miércoles, 24 de octubre de 2012

US: S&P 500 correction


By Colin Twiggs

October 23rd, 2012 10:30 p.m. ET (12:30 p.m. AET)
These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Any advice contained therein is provided for the general information of readers and does not have regard to any particular person's investment objectives, financial situation or needs and must not be construed as advice to buy, sell, hold or otherwise deal with any securities or other investments. Accordingly, no reader should act on the basis of any information contained therein without first having obtained investment advice from a suitably qualified advisor. Full terms and conditions can be found at Terms of Use.


The S&P 500 broke support at 1420, following a trend channel breakout, both signaling a correction. Reversal of 21-day Twiggs Money Flow below zero warns of renewed (medium-term) selling pressure — a peak below zero would strengthen the signal. Breach of 1400 would further strengthen the signal.
S&P 500
The Dow Jones Industrial Average similarly broke support at 13300 on the weekly chart. Bearish divergence on 63-day Twiggs Momentum indicates a weakening up-trend; reversal below zero would warn of a primary down-trend. Breach of support at 13000 — and the primary trendline — would warn that a top is forming. Recovery above 13650 is unlikely at present but would indicate an advance.
Dow Jones Industrial Average
* Target calculation: 13000 + ( 13000 - 12000 ) = 14000
Comment
Share
Tweet
Share

More....

Australia: ASX 200 test of 4400

Asian market update

Europe and FTSE testing resistance

Canada: TSX60 edging lower

Australia's submarine folly

Australia: Becoming a welfare-dependent state

Financial ecosystems can be vulnerable too - FT.com

The Myth That Screwed Up 50 Years of U.S. Foreign Policy - By Leslie H. Gelb | Foreign Policy

The Chicago Plan Revisited | IMF Working Paper

The Chicago Plan (1939)

Wealthy Advised to Sell for Gains Before Unfriendly 2013 - Bloomberg

Politics Makes Us Worse | Aaron Ross Powell, Trevor Burrus

5 Steps Obama or Romney Must Take to Fix Wall Street



Win or lose, everybody gets what they want out of the market.
Some people seem to like to lose, so they win by losing money.

~ Ed Seykota

No hay comentarios:

Publicar un comentario

Muchas gracias por tu comentario. En cuanto me sea posible te daré mi opinión.