YHOO: YHOO Sitting on Support: YHOO it is currently sitting at short-term support at 15.38. This support comes from two things, first the 200 ema which is at 15.38 and price support from the last two weeks. In addition this is...
Read MoreA break and hold below current price could get very interesting on the short side on the Weekly chart below of EUR/USD. It’s on my “Negative Watch” radar… … Read...
Read MoreTake a quick look at the EUR/USD pairing and you will see that there was a head and shoulders confirmation today, and for the bulls, having a breakdown in the euro does not bode well for stocks. I’ve provided you with the...
Read MoreThe tables were turned on the bears today, and we got a sell-off after gapping higher. We saw similar action back last week on the 26th when we gapped to new highs and finished lower on the day. For me that is the playbook I am...
Read MoreData released today shows that house prices fell from the prior month’s level and still remain in negative territory, as shown on the graph below. Since it’s a “leading indicator of the housing industry’s...
Read MoreMarket showed us a three day pull back which could send us higher. Still look to attack those long positions as they have been paying off. We will keep hitting the long side of the market until it stops working. Now is the time...
Read MoreFurther to my post of January 28th, which focused on Weekly charts, I’ll take a closer look at near-term support and resistance levels on the shorter Daily timeframe for YM, ES, NQ & TF, as shown on the charts...
Read MoreI’ve yet to violate one of my New Year’s Resolutions of not breaking a keyboard in 2012, but if the bears lose this battle again today, that may very well happen. But all kidding aside, the dip buying is...
Read MoreData released today shows that consumers are buying less, but paying more, even though their personal income has risen, as shown on the three graphs below. Consumer personal spending has been, generally, declining since it...
Read MoreThis retracement on equities isn’t breaking any speed records so far, and probably won’t. However it looks encouraging and I thinks there’s a decent chance that it will reach rising support from the November...
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