The E-mini S&P 500 opened tested a support zone, and then rallied. The buying took the market through two resistance zones from Friday’s trading, and took out Friday’s high. However, the market has faltered, and this could be an upthrust (false breakout). Watch for sellers to come in. Currently, the TF5Um5D study has peaked and […]
The equity markets opened, tested a support zone and then moved up through two resistance zones. Volume ratios are moderately positive.
The mid-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products indicate moderate buying in the E-mini S&P (EPH7), the DJ Euro STOXX 50 (DSXZ6), and the Dow (DJI). […]
This morning, the Xinhua China 25 Index ETF leads the top ten performing ETFs for today. This ETF is up nearly 60 percent for the year. A positive sign is technology ETFs are on the top ten list. Of the 228 ETFs I track, 74% of them are in the black this morning. Excel is […]
Initially, the market traded up, but then reversed when the price hit a small resistance zone from yesterday, and the market moved to new low.
The price action of the E-mini S&P 500 TradeFlow chart along with TF5VCrs study and theTF5Um5D study displayed are showing a volatile day. First, the market rose, and hit the resistance […]
The equity markets opened and initially started trading higher, and then fell to new lows following the lower than expected Michigan Sentiment index.
The mid-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products indicate selling in the E-mini S&P (EPZ6), the NASDAQ 100 (ENQH6), the DJ Euro STOXX 50 […]
Gold, which has had quite a ride this year, and energy oriented ETFs dominate the top ten list for today. Of the 228 ETFs I track, 32% of them are in the black this morning. Excel is linked to CQG for the data.
One way traders are chopped up is to lose their patience and start chasing the market. A good guideline is to pay special attention to a market when it is trading near the previous day’s high or low. These previously established support and resistance levels are key price action points. Markets may edge through, only […]
Initially, the market traded up, but then reversed. Buyers did not follow the rally up.
The price action of the E-mini S&P 500 TradeFlow chart along with TF5VCrs study and theTF5Um5D study displayed an interesting pattern today. Both the buy volume line (green) and the sell volume line (red) of the TF5VCrs study were headed down […]
The equity markets opened and initially started trading higher but the rallied brought out sellers ahead of tomorrows employment report.
The mid-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products indicate neutral for the E-mini S&P (EPZ6), the DJ Euro STOXX 50 (DSXZ6), and the Dow (DJI). However, the […]
European ETFs dominate the top ten list. Of the 228 ETFs I track, 55% of them are in the black this morning. Excel is linked to CQG for the data.