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Dow warns of reversal but S&P 500 hesitates
Dow Jones Industrial Average bearish divergence on 13-week Twiggs Money Flow warns of a reversal. Failure of primary support at 14500/14600 would confirm. Recovery above 15000 would defer the test of...
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US & China lift ASX
The S&P 500 rallied strongly this week despite a weak bearish divergence on 13-week Twiggs Money Flow warning of selling pressure. Recovery above 1700 would indicate another advance, while a new...
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Dow, S&P 500 selling pressure but VIX bullish
Dow Jones Industrial Average put in a strong blue candle last week, but 13-week Twiggs Money Flow bearish divergence continues to warn of a reversal. Exercise caution until there is a breakout above...
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Dow warns of reversal but VIX refutes
Dow Jones Industrial Average tall shadow (or wick) on last week’s candle warns of short-term selling pressure — echoing the long-term bearish divergence on 13-week Twiggs Money Flow. Reversal below...
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S&P 500 threatens correction but Nasdaq holds firm
The September quarter-end often heralds a correction as fund managers re-balance their portfolios and shed under-performing stocks. Congressional gridlock raises the probability of a correction even...
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Dow threatens reversal
The S&P 500 broke support at the May high of 1675 and penetrated the (secondary) rising trendline, signaling a correction to primary support at 1625/1630. Recovery above 1700 is most unlikely at...
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S&P 500: No sign of a correction
The S&P 500 has reached its target of 1800 for the current advance, suggesting the market is due for a correction. But there is no sign of selling pressure on 13-week Twiggs Money Flow....
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When good news is bad news
Jobs report redux: 🍝🍻 +59,000 jobs 💼💻 +51,000 jobs 🚜🚧 +29,000 jobs 🏥💊 +24,000 jobs Score: ☺️ http://t.co/z9xNQJA25N — CNNMoney (@CNNMoney) March 6, 2015 “The U.S. economy added 295,000 jobs in...
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Batten down the hatches
Batten down the hatches, the storm is here. Nymex WTI Light Crude futures (March 2016) are testing support at $30 per barrel. There is no indication that this is the bottom and breach of $30 would be...
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Batten down the hatches
Batten down the hatches, the storm is here. Nymex WTI Light Crude futures (March 2016) are testing support at $30 per barrel. There is no indication that this is the bottom and breach of $30 would be...
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S&P 500 still flaky
From Howard Silverblatt at S&P Indices: “With almost 90% of the Q4 2015 earnings reported, 67.6% of the issues are beating estimates (the historical rate is two-thirds), but only 36.8% beat As...
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It’s a bull market
Dow Jones Industrial Average successfully tested the new support level at 18000 and has now broken resistance at 19000, confirming the target of 20000*. Rising Twiggs Money Flow indicates selling...
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