Archive for the ‘Technical Times’ Category
Squawk Evening Update: January Redux?
In our Monday morning briefing we mentioned the tendency for big moves following options expiration to wait until Tuesday to materialize. So far, the action around expiration seems to have some similarity to what we observed in January. We’re not saying that the subsequent decline will be identical. However, that would be consistent with the […]
Squawk Morning Briefing: Digging Into Small Timeframes
Markets remain extended and are ripe for corrections if not turns. On longer timeframes we can see a suggestion that we should turn from regions that are nearby, but in very broad terms. In medium timeframes the count is very unclear. So we turn to the very short timeframes to look for the start of […]
StockGrid 1.0 Released
I can’t count the number of times someone has said to me, “FibGrid has revolutionized my futures trading, can you get it to work on individual stocks?” So I have spent the past several months working on ideas that would provide a similar tool for securities that don’t fit within the […]
Squawk Morning Briefing: Decision Forthcoming
Overnight the Japanese government confirmed that they had been intervening in foreign exchange markets to weaken the Yen which had recently strengthened against the U.S. Dollar. While the Euro has the highest weighting in the U.S. Dollar Index, the Yen is in the mix, and however you weight it, the Japanese government […]
The Summer is Over
While the American markets were resting over the Labor Day weekend, the foreign markets appear to have finished the wave (ii) corrections in the currencies and perhaps the equity futures. Our equities update will be covered in a speicial post.
Another deep Wave 2 Correction
We are still counting that our Wave (ii) correction ended at the Fireline on Monday night. Yesterday morning pre-market it appears that we finished a wave i impulse and the began a wave ii correction for the remainder of the day. The deep retracement we have had since then has helped to clear the count […]
A “Shanghai Duo” on the Weekly Bonds
The “Red Candel High” on the daily chart above is signaling a significant high is in on bonds. The Weekly chart also shows a “RCH” which for those familiar with candle patterns (more specifially a “Hanging Man” denoted by a long wick and a close near bottom of the candle) is a bearish indicator. The “hanging man” on the weekly […]
Some Stormy Waves Today
The market showed quite a bit of volatility today. After opening early to the upside, it traded rather flat in anticipation of the Consumer Sentiment Report which was released at 9:55, The report sold the market off rapidly to below the previous low of Wedneday, but immediately reversed with Ben Bernakes speech which began at 10:00 and ended up […]
A Wave Two to the Seventh Degree
Today’s market action didn’t leave us too surprised. My post this morning said that we were looking to end a subminuette wave ii perhaps in the 50% retracement area. We didn’t quite hit that level but we came close, then the YM’s sold off quickly to the fire line. For most of the rest of […]
To everything: turn, turn, turn…
The Squawk’s most likely wave count continues to show U.S. equity markets in a primary wave [3] down. While third waves are known as particularly rambunctious, this one has remained mired in various degrees of first wave downward action and upward second wave correction. While Friday’s mid-day bounce is likely yet another small degree second […]