The last week of October is over and Monday will end the month. I can tell you by end of the day Monday that 3 of our indexes will be a monthly sell leaving just one index that is a buy. The daily charts are deteriorating and paint a grim picture for the foreseeable…
Trying to find some signs of life from these charts is almost like watching paint dry. The S&P 500 ended the week to the upside but if you just look at the last 5 bars of the chart we look flat. We are and have been close to the 50 day moving average, so with…
It appears that my run of up months is going to end at 7 in a row with a loss for October. That rejection at the overhead resistance that has happened several times on several indexes might have finally wore out the buyers, which will give sellers control. Some long term uptrends are also failing.…
This market is really trying my patiences.
We are know the Bonds on the daily chart has been a sell for awhile. Today, the S&P 500, Small Cap, and International indexes all fired sell signals on their daily charts. If they do not recover tomorrow, they will confirm. S&P 500 Small Cap International.
It’s been two weeks since I posted any daily charts and you would think by now we would have direction, plus or minus. Well we do not but the daily charts are starting to show some signs, so let’s get to them. The S&P 500 daily chart has fired, once again, warning 1 and…
Ok, I’m going to try something new with the monthly charts to make them easier to read. You only need to know a couple of things. Green on top of blue is buy and blue on top of green is a sell. There will also be a green arrow to confirm the buy signal and…
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