Archive for February, 2009
Pre-Market Update
(Note: This DOW chart was screencaptured earlier inthe day and does not reflect yesterday’s closing price)
What does the futures in the pre-open tell you about the market?
TODAY’S STOCK MARKET VIDEO REVIEW
I’m releasing today’s Daily Review video early due to family commitments tonight.
Enjoy
WATCH TODAY’S VIDEO REVIEW:
Although the market lifted briefly today, it fell hard towards the close
TODAY’S STOCK MARKET VIDEO REVIEW
As I stated yesterday, “…(the DOW) looks ‘weak’ and has the momentum to fall father and farther…”
And although the market lifted briefly today, it fell hard towards the close.
WATCH TODAY’S VIDEO REVIEW:
Intra-Day Update
We started trading today with the market on the downside and it continues to trade lower this morning (10:35 AM EST) . As mentioned several times the previous bars’ 50% line on a ‘long’ real-body bar should act as support. When that’s violated it’s not a good sign.
If we close today below the 50% mark [...]
Get a fresh perspective on the market
TODAY’S STOCK MARKET VIDEO REVIEW
As I stated yesterday, “We are getting close, very close to our lower channel line on the DOW. A bounce could happen tomorrow….”
That’s what happened. We advanced 236 points on the DOW. Is this the beginning of a large rally?
I address this in today’s video… but before you download it here’s [...]
Taking this market day-by-day, lower channel line support?
TODAY’S STOCK MARKET VIDEO REVIEW
We are getting close, very close to our lower channel line on the DOW. A bounce could happen tomorrow or not but I believe we are not yet done on the downside as I have been saying. But I have to admit, these levels are very attractive and I’m tempted to [...]
Sideways movement expected for the next week, but be prepared for anything
TODAY’S STOCK MARKET VIDEO REVIEW
The DOW has declined from near 9000 to where we are currently at 7365 and it has broken it’s November 21st lows. The S&P500 has also declined significantly but hasn’t broken it’s November 21st lows. This week I expect prices to trade in a narrow range to slightly higher. [...]
DOW 7165 is the level to watch tomorrow
The market continued it’s decline. The DOW closed at it’s lowest point since 2002.
7165 is the level to watch tomorrow. We will likely get a bounce if any buying steps in.
I say “if”… this week I have seen rally’s with NO volume and they have always failed.
I don’t have a good upside target if we [...]
The market moved sideways and formed a 'cross' on the candlestick charts
The market moved sideways and formed a ‘cross’ on the candlestick charts:
This is either a continuation pattern or a reversal pattern similar to what we saw in TBT a few weeks ago.
But the question is “will any rally higher last?”…
The DOW lost 297 points… a big move lower
The DOW lost 297 points… looks like a big move lower.
There are 3 options for tomorrow: