Market Outlook

Discussion in 'Trading' started by GrandSupercycle, Feb 2, 2011.

  1. S&P500 daily chart shows a megaphone wedge.

    A common pattern in various markets these days which exemplifies current market sentiment : a volatile battle between buyers and sellers and only one side will win.
     
    #11     Feb 6, 2011
  2. AUDJPY daily chart gives bearish warning.

    Could be a warning for stocks.
     
    #12     Feb 8, 2011
  3. piezoe

    piezoe

    It is also characteristic of market tops, but unreliable by itself.
     
    #13     Feb 8, 2011
  4. piezoe

    piezoe

    As long as you include the word "likely", as you did, I think you are OK. This is, however, a very unreliable observation at this point. Furthermore the Chinese interest rate announcement is "likely" to give a further boost to the US market, whereas Chinese stocks may take a mild hit.
     
    #14     Feb 8, 2011
  5. #15     Feb 9, 2011
  6. DOW weekly chart risng wedge looking good so far.
     
    #16     Feb 9, 2011
  7. USD 8 hr chart gives bullish warning: the impending dollar rally
    gets closer.
     
    #17     Feb 10, 2011
  8. DOW weekly chart rising wedge is still valid and when confirmed it
    may signal the top is in.

    USD has strengthened further.
    Regular readers know the rest of my USD bullish mantra...

    USD proxies I like atm are USDCZK and USDPLN.
     
    #18     Feb 10, 2011
  9. USD strength continues and the impending Dollar rally approaches. This will be bearish for stocks, Euro, Aussie dollar and various commodities.

    The very overdue equity correction gets closer and closer...
     
    #19     Feb 11, 2011
  10. S&P500 daily chart posted at my blog shows extreme overextension contained within the megaphone pattern.

    This pattern reminds me of Wile E. Coyote temporarily defying gravity after running off the cliff...
     
    #20     Feb 15, 2011