In this video, Dr. applied the Wyckoff tape reading to anticipate the market's next tradable move in the S&P's. https://youtu.be/Pg5fPhl_vNg?si=QNBVRIH1hZqvQSC2 … [Read more...]
A Bar-by-Bar Assessment of the Current Market
A Bar-by-Bar Assessment of the Current Market In the midst of all the domestic and geopolitical noise, a bar-by-bar assessment of the current market indicates a pullback is likely. I certainly did not want to go home long on Friday night. But it wasn’t all because of the US – Iran conflict or impeachment. It’s also what the charts are telling me. A bar-by-bar assessment … [Read more...]
New All-Time Highs
New All-Time Highs The S&P 500 index, as represented by the S&P e-Mini futures, hit all-time highs this morning. I noted in my last post that should the market push higher and make new all-time highs, 3200 was the logical target. (You can read that post here: last week’s post.) On all major time frames (monthly, weekly & daily), 3200 is near or at the top of … [Read more...]
Signs of Weakness in the Markets
Signs of Weakness in the Markets On Sunday, I published a post highlighting multiple signs of weakness that taken together indicated a down move was likely in the US Stock market as represented by the S&P 500 futures. At that point, we saw these signs of weakness: overbought conditions on the weekly and monthly charts, a lack of demand at new all-time highs in the … [Read more...]
Holiday Trading
Holiday Trading We are in the holiday trading period. The US stock market, as represented by the S&P 500 futures, is in a strong move up. Point & Figure Charts indicate a potential rally to about 3500. We’ll see. Nevertheless, we have entered the American holiday trading period, which typically runs bullish into year’s end. With that background in mind, we will … [Read more...]
