Equities around the world are rebounding, and the Treasury market is reversing yesterday’s flight-to-quality rally.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity derivative products slight upside momentum for the e-mini S&P 500 (EPH7), and flat intraday momentum for the e-mini NASDAQ 100 (ENQH7), the DJ Euro […]
This morning, 91-percent of the 228 ETFs I track are showing a positive gain. Emerging markets are rebounding. Excel is linked to CQG for the data.
Yesterday, due to flight-to-quality buying driven by falling global equity markets, the ten-year rallied through resistance. This type of buying can create a very overbought situation, so, pulling back today is very normal. I have plotted a new uptrend channel. The previous resistance zone should now act as support.
The Constant Volume Chart (increased to 25,000 […]
The CQG Analog Chart, which is a chart display that plots multiple markets, has crude oil (blue bars), gasoline (light green close only line), and heating oil (white close only line) plotted. In addition, I have the RSI study plotted for each market using the same colors as the prices.
The previous day’s technical evaluation is […]
The EURO FX Futures (EUR/USD pair) are trading within yesterday’s range. The next target is the overhead resistance zone. The market did close yesterday with the daily RSI reading above 62 and confirmed the bullish momentum.
The Constant Volume Bar chart is set to 1,000 contracts with the CQG SnapTrader shows the market trading right in […]
Yesterday was remarkably volatile. Volatility increased in equities, fixed income and gold. Gold fell back and tested support at $660.00. It looks like $660.00 will be tested again. I removed the upward trend channels because the market broke through the demand lines and I want to see where the market moves from here.
The Constant Volume […]
So far, today, the constant volume chart, set to 10,000 contracts is indicating steady selling based on the RSI readings consistently closing below 38, and peaking well below 62. This is classic down trend momentum behavior.
The TFlow chart of the E-mini S&P 500 with my two studies, TFlow Volume Cross Study (TFVCrss) and the TFUmTFD […]
U.S equities have joined the sell off started by the drop in the Shanghai Composite Index. The volume ratios are indicating heavy selling, as technical trend lines in place since last July are broken.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity derivative products are indicating heavy downside […]
This morning, just 4-percent of the 228 ETFs I track are showing a positive gain. It is never a good sign when fixed income ETFs make their way into the top performing ETFs. That’s a sign of flight to quality. Excel is linked to CQG for the data.
The daily charts a new high for the up trend. The market is at the supply line of the uptrend channel and is at the upper side of the resistance zone. Yesterday, the RSI, set to 14-bars, closed over 62 confirming the bullish momentum.
The Constant Volume Chart (increased to 25,000 contracts) with the CQG SnapTrader […]