
The uptick in the averages was accompanied by only mixed indicator readings. The cycle projections, however, tilted a bit more bullish than yesterday’s readings. All downside projections have risen to levels already reached. As long as the market averages hold above uptrending support levels there should still be a chance for the market to reach…
