Wednesday, July 19, 2017

Economic Reports for July 20th - Employment data

Tomorrow's employment data could move the markets. Something to be aware of.




Tuesday, July 18, 2017

NDX ATH's again ??

The up-move that started in NDX on 7/7 has been strong, taking us back to the ATH's today. Although the uptrend is very strong the market could very well go sideways from here for a few weeks before determining the next direction.

The 30min time frame the index has moved up considerably since its breakout on 7/7.


The daily time-frame shows the index's almost parabolic move and seems a bit over stretched above the 50 DMA.


Friday, July 7, 2017

NDX 30m vs Daily chart


30 Min: chart shows a range bound movement between 5670 and 5570. Today we closed at the top of that range. Monday will be interesting to see weather we breakout of that range or move down to the bottom of the range.


Daily: Today's big green bar above the 50 DMA is bullish and could be signaling a reversal of the down trend in NDX.



Wednesday, July 5, 2017

NDX another leg high or lower??


30 Min Chart shows could be another leg Lower:


Daily Chart shows could be another leg higher:


Thursday, June 15, 2017

NDX

June 14, 2017

Wednesday, May 17, 2017

NDX down $143 BTFD?

NDX fell $143, almost a replay of 3/21 which put us in a box for a month until 4/21. The market gaped up out of that box on 4/22. What happened today could do the same? We trade in a box for a month and breakout after a month or stay in it for the rest of the summer? Is it time to buy the dip? I would not be surprised to see that happen tomorrow as we have seen it happen so often. I was thinking of the consequences of the dip buyers today if you thought it was just another day where the market reverses mid day and closes near the highs of the day. It was definitely a trending day with one straight line downwards VIX was up +4.9 USD was down -5.8 the markets reaction is unknown to me either political of banks related? who knows. I believe it was just another correction that happens after a steep market moves.



Thursday, April 27, 2017

GDP Price Index released Friday AM



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12:30 USD Gross Domestic Product Price Index (Q1)  PRELIMINAR    2.0%    2.1%
12:30 USD Gross Domestic Product Annualized (Q1)  PRELIMINAR    1.3%    2.1%

Changes in the GDP price index are followed as an indicator of inflationary pressure that may anticipate interest rates to rise. 

Generally speaking, a high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.