S&P 500: 65 Thousand Feet View

Monthly Chart Analysis Current Status: Last Update on Tuesday August 01, 2017   Current Trend: Confirmed Uptrend Last Pattern: Double Bottom (or horizontal Channel) (broken out in July 2016) Previous Pattern: Rectangle (broken in Apr-13) Current Streak: 4 Up months Last Six Months 5 Up months Last High 2484.04 (Jul-17) High Month Low Month Last Swing 2193.81 Aug-16 2083.79…

Short Notes On Economy And Inflation

Economy The Real GDP continues its uptrend since bottoming in Feb-2009 (Chart 1). The Total Employment and Real Retail and Food Services Sales have also maintained their uptrend during this period. The Unemployment Rate has maintained down trend. Industrial production rose from Jun-2009 to Dec-2014. It then declined till Mar-2016. Since then it has resumed…

Market Remarks On European Equity Indices

Germany German XETRA DAX broke above a symmetrical triangle on weekly timeframe in early August 2016, by rising above 10500.00 (Chart 1). From August to November 2016 it stayed within a horizontal trading range with an upper limit of 10830.00 and a lower limit of 10170.00. In early December it broke above that trading range. The 100%…

How Long Will The Tailwind Lift The Market?

The U.S. economy has been growing for the past few years, albeit, at a slow rate. Many have attributed the sluggish growth to secular stagnation due to weak household demand, impact of structural changes on employment, weak private investment, political gridlock and global slowdown. Some of these factors will last for many years and some may see up-and-down movement.…

S&P 500: 65 Thousand Feet View

Monthly Chart Analysis Current Status: Last Updated on Wednesday January 04, 2017 Current Trend: Confirmed Uptrend Last Pattern: Double Bottom (broken out in Jul-13) Previous Pattern: Rectangle (broken in Apr-13) Current Streak: 2 Up months Last Six Months 3 Up months Last High 2277.53 (Dec-16) High Month Low Month Last Swing 2193.81 Aug-16 2083.79 Nov-16 Previous Swing 2116.48…