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Technical Analysis Archives | Page 28 of 32 | Elliott Wave Analytics

  • JP Morgan’s Steely Eyes: Can They Help Us Today...
    By on September 2, 2011 | No Comments  Comments
    If “legendary Wall Street figure” ever described anyone, it was turn-of-the-last-century financier J.P. Morgan. You can throw in “bigger than life” to boot. Morgan was used to getting his way. His steely eyes cast a “ferocious glare.” His bulbous nose added to his...
  • Oversold Conditions More Important Than Bernanke?
    By on August 26, 2011 | No Comments  Comments
    After four straight down weeks the market began the week with a rally, supposedly on hopes Fed Chairman Bernanke’s Jackson Hole speech tomorrow will include indications of the Fed coming to the rescue of the economy and market. But as the week progressed the market continued to rally, even as opin...
  • October Effect: Market Tops and Bottoms Since 1950.
    By on August 25, 2011 | No Comments  Comments
    It’s mid-week in the latter part of August. Economists have been ratcheting down their estimates for Q3 GDP in wake of several signs that the recovery is stalling. Volatility in the market has increased substantially over the past few weeks, and my favorite US market index, the S&P 500, ha...
  • Update: Credit Markets Insight.
    By on August 25, 2011 | No Comments  Comments
    If you trade beyond a one minute chart then following the credit markets will give one much more insight into overall market direction and economic reality. Unlike equities which have failed to identify the most current and past recession credit markets have been signaling economic weakness for mont...
  • Update: Skew Divergence Charts.
    By on August 23, 2011 | No Comments  Comments
    Based on the skew trend which correlates very well with the overall SPX trend and the implied volatility skew vix divergence it appears more selling is at hand. Below are updated charts of both correlations. Skew The skew continues to trend lower and based on past correlations with SPX it appears eq...
  • Friday Market Review.
    By on August 20, 2011 | No Comments  Comments
    The more I study chart patterns during major inflection points and or major headwinds facing equity markets the more I believe psychology is what moves price. In hindsight one would say shorts make a “killing” during the 2008 meltdown or the 87 crash, etc. The reality is many were not i...
  • Long-Term SELL Signals.
    By on August 20, 2011 | 48 Comments48 Comments  Comments
    On 8/2/2011 our mechanical Thrust/Trend Model generated a medium-term NEUTRAL signal for the S&P 500 Index just in time to avoid the market break on 8/4. (Neutral means to be market neutral — in cash or fully hedged.) After the breakdown we believed we had entered a bear market, but we...
  • Profit Margins and Inflation Risk.
    By on August 20, 2011 | 402 Comments402 Comments  Comments
    The two charts below offer clues for evaluating the risk of profit margin squeeze in the current economy. One is the ratio of crude to finished goods in the Producer Price Index. The other is an indicator constructed from two data series in the Philadelphia Fed’s Business Outlook Survey thro...
  • Sure Looks Like 2008.
    By on August 19, 2011 | 44 Comments44 Comments  Comments
    “He observed that human emotions collectively had major impacts on the on stock prices and the patterns seen in the Stock Markets in general.” – From a book on the teachings of Jesse Livermore When you think of it in the short term markets are nothing more than a group of people trying to...
  • Prechter’s Free Fall Territory Chart.
    By on August 19, 2011 | 420 Comments420 Comments  Comments
    In the May 2008 issue of his monthly Elliott Wave Theorist, Robert Prechter showed this chart of the Dow Jones Industrials. As you can see, prices go back to the 1970s. Please note that on the day this chart published (May 16), the Dow closed at 12,987 — barely eight percent below the Dow&...
  • Skew Updates and the 2008 Comparison.
    By on August 18, 2011 | No Comments  Comments
    The more people explain why it is not 2008 the more I believe it is except on a much larger scale. Although the big variable and one that makes trading so difficult is timing. Instead of giving you a list of comparisons though, let’s see what the charts say. After all charts capture everything fr...
  • Relief Rally Not Sustainable.
    By on August 17, 2011 | No Comments  Comments
    To paraphrase my posts of last week there was good news for the short term. Technically, the market was short-term oversold again, a condition that should produce another short-term rally, and have investors breathing a sigh of relief. And that has come to pass, with the Dow up 7.1% from its low la...
  • Speaks Volumes?.
    By on August 16, 2011 | No Comments  Comments
    To be, or not to be, that is the question: Whether ’tis nobler in the mind to suffer The slings and arrows of outrageous fortune, Or to take arms against a sea of troubles, And by opposing end them? Hamlet, Act 3, Scene 1 Sometimes a few words speak volumes, a fact Shakespeare knew well. A...
  • Today’s Market Recap.
    By on August 16, 2011 | No Comments  Comments
    Of my GOD that was a painful session. How do we go from rip your face off volatility to quite possibly the most boring market action this year. What amazes me about this move higher off the August 9 intraday low is how anaemic volume has been.  With markets vastly oversold as of last week one would...
  • World Markets Weekend Review: Bear Cubs Abound.
    By on August 14, 2011 | 505 Comments505 Comments  Comments
    The world selloff continued last week, with six of the seven world markets we’ve been tracking finishing the week with a loss. The FTSE was the solitary market with a gain, and it has now taken over the top spot in table of percentage declines from interim highs. In fact, four of the seven are...
  • The ‘Real’ Mega Bears…
    By on August 14, 2011 | No Comments  Comments
    It’s time again for the weekend update of our “Real” Mega-Bears, an inflation-adjusted overlay of three secular bear markets. It aligns the current S&P 500 from the top of the Tech Bubble in March 2000, the Dow in of 1929, and the Nikkei 225 from its 1989 bubble high. The chart...

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