CEM News - Market Outlook (the technical analysis of financial markets) for January 21, 2010: “…the S&P has been bouncing back and forth, between the 1130 and 1150 levels over the past couple of weeks. In fact, current trading action is very similar to that of November 2009, as the index struggled to get through the important 1110 level. Money Flow measure had been trending lower following recent decline but still holds above the zero line. So there is a greater than average odds that…” Subscribers, please login to read the rest.
Articles tagged with: market commentary
CEM News - Market Outlook (the technical analysis of financial markets) for November 9, 2009: “…First and most importantly, chart of the VIX is clearly bearish. It’s been in a primary down-trend for nearly a year. However, the late October breakout had broke the bearish lower lows and lower highs pattern on the VIX going back to early January and turned the short-term trend up. Given that the VIX often moves inversely to the S&P benchmark, this is bearish for stocks. However, unless…” Subscribers, please login to read the rest.
CEM News - Market Outlook (the technical analysis of financial markets) for November 4, 2009: “…After the sharp decline the prior two weeks, the S&P is now turned indecisive as it printed two consecutive narrow range bars near the bottom of its short-term trading range. Money Flow measure is trending higher but still holds below the zero line. It seems to us that the index is in for a big test of…” Subscribers, please login to read the rest.
CEM News - Market Outlook (the technical analysis of financial markets) for November 3, 2009: “…the Dow pulled back to key support that has been successful in repelling price action since the market bottomed in early March. The overall trend remains bullish. With recent trading action is pretty much similar to that of the June to July trading pattern, we will…” Subscribers, please login to read the rest.
Market Outlook (the technical analysis of financial markets) for November 2, 2009: “…the S&P undercut key support at 1050, or the white line in chart, and is now heading toward the bottom of its short-term trading range. Additionally, in accordance to the Japanese candlestick pattern recognition, Friday’s bar was a Bearish Engulfing, which is a powerful indicator of …” Subscribers, please login to read the rest.

