Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Canuck who wrote (51209)	1/15/2015 12:35:24 AM
From: Johnny Canuck	2 Recommendations Recommended By Davy Crockett Return to Sender Read Replies (2) of 68148

Gap down in the indices due to reduced global economic growth projections. SP500 still on a sell signal. It gapped down but attempted to rally up going into the close. Same comment on the DOW as SP500. DOW transports still on a intermediate sell signal. COMPQ on an intermediate sell signal and forming a sideways channel. Russell 2000 on an intermediate sell signal. Agriculture forming a lower low. No bottom in sight yet. CORN now on a confirmed intermediate sell signal. Fear setting in in the financial sector as we saw a gap down and accelerated volume on poor earnings news from one of the larger investment banks. Intermediate sell signal now firmly in place. Energy tested and held the low from December. Gold so far failing the test of the first resistance level. Natural gas rallying on significant increased volume from a short term base. Still too soon to believe this will be an extended rally for the commodity.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next