November 2, 2009: The S&P 500, Russell 2000 and NASDAQ 100 broke their up trend lines, but the Dow still continues to respect its trend. Are we due for a deep correction? Let us look at the SPY, QQQQ, IWM and DIA the...
Read MoreNovember 1, 2009: The downtrend line of the dollar is still intact despite the current bounce and the index has not reached a key support area. A look at the chart shows that the the down trend line of the dollar is still in...
Read MoreOctober 15, 2009: The four major equity indexes — Dow, S&P 500, NASDAQ 100 and Russell 2000– are at resistance areas increasing the chances of a correction. For the markets to move higher they have to break out...
Read MoreThe dollar index is catching a bounce off support but not rallying like it did the last time prices hit the 76 area. A look at the chart below will show that bounce of the dollar is not as strong as it was the last time, calling...
Read MoreThe S&P 500 e-mini futures contract has formed a broadening wedge on the daily chart–a difficult pattern to trade. After a run up in prices this can be bearish formation with prices breaking down. Traders...
Read MoreSeptember 14, 2009: The S&P 500 has neared resistance on a moving average that has held true for over 20 years. We could see a reversal at resistance or the index has to break out of the moving average to go higher. We...
Read MoreSeptember 7, 2009: The Dow has rallied strongly from its March 2009 lows and people are getting cautiously optimistic. So we decided to look at 1929 and saw same price action in the current fall, only in slow motion. We at...
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