I began analyzing the financial markets in 1982 when I became the research director for a financial advisory firm and provided regular market analysis on stocks, commodities, currencies and mutual funds. I am a technical analyst. Much of my focus was on how obscure technical indicators or methods,
Buy Real Cheap Shoes Air Jordan 13 He Got Game 2013, could be applied to the financial markets and used as an effective trading tool. Many of the indicators I have used for years, such as Gerry Appell’s MACD and Welles Wilder’s RSI,
You Can Find The Latest Style Of Air Jordan 5 Fire Red 2013, have subsequently gained wide popularity.
This page is devoted to sharing my insights and techniques in order to help you become a smarter trader/investor. Over the past twenty years I have traveled around the world several times, visiting all of the major financial centers as he taught professional traders and money managers my approach to the financial markets.
My method of stock selection starts with a proprietary scanning method to select a group of individual stocks for more extensive analysis. This includes an in depth study of the volume patterns that I use to determine the strength of a stock’s trend. Those with the strongest trend,
a Great Number Of Cheap Air Jordan 13 Grey Toe 2014, either up or down, are then further analyzed to determine entry, exit and risk levels. I use Fibonacci retracement,
2014 Online Sale! 40%-80% Off Air Jordan 10 Charlotte Bobcats, projection and extension analysis to determine both profit objectives as well as stops.
Friday’s strong showing is a good sign that we may be entering a new uptrend. This makes it the perfect time for risk mindful investors to catch the bears napping and ease into some of the plays recommended by MoneyShow’s Tom Aspray,
Sell Cheap And Top Quality Air Jordan 5 Black Grape.
The global stock markets,
Outlet Online Store Offer High Quality And Cheap Cool Grey 10s, gold,
Free Shipping And Fast Delivery Online Playoffs 12s, and crude oil all soared Friday to finish out a rather dismal quarter on a positive note. The Euro Summit’s overnight decision to aggressively fund the teetering European banks certainly got the market’s attention.
Given these summits’ past solutions, many market professionals are justifiably skeptical that this will work, and I doubt anyone really knows the answer. The markets are sending a strong message that this time might indeed be different, as they indicate an important low was reached in early June.
Most of the experts interviewed on the leading financial networks on Friday were still bearish on stocks, as most advised the public to stay out. This to me is a bullish sign, just as it was last September when I wondered if doom and gloom could save the market.
The regular measures of individual investor and financial newsletter sentiment are not as negative as they were last fall, but the professionals are quite negative. This may be enough to provide the market with the proverbial "wall of worry."
The financial markets responded quite well to the surprising decision by the Supreme Court to uphold the Affordable Care Act. Those who bought puts on some of the health care stocks in anticipation that the law would be struck down were sorely disappointed. (I still like the action of the health care stocks, and have quite a few in the "Charts in Play" portfolio.)
More details will emerge in coming weeks, but the European stock markets appear to have bottomed. The German Dax closed just below the downtrend from the March highs. In April,
Outlet Store Online Clearance Sale 2015 Air Jordan 9 Calvin Bailey, it was the break in the Dax below the March lows (see arrow) that had me concerned about the health of our market.
The Dax did hold above the key 61.8% Fibonacci support level at 5,819,
Official Website Outlet Online Air Jordan 6 Retro Olympic 2012, which I was closely watching. A decisive close above 6,
80% Discount Sale Online Air Jordan 7 French Blue 2015,450 will create a new uptrend. The Eurozone blue chip Stoxx 50 index has already surpassed its mid June highs after breaking its downtrend (line b) on June 18.
As I discussed in Friday morning’s column "Get Ready for the Next Bull Market," the technical action in the US market had already confirmed a short term low in early June, and was very close to confirming a new intermediate term uptrend. This could occur in the next week, as I discuss below.
The performance of the five asset classes that I have been monitoring since the start of April bonds (TLT), the US dollar (UUP),
Outlet Store Online Clearance Sale 2015 Air Jordan 8 Phoenix Suns, gold (GLD), US stocks (SPY) and crude oil (USO) also suggests a change may be underway. Only TLT and UUP are up since the start of April,
For Cheap But Real Womens Air Jordan 4 Black Cement 2012, but both have turned lower.
In late May, GLD started to perform better than SPY. The buy levels in the SPDR Gold Trust (GLD) that I recommended in early June have been hit, and GLD may have formed an important low with Friday’s 2.7% gain.
Holiday shortened weeks are always a problem,
100 Authentic Cheap Air Jordan 3 Retro White Cement 2011, especially as the Fourth of July falls in the middle of the week. Many traders are already out, and therefore the volume is likely to be low early this week. If the market continues to rally, the bears will point to the low volume as a reason they do not trust the stock market’s gains.
Even though it is a short week, there is plenty of important economic data, culminating with the monthly jobs report on Friday. The ADP employment report is out on Thursday, which may give us some clues, but the most bullish action would come if the stock market can hold up after we get another weak jobs report.
On Monday,
Store Online Cheap Air Jordan 14 Low Retro Last Shot 2011, we get the ISM Manufacturing Index and construction spending figures, followed by factory orders on Tuesday. On Thursday, in addition to the ADP Employment Report, the ISM Non Manufacturing Index will be released.
WHAT TO WATCH
The stock market was under pressure early last week, as several of the major averages violated short term support before prices stabilized and closed strong on Wednesday.
Euro debt fears and the mounting losses from JPMorgan Chase (JPM) rocked the market hard early Thursday, and traders were worried the week’s lows could be broken.
The market’s tone certainly changed in the last two hours of trading Thursday,
Click Here To See a Great Range Of White Cement 3s, as the S 500 closed almost 16 points above the lows. This set the stage for Friday’s upward explosion.
Though the price action was a bit concerning early last week, the chart above shows that the S 500 Advance/Decline (A/D) line just pulled back to its gradually rising WMA and retested the breakout level (line d). Though many analysts do not believe in divergence analysis, this is a great example of how it can give you a good reading on where the market is heading.
As the Spyder Trust (SPY) was collapsing in early June, and making sharply lower lows (line b), the S 500 A/D line did not make new lows, thereby forming a bullish divergence (line e). In my analysis, the divergence was confirmed when the A/D line moved above the intervening peak (line d), which occurred on June 15 (point 1).
On Friday, I went into an in depth analysis of the four major market tracking ETFs that I follow, and will just highlight the changes with Friday’s close. For the S 500 A/D line, I pointed out that the next level to watch was the recent peak, and it was overcome on Friday.
A move through the longer term downtrend (line c) will give a more important intermediate term buy signal,
Discount Price Air Jordan 9 Black Photo Blue White. This would be similar to the signal that was generated last October 13. It would take a convincing break below last week’s lows to weaken the outlook.
S 500
The Spyder Trust (SPY) closed just below the mid June highs at $136.25, with the major 61.8% Fibonacci retracement resistance level at $136.58. A daily close above this level during the week would be a positive sign. As I noted earlier, the Stoxx 50 index has already moved above its mid June high.
The weekly chart shows that the 127.2% retracement target from the recent decline would take the SPY back to $146,
We Aim To Provide You a Wide Range Of Marvelous Fire Red 5s.50,
100% Authentic Air Jordan 5 Fire Red Black Tongue 2013. The upper trend line resistance (line a) is in the $143,
Store Online Womens Shoes Air Jordan 13 Retro Playoffs 2011.50 area. There is initial weekly support at last week’s low of $130,
Buy Real Cheap Shoes Air Jordan 7 Retro Olympic 2012.85.
The weekly on balance volume (OBV) is back above its WMA, and a move above the resistance (line b) would be a bullish sign.