All Posts (10732)
Sort by
Economists expect U.S. companies to have added 210k jobs last month, which is only slightly less than the 243k jobs added in January. As long payrolls increased by more than 200k, the improvements in the labor market will help to lift currencies and equities.
http://www.fx360.com/commentary/kathy/7186/nonfarm-payrolls-preview-no-threat-to-rally.aspx
Euro and Aussie remain weak .........
http://www.fx360.com/commentary/boris/7190/greek-swap-deal-above-83-but-risk-fx-nonplussed.aspx
The Dow action today looks very much like a dead cat bounce to me finishing with an ending diagonal (don't shoot me I'm an Eliottician!) Add to that the CCI divergence and you've got a recipe for a big sell off tomorrow.
Presented by Gareth Soloway March 07, 2012 11:55AM
The markets are experiencing a bounce back from the sharp drop yesterday. After falling $2.00 yesterday, the SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $135.65, +0.98 (+0.73%). Wall Street is looking at this bounce and wondering if it is a snap back rally that will lead to new highs or just technical bounce, prior to more selling.
The proof is purely in the charts. After the biggest drop of 2012, any trading higher but under the recent 52 week highs must be viewed as bearish consolidation. If at any point the recent market highs are eclipsed, any trace of the bear would be gone.
In going by the numbers, the markets can float up to $138.19. As long as they do not take that level out, a technician would view this as inside consolidation and an in-spirit-of bear flag. If $138.19 is taken out, all bear cases are off the table.
To get live swing trades, proprietary market analysis and more, take the seven day free trial to the Research Center. Join the elite pros and profit in any type of market. Learn the methodology that is sweeping the globe.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
The proof is purely in the charts. After the biggest drop of 2012, any trading higher but under the recent 52 week highs must be viewed as bearish consolidation. If at any point the recent market highs are eclipsed, any trace of the bear would be gone.
In going by the numbers, the markets can float up to $138.19. As long as they do not take that level out, a technician would view this as inside consolidation and an in-spirit-of bear flag. If $138.19 is taken out, all bear cases are off the table.
To get live swing trades, proprietary market analysis and more, take the seven day free trial to the Research Center. Join the elite pros and profit in any type of market. Learn the methodology that is sweeping the globe.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
s&p 500 index
coming into a big supp area
cluster of trendlines
hourly data
4 point box size by 3 reversal
German factory orders declined sharply in the month of January, but the drag on the euro was minimal as investors eagerly anticipate the event risk expected over the next 24 to 36 hours
http://www.fx360.com/?et_cid=21115333&et_rid=wallstreet1928@gmail.com
