It's time again for the big picture perspective views on some key US indexes. Dow is still on the breadth thrust script (i.e. potential manic upside/ending action). S&P 500, same…
It's time again for our 'Gary's too lazy to do short-term charts with all sorts of details and parameters' big picture monthly charts of US indexes. The S&P 500 popped…
Here are the updated charts from this morning’s update. SPX and Dow are at resistance, NDX is at its first resistance level and SOX is approaching the 670 area, which was identified as its key resistance.
SPX and Dow nudged above yesterday’s highs and could open the door to further bouncing, but even if they get through resistance – as SOX potentially bounces to 670’s – the 50 day averages would represent more resistance. It was a good day for the bulls, short covering or not. But the bears took the ball away from the bulls on Monday and they still have it for now.
In an earlier subscriber update, we looked at the key bounce parameters for SPX, Dow, NDX and SOX using daily charts. In a public post a few weeks ago we…
Since the market is up handily in ‘pre’, I wanted to get you a look at what it would take to negate the technical damage of the last 2 days, with very simple daily charts of the headline US indexes (plus the SOX). This can be applied generally, to any index or stock for that matter. As of now in pre-market, these items are still well below key resistance levels.
Sometimes my charts get noisy with all the moving averages, momentum indicators, volume, different time frames, inter-market ratios, etc. For this post, some very quiet monthly charts. Let's start with…
The Dow had been the worst of the major US indexes on the short-term view (NDX led to the downside but formed a 'W' pattern as noted yesterday). Now the…
We looked at 'em pre-market and now I have removed my drawn-in candles as the market's actual candles have blown them away. Here is what is going on. INDU is…
You can see my artwork skills on display as the pre-market implied opens for INDU, SPX and NDX are drawn in as white candles on the charts. INDU is mostly…
I like browsing through old charts just to see what they are saying sometimes. This one is from an NFTRH edition sometime back in 2015, when we were gauging the…
A super simple look at the 3 major US indexes by daily chart... As you can see, the indexes dropped from the point of the post-BoJ hype burst right to…
Santa has finally arrived as the markets bounce from support levels we noted in NFTRH 374. Surprising? Not in the least. This low volume rise makes the market look like…
Reviewing the US stock market picture from a few different angles... NFTRH been using the Equity Put/Call ratio to gauge pressure on the US stock market for all of 2015. …
SPX bounced from the MA 200 and is using the 50 day moving averages as support. Key resistance is low 2130's. Key support around 2100. INDU is more bearish and…