Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (52548)	7/31/2016 10:20:40 PM
From: Johnny Canuck	2 Recommendations Recommended By E_K_S Return to Sender Read Replies (1) \| Respond to of 67710

The Fed made their prononcement in the middle of the week but it looks like traders are still not sure. SP500 still in a waiting pattern. DOW also waiting but also showing a minor negative bias. DOW transports if you account for a margin of error essentially touched the previous high and then sold off and now have a minor negative bias. Utilities back to a waiting pattern after the rally due to Brexit. A plus is the index is not breaking down. COMPQ just barely achieving a new high. It needs confirmation. Russell 2000 also waiting. Keep in mind with all these indices in waiting patterns the longer the waiting patterns go the more likely the resolution will be to the downside. Do not try to anticipate the move those as you are likely to get burned. Agriculture now on a sell signal in all timeframes. One weak counter rally attempt so far but expect lower lows for a while as this resolves the damage done. CORN still printing lower low but at least the momentum has slowed and the start of a bottom is forming. Financials failed to test the previous high again. Now in a waiting pattern. Energy still in a waiting pattern. Gold seeing some profit taking and holding a strong support level. Natural gas still struggling with follow through after breaking the $2.75 level again.

To: Johnny Canuck who wrote (52548)	8/5/2016 10:56:04 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 67710

Interesting that Mr. Rosenberg does not mention globalisation.. No one (me too LOL) has that figured out yet.. So many more more folks at the table and still trying to grow the pie the same old way.. Seems to me that is the elephant in the room... magnified by the power of the internet.. I keep hearing Union talk about the good old days... yes the good old days when third world populations mostly worked for pennies and scraps... and the lifestyle in Canada and the US was so rich and easy..