Trend Analysis

Yesterday was up yet again and I have been reading that the last twenty five or so Tuesdays have all closed in the green. That’s not true on SPX, as that dropped 4 points on Tuesday 19th March, and another four points on Tuesday 12th March, but the run of positive Tuesdays has still been [...]

Heavy news schedule today, 10am, 10:30am and 2pm are the key times for news. Also, Bernanke is peaking today which should add additional ‘headline risk’ for today’s session. Support: 1659.50-1660.50 Mid point: 1664.75-1666.25 Resistance: 1672.00-1673.25 Notes: Bernanke speaks, Globex session has made a base and currently is breaking out of that. Expecting open auction in [...]

CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) was lower in early U.S. trading Wednesday after British retail sales plunged and the minutes from the Bank of England meeting this month revealed members are split on further quantitative easing. Policymakers were unanimous, however, on...

Junk bond ETFs such as the iShares iBoxx $ High Yield Corporate Bond Fund (NYSEArca: HYG) and the PIMCO 0-5 Year High Yield Corp Bond Index ETF (NYSEArca: HYS) hauled in about $10 billion in new investments last year, but that placed slowed to $1 billion through the first four months of 2013,...

Daily harmonic setups discussion on : Interactive Trading Setups Discussion on www.TradingArsenal.com

This would imply a C wave down.The 5 of B may not be finished though

The only chart that matters.

Greetings from the CalTrain station in bucolic Palo Alto, California. I thought I’d have a change of venue to type up my end-of-day post, and although a video would have been a lot easier, I’m going to not to be lazy this time. There’s not a whole hell of a lot to say about a [...]

COP broke 62ish earlier this month (previous post): If we stay above 61, a rally to 73ish (2008 top) seems likely.