Be sure as usual to read Terry Laundry's Saturday update at T Theory Foundation: T Theory Calculations, Daily Updates, Charts and Data (2/20), at http://www.ttheoryfoundation.org/t-theory-calculations.html. Click to see his chart and discussions of course - here's a quote:
The small hike in the discount rate didn't prove a problem and the AD Oscillator continues its strong uptrend from the W Bottom.It is approaching an overbought state but it usually turns toppy well before the market gets into any serious trouble.
I will make the next post here early Tuesday Morning. On Sunday I will discuss a 10 year chart history for Gold and Interest rate trends at See Recent Posts at bottom of page. For a full review of all posts since January 5 2010 go this link then go to the bottom of the page and scroll back in time: T Theory Foundation
Safe Haven | Technical Market Report by Mike Burk (2/20), at http://www.safehaven.com/article-15866.htm.
Schaeffer's Monday Morning Outlook: Traders Remain Wary Despite Rally; SPX Reclaims 1,100. Here's their intro quote:
The short week got off to a rollicking good start -- the Dow Jones Industrial Average surged nearly 170 points on Tuesday -- and the major market indexes spent the rest of the week padding those gains. The Dow is now just shy of breakeven for the year to date. Looking ahead to next week, Todd Salamone, Senior Vice President of Research, notes the relatively low-key response to the Federal Reserve's surprise discount rate hike, and concludes that traders are still living in a low-expectation environment. Still, Todd thinks we might be in for a short period of consolidation following the recent rally. Next, Senior Quantitative Analyst Rocky White explains the Moving Average Convergence Divergence (MACD), a popular technical analysis tool. One day last week, more than 500 stocks were showing a MACD buy signal. That's happened only four times in recent years. Finally, we wrap up with a look at some key economic and earnings reports slated for release this week.
Carl Swenlin's Decision Point®: Chart Spotlight (2/19/2010), http://www.decisionpoint.com/ChartSpotliteFiles/100219_cspot.html. Here's a quote from one part, but check out his charts, they're worth a look:
Our market posture for the S&P 500 remains neutral; however, our Thrust/Trend Model (T/TM) could generate a buy signal if positive price action can continue and the Percent Buy Index (PBI) can cross up through its 32-EMA.
Marty Chenard's 2/18 piece at Safe Haven | Today's Current Accumulation-Distribution Study..., http://www.safehaven.com/article-15848.htm.
Thoughtful swing trader views, in Steven Cohen or Trader A?; Lessons Learned From Tim Knight | Charts and Coffee (2/19), http://www.chartsandcoffee.com/2010/02/steven-cohen-or-trader-a-lessons-learned-from-tim-knight/.
SentimenTrader - Independent Sentiment Research for the Stock and Bond Markets- Here's their gauge as it appears today, 2/20, at http://www.sentimentrader.com/:
INVESTOR SENTIMENTClick here for more information
Jesse's Café Américain: Gold and Silver Weekly Charts - Explosive Silver Situation Intensifies (2/19), at http://jessescrossroadscafe.blogspot.com/2010/02/gold-and-silver-weekly-charts.html.
Enjoy listening (but guard against getting overly bearish) - Financial News, Economic Education, Analysis & Data - FinancialSense.com, today at http://www.financialsense.com/
Today's first hour of their audio features:
Carl Swenlin (Technical) President Decision Point Topic: Market Correction Further to Go | Marc Faber Editor Gloom Boom & Doom Report Topic: Stock Market, Gold, Sovereign Debt & Inflation
The Technical Take: Investor Sentiment: Bounce Mode - By Guy Lerner
(2/20), at http://thetechnicaltakedotcom.blogspot.com/2010/02/investor-sentiment-bounce-mode.html.
Market Observation - Brian Pretti 02.19.2010: Is the Glass (Steagall) Really Half Empty? (2/20), http://www.financialsense.com/Market/wrapup.htm.
Posts
No comments:
Post a Comment