I know it is not the end of the month yet when we usually look at the monthly charts, but the last two weeks have been remarkable in my experience in trading the markets. I have posted a monthly chart of the cash S&P 500 index. All I can say is WOW! Monthly S&Ps This monthly chart goes back about 20 years. Since 2000 when we made a then all-time high of 1552.87, we … [Read more...]
Multiple Time Frame Analysis the Wyckoff Way
Below is a link to an article I wrote that has just been published by the Association of Technical Market Analyts--India in their online periodical called ATMASphere. The article covers the use of multiple time frames in Wyckoff analysis, reading the price bars and volume. I wrote it with an aim to encourage technical analysts to consider price and volume in their work, so it … [Read more...]
Market Sells Off
S&Ps UpThrust The US Stock Market as represented by the S&P e-Mini futures, had a trend day down today. We could see evidence of mounting supply over the past few weeks, and the most recent rally to last month's high was on receding volume. We had an UpThrust today. Now, the question is: will this take us down? We did have some increase in volume compared to … [Read more...]
Prayers for Boston
Our hearts go out to Boston, the marathoners, and the crowd cheering the runners--especially those wounded from the bombs and their families. As I am sure you have heard, two bombs blew up at the finish line of the Boston Marathon yesterday killing three and wounding over 100 runners, spectators, and race volunteers. Many lost limbs and several remain in critical … [Read more...]
Is the US Stock Market About to Pull Back?
The start of trading this week will be telling in the S&Ps. Last week’s bar closed down on an increase in volume. This was preceded by no demand the previous week. Could we be seeing the start of a larger down move, perhaps to test the high volume in late February - early March? Let’s take a closer look. Daily Indications of Selling On the daily, we had three … [Read more...]
