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This is an update of a chart I first shared back in April. See: Is investors’ money where their mouth is? Margin debt at Interactive Brokers (click for larger image): Even though stock markets have continued to climb and are recording record highs, IB customers have reduced the amount of risk they are taking in
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US markets have pushed into new high territory once again. Many other indices are close to doing so. With another week of lunar green period to go, we are in the position where we could get to an important peak. Here is the Nasdaq chart (click for larger image): Major overhead resistance is around 3770,
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Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3342 Up RALLY S: 3568 Up S&P 500 BULL S: 1579 Up RALLY S: 1673.40 Up Nikkei BULL S: 12574 Up RALLY S: 13955 Up * FTSE 100 BULL S: 6284 Up RALLY S:
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Markets came under pressure last week, but held up very well. The recent lunar red period produced a 27 points gain in the Nasdaq, which means the market continues to display strength. Another push higher is in the cards with a new lunar green period now underway. Let’s have a look at the S&P 500
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Investors are wondering why the US stock markets keep going up, no matter which news hits the wire. Every sell-off seems to be bought, and traders who tried to bet against this market are probably getting very frustrated by now. I think this market will not go down before the Dow Jones Industrials has crested
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Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3314 Up RALLY S: 3533 Down S&P 500 BULL S: 1571 Up RALLY S: 1662.30 Down Nikkei BULL S: 12533 Up RALLY S: 14043 Down FTSE 100 BULL S: 6267 Up RALLY S: 6487
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A brief follow up on yesterday’s post. The trailing stops for Nasdaq and crude oil were both taken out yesterday, and their daily momentum continues to be down. The daily momentum for S&P 500 index also turned down yesterday, so that means we can now use a trailing stop just below yesterday’s low for that
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As I described in my weekend post covering our key reversal levels, I like to use a trailing stop when daily momentum turns down after a sizable move in the market. When a market has a fully bullish picture ( status = bull , weekly mom = up , mode = rally , daily mom
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Markets have kept up very well, despite being in a lunar red period. This increases the odds that we are going towards August highs for the US markets, but we have to see how we finish the red period later this week. Let’s have a look at the Nasdaq chart (click for larger image): The
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Our key reversal levels going into next week: Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq BULL S: 3294 Up RALLY S: 3502 Down * S&P 500 BULL S: 1563 Up RALLY S: 1647.50 Up Nikkei BULL S: 12450 Up RALLY S: 13885 Down * FTSE 100 BULL S: 6249 Up RALLY
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