In early September, sovereign bond yields swooned higher from all time lows. But the bounce from low levels soon met with the resistance level and they are again lower. Checkout what chart and seasonal patterns are making it difficult for bonds to decline and yields to rise.
September is usually a down month for the U.S. indices. The later part of the month is more so, especially, the week after the September options expiry on the third Friday, which is a triple-witch-day (or quadruple including single stock futures). The odds for first half of the week following expiry Friday to be down are…
“I have a very strong belief that everything that comes into your life is supposed to and every condition of your life is part of the perfection of it and there is a blessing in all of it and that there are no accidents. It is perfect, absolutely totally perfect universe.” — Dr. Wayne W. Dyer The above…
On Friday September 9 2016, markets around the world were in panic sell mode. Investors sold almost everything and the day was a 90%-downside day – when 90% of the volume is to the downside. We covered on Monday how major U.S. indices perform after a panic sell like the one on Friday. We noted that history says that…
Friday, September 9 2016, was a panic sell day around the world when the S&P 500 broke out of its narrow range day to a large decline of more than 2.27%. It was 90% downside day – when 90% of the volume is to the downside. The market participants were nervous for quite some time and…
Friday September 9 2016, stood out in the market. For the first time since July 8, S&P 500 closed more than 1% from previous day’s close – it shed 2.4%. The selling was continuous and high-volume. The volume for Dow Jones Industrial Average was 53% higher and for SPY, Select Sector SPDR, the volume was 199% higher.…
Weekly Chart Analysis Current Status: Updated on Saturday September 10 2016 Last day of the week ending on September 9 saw the largest percentage drop for S&P 500 since June 24, following the Brexit referendum. For the first time since July 8, the index had a swing of more than one percentage from previous close – a stretch of 43 days. On…
Dog Days bright and clear Indicate a happy year; But when accompanied by rain, For better times, our hopes are vain. — Dog Days of Summer Folklore Sirius is the brightest star seen from Earth in the constellation Canis Major, the Greater Dog, which is in the Southern Celestial Hemisphere or the Southern Sky. Being the most prominent star…
Monthly Chart Analysis Current Status: Last Updated on Thursday September 01, 2016 Current Trend: Uptrend Last Pattern: Rectangle (broken in Apr-13) Current Streak: 1 Down month Last Six Months 5 Up months Last High 2193.81 in August 2016 High Month Low Month Last Swing 2116.48 Feb-16 1810.10 Nov-16 Previous Swing 2134.72 May-15 1867.01 Aug-15 Pivot:…
On Monday August 15, 2016, S&P 500 future broke out to the upside from a constellation of bullish patterns on intraday charts. Let’s take a look. First Rectangle Trading Box The first pattern on the 2-hour chart is a rectangle trading range. This range is shown by the lines ‘A’ and ‘B’ in the chart. Following better than expected…
Long Term Still Looking Great On the monthly-timeframe, S&P 500 is on an ever extending up move. In the last twenty years, markets had two major melt-downs and two major tops excluding the current rally. These reversal points formed a nice looking rectangle trading box for the S& 500. The upper limit is bounded by the highs of…
Ralph Nelson Elliott noticed in 1930s that the up-and-down movements in the stock market prices have identifiable patterns. Based upon this observations he deduced a wave structure that he named The Wave Principle and published a book in 1938 detailing it. Now it is known as Elliott Wave Principle. After Elliott’s death in 1948, many people…
The U.S. economy is giving out good and bad news. On July 29th, the Bureau of Economic Analysis announced that the U.S. real GDP grew by an annual rate of 1.2% in the second quarter of 2016. In historical terms, this is a dismal performance. The average real GDP growth rate from 1947 to 2007 was…
Jesse Livermore was a legendary trader and many people have written and blogged about him. Once in March 2010, while reading some of the books on him and by him I made few notes and now thought of sharing them. So here they are – I have used first person to indicate what he wrote…
This from Bloomberg. The U.K.’s decision to leave the European Union inflicted an immediate blow on the economy as business activity shrank at its fastest pace since the last recession seven years ago. In the weeks following Brexit, there was a “dramatic deterioration,” Markit Economics said in a one-time report published Friday. Services and manufacturing shrank…
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