maccabean

maccabean

Set back during the .com bubble. Set stocks to underweight. All indicators show market overbought.

maccabean

Looks pretty clear to me that with falling Oil prices, and a bounce off the former upward trending support, we have a megaphone formation appearing in the price. This means that we are likely headed for a target of roughly 7000. Possibly beyond that with a negative catalyst. As a leading indicator for the DJ30, DOWI with Dow theory, this signal is extremely negative.

maccabean

Am I the only person looking at this chart? There's no other commentary. Look at this chart and tell me if this looks really dangerous. The SPX and NZD (NZ50) has correlated tightly since records go back. Looking at this chart, there has been a clear divergence in Nov 15. The SPX500 remains expensive at 25 PE ratio, while the NZD has continued to rocket up,...

maccabean

I could bother to post all the dozens of indicators that show the price is overbought. But I won't. I won't because the only proof you need is to see all the lack of red dots in the last couple of days. I'd say most bears have capitulated by now, and that market complacency has crept in. The market may continue to go up a little more as a bull trap, but not by...

maccabean

Several Indicators say the price is overbought. A move below upwards trending line and a move below parabolic SAR at about 18550 could hit a well placed sell stop order.

maccabean

This really, really doesn't make any sense. This low not seen since August 2015. You would think that the US economy is in great shape... Anybody that says there's not a bubble here is deluded. www.alphagenerate.com

maccabean

Remember that AUDJPY SPX correlation that was so strong last year? It's completely broken down. When the AUDJPY fell in sync with the stock market that usually signified that there was a market move from risky to safe haven assets. Lately, even though the AUDJPY has fallen and stayed flat, the stock market has rebounded strongly and threatens to rise higher....

maccabean

The Turkish lira vs the euro is about to make a big move in either direction, with Bollinger band starting to squeeze. A big move down would open up a fantastic carry trade opportunity considering the swap. For a similar diea, consider the rand, but with the possibility of gold falling after the referendum, I prefer this trade.

maccabean

Please vote on whether you think the Brexit will happen or not: twitter.com The support as indicated above is extremely important. A break below and it's all over red rover.

maccabean

MACD crossover + CCI move into outside channel. Very bearish but consolidation at falling trend support line.

maccabean

So after yesterday's pullback from the highs, I believe it has a long way to go yet before we see some price stability. Here are a my reasons. 1. MACD showing crossover. 2. Close below upward trending line. 3. Extremely low volatility which may lead to spike in volatility as price picks up rocks on its roll down. 5. Not oversold. 6. Price bounding off...

maccabean

If the second candle closes below the MA50, time to sell.

maccabean

The USDCHF is currently consolidation and trading within a downward range. The correction and retracement is not far away, and will occur by the 15th of April. You will see a break above from the historical support. Wait for a break above the resistance line.

maccabean

Not sure what this means or if its a sign of things to come but the AUDJPY which have historically been highly correlated are now dramatically diverging. I would say this is a bearish sign as typically drops in the aud/jpy represented a risk off atmosphere.

maccabean

Although in typical current market style, the price bounced off a support region to shoot up, the price did fall below the last low which I think is important. It potentially means that selling pressure is increasing.

maccabean

When is this rally short covering rally going to end? It already has. It's just bounced off monthly resistance. But besides this, how do you know it's the end of the rally? Surely the there must be more than one technical indicator? Well you're right. A crossover of the MACD and a break below the upward trending support would confirm this rally is over plus a...

maccabean

Looking at support and resistance lines plus various moving averages, I would say the DJ transports is like to range for the rest of this year or until September. After this time, this is when the market in general will make a decision about where the market is headed. My bias is for the downside. At the current moment i'd say its a good sell to support.

maccabean

I have a solution. Use the moving average 50 period low. Check the 4h chart on US30. Insert a 50 period moving average low. Insert support and resistance lines. You will notice a couple of things, at the end of the last equity rally, it was profitable to short the market EVERY TIME once the price CLOSED below the 50MA. In other words you couldn't go wrong...