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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (53655)	2/14/2021 6:56:44 PM
From: Johnny Canuck	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 69209

SP500 advancing to new high but on slowing momentum. This index and the market needs a catalyst to move higher. DOW flatlining after setting a new high recently. DOW transports setting a new high, confirming the recent high on DOW. DOW utilities in short term sideways trend. Stable interest rates is what the market needs. COMPQ setting new highs on declining volume. Russell 2000 resting after a exponential advance. It should break one way or the other in the next few days. On the downside support is at 1420. Financials testing the previous high from a few weeks ago. It need to break to a new high in the next 2 to 3 weeks or it will correct down before making another attempt at a high. Energy stopping short of setting a new high on declining volume. This is the second attempt in the last few weeks. It needs to break out soon or it will correct before another attempt. Gold still in an intermediate done trend. It is below major support level based on price by volume. Silver in an intermediate sideways trend. It is chaotic but still sideways. It is just at a major support level. A break will lead to a 10 percent correction.