Posted by jdaswani on 14th of Feb 2014 at 09:04 am
Guys remember weather does have an impact on markets. A lot of
firms are working remotely as its not safe to travel in the North
East. Simply put, Low Volume, Extreme pessimism & lack of
fundamental news is a nice formula to rally.
Call me boring, But markets broke 50dma, recaptured &
retested the 50DMA. Guess what that's your line in the sand.
$1810.39 SPX. As long as aboce, just play setups on stocks and
forget the market noise
Short term there is now some negative divergence on the SPX 60
minute charts but as yet no clear sell signal. The bulls initial
support area to monitor is the primary pivot around SPX 1823.
Losing that opens the door for more downside.
Weather/50DMA
1929 comparison
Posted by jdaswani on 14th of Feb 2014 at 09:04 am
Guys remember weather does have an impact on markets. A lot of firms are working remotely as its not safe to travel in the North East. Simply put, Low Volume, Extreme pessimism & lack of fundamental news is a nice formula to rally.
Call me boring, But markets broke 50dma, recaptured & retested the 50DMA. Guess what that's your line in the sand. $1810.39 SPX. As long as aboce, just play setups on stocks and forget the market noise
Short term there is now
Posted by steve on 14th of Feb 2014 at 09:12 am
Short term there is now some negative divergence on the SPX 60 minute charts but as yet no clear sell signal. The bulls initial support area to monitor is the primary pivot around SPX 1823. Losing that opens the door for more downside.
I think that is 1823 cash and around 1817.75 futures
Posted by zach06 on 14th of Feb 2014 at 09:15 am
A audio interview with Tom De Mark economist
Posted by amcap on 14th of Feb 2014 at 12:07 pm
http://www.glennbeck.com/2014/02/13/uh-oh-stock-market-is-tracking-just-like-1929/
Looking at the chart of the DOW, SPX and NAS they
Posted by torvix on 14th of Feb 2014 at 02:45 pm
Correct zach and thanks for
Posted by steve on 14th of Feb 2014 at 09:23 am
Correct zach and thanks for clarifying