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…

December Brings Santa Claus Rally

“Santa Claus Rally lasts the final five trading days of the year and first two of next year. During this period, S&P 500 has been up 73% times since 1970 with an average gain of +0.8%.” “In November market’s price action turbo-charged it and gave clarity to many of the patterns that have been evolving for many months. The…

Playing It Safe – The Other Way

Recently, the Wall Street Journal published an article, “The Biggest Money Mistakes We Make – Decade by Decade“, on the money mistakes that people make during their life at various age-levels. Their relationship with money and understanding of it evolves during their lifetime and they make different types of mistakes. Young people in their 20s, either because of…

Is There An October Surprise In Store For Markets?

Historically, in October, many market crashes occurred and many bear market died. Whether we will get an October Surprise or not this year remains to be seen but there are many emerging patterns and potential events on the horizon that need to be analyzed to form an informed opinion about market’s current environment.