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Daily Commentary – Monthly Charts at Critical Juncture – Part 2

On the heels of better than expected GDP number, US markets opened with a positive sentiment before grinding sideways to close slightly up on the day with SPX +3pts while the Dow +23pts. Quite simply, from technical perspective no new development in the daily charts for the major indices. Though worth noting for the SPX,… Continue reading Daily Commentary – Monthly Charts at Critical Juncture – Part 2

Macro Market · Market Commentary · Newsletter · On Our Radar

Daily Commentary – Monthly Charts at Critical Juncture

US markets had a slight holiday hangover though damage was limited, with SPX down 11pts but held above the milestone mark of 2200 while the Dow dropped by only 54pts and remains firmly above 19000 and breakout area from ascending wedge. More noticeable weakness in the top momentum plays since Trump’s victory, including Russell 2000… Continue reading Daily Commentary – Monthly Charts at Critical Juncture

Macro Market · Market Commentary · Newsletter

Weekly Commentary – Digesting the Rally

Hope those in the US had a fantastic Thanksgiving holiday. The US markets certainly had a festive week with all 4 trading days in the green, though obviously on light volume given the holiday schedule. Whether this breakout has conviction hinges on if there is follow-through this coming week. Technically, the Dow did cleanly broke… Continue reading Weekly Commentary – Digesting the Rally

Macro Market · Market Commentary · Newsletter

Daily Commentary – Santa Claus Rally

US stock markets kick-started Thanksgiving holiday week with celebration of fresh ATHs in the SPX, which jumped 16pts to close above previously broken uptrend line and confirmed a strong technical breakout. Meanwhile the Dow, which led the way since the Election, was up 88pts but remain capped at the top of ascending wedge. The convergence… Continue reading Daily Commentary – Santa Claus Rally

Macro Market · Market Commentary · Portfolio Update

Weekly Commentary – The King Dollar

A follow-through week for US equities after the historic Trump victory, led by the Nasdaq and the SPX which played catch-up to the Dow with a rise of 1.2% and 0.8% respectively. Technically, SPX remains bounded by previous ATHs as well as the broken LT uptrend while the Dow consolidated at the top of the… Continue reading Weekly Commentary – The King Dollar

Daytrading Technical Analysis · Trading Game Plan

2016/11/15 – Intraday Charts & Parameters

Futures   Dow 30 Support: 18610, 18535 Resistance: 18900 Game Plan:  Another new high in Dow but finally pulled back at top of ascending channel with momentum fading. Good risk reward short here with target towards bottom of channel near 18600 area S&P 500 Support:  2150 Resistance: 2180, 2194 Game Plan:  Still chopping between 2150… Continue reading 2016/11/15 – Intraday Charts & Parameters