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.
Yesterday, I warned that if gasoline […]
Today, the Euro FX Futures made another new high, but sellers have come in. The market is correcting the recent rally by moving sideways over the last three days. The tightness of the range indicates a strong market. I continue to expect higher prices because the recent extreme daily RSI readings are above 62. A […]
After breaking the demand line of the uptrend channel yesterday, sellers were not able to attract a following and the gold market recovered, but still closed down on the day. However, the close was well off the lows.
Today, buyers came in and the market traded above the highs for the last fours days, but is […]
Traders initially came out hitting bids due to selling in the Far East markets. The NYSE volume ratio and the NASDAQ volume ratio were weak, but are starting to climb.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity index derivative products are mixed. The RSI readings for the e-mini […]
Today, the market neared the upper side of the resistance zone formed back on February 22 and sellers came in. Because the daily RSI readings have closed below 38 and that indicates a downtrend, then the market should reverse in the resistance zone. Now, let us see if the sellers can attract a following.
The Aggregated […]
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.
It is a mixed market today […]
Following yesterday’s advance, today, the Euro FX Futures are trading within yesterday’s range. Considering yesterday’s high was the fifth higher high in a row, a correction is due. But, I continue to expect higher prices because the recent extreme daily RSI readings are above 62. A trading range will be signaled once the RSI forms […]
Today marks the fourth attempt by gold to better the highs made on Monday within the resistance zone formed in late February, and the failure to move up has brought out the sellers. Now, the market is testing the demand side of the uptrend channel. Yesterday I said, “Generally, if a market cannot move in […]
Following a weak opening, the equity markets are climbing. At the moment, the S&P 500 is in positive territory while the NASDAQ 100 is still trading down for the day. The NYSE volume ratio and the NASDAQ volume ratio are neutral at best.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for […]
This morning, just 25-percent of the 228 ETFs I track are showing a positive gain.> Semiconductor oriented exchange traded funds are topping today’s best performing ETFs. Excel is linked to CQG for the data.