U.S. Major Indices: July 2019

The large cap indices – S&P 500 and Dow Jones Industrial Average (DJIA) – are in confirmed uptrend along with the tech-heavy NASADAQ Composite. Their all three timeframes – monthly, weekly and daily – are showing varying degree of uptrend and bullish chart formations. The broader market index, Wilshire 5000 Total Market Index, is also…

Market Set To Make A Reversal

Friday, November 16, 2012, saw major US indices make reversal days. Almost all – Dow Jones, S&P 500, NASDAQ and Russell 2000 – had outside reversal days. Dow and Russell 2000 also made bullish engulfing candles. In outside day pattern the high of the day is higher than the previous day’s high and the low is lower…

Roadblocks Hit: Daily Remarks – Friday August 24, 2012

Thursday: Stocks Ease So Does Volume Early Thursday morning – New York time – the US futures were heading higher from the decline of Wednesday. YM, the DJIA mini futures, was even threatening to form an inverse head-&-shoulder pattern. However, the US unemployment claims report punctured the optimism and the futures lost their steam. For…

Daily Remarks – Wednesday August 08, 2012

Tuesday Roundup: Tuesday saw global stock market add to their recent gains. Investors treated the news emanating from Europe to be either benign or favorable. Germany’s government and Bundesbank hinted that ECB’s plan to buy bonds will not be a problem. This was enough for the European markets to continue to believe that ECB will…

Market Outlook – Tuesday August 07, 2012

Monday Roundup: Global markets continued their upward march started by the encouraging US payroll report on Monday. North American stocks closed off their best levels of the day and the volume was lower – 75% of Friday’s level for DJIA. US indices raced out of the gate at the 9:30 AM open and then plateaued at their…

Market Open – Monday August 6, 2012

Friday Wrap-Up: Finally, after two big disappointing events, the third mega event of the week brought smiles on the faces of bulls. On Wednesday Federal Reserve decided to do nothing to address the sluggish growth. On Thursday, ECB said that it may do something but did not say when. So the markets were generally in…

Market Action – July 25, 2012

The US equity markets had a mixed performance on Wednesday July 25, 2012. Tuesday was a big down day continuing the trend that started on last Friday. During this time the S&P 500 lost -2.78%. The global equity markets also did not fare well and Global Dow index (GDOW) lost more than -4.00%. Overnight’s global…