Category Archives: Market Condition

There has been an observation, in the Chinese media, that US Dollar Index (USDX) follows a 10-year weak dollar period followed by a 6-year strong dollar period, at least 2 such cycles have been seen (from early 70s – ’86, … Continue reading →

Schaeffersresearch.com: “Potential short-term resistance for the SPX is at 1,320, the site of the pre-Lehman Brothers high in 2008, and 1,345-1,350, which was the site of resistance in 2011. Short-term support is in the 1,285-1,290 area, site of a late-October … Continue reading →

ChartAdvisor.comt: The bottom line is that the markets are still truly at a crossroads. There has been some very positive price action as many indexes have cleared some significant resistance levels and intraday price action this week was positive. Buyers have … Continue reading →

Schaeffersresearch.com: “…a year-end buying frenzy is on hold, unless the SPX can break out above its year-to-date breakeven and 200-day moving average, located in the 1,260 area. Without a technical and/or positive fundamental catalyst, the market remains prone to more … Continue reading →

Schaeffersresearch.com: bullishly biased.  Fear remains on the Street (favoring the bulls).  Major indexes are up against the resistance levels (implying potential pullbacks). But year end potential rally exists.  In the quadruple witching week, markets tend to be more positive, with … Continue reading →

Schaeffesresearch.com: “Technical speed bumps remain overhead, and headline risks linger, suggesting hedging is still a prudent strategy. But a breakout above resistance levels could be very rewarding for bulls, as short-covering activity and an abundance of sideline cash could provide … Continue reading →

ChartAdvisor.com believes the trading pattern has changed and it’s set up for a year end rally.  Near term the markets are overextended, ready for a pullback.  Those who missed the October rally may want to jump in to catch the last … Continue reading →

Schaeffersresearch.com: bullish, but notes that the indexes are trading near the top of the trading range, with significant resistance overhead. Chartadvisor.com: no update this week (yet). My take: The last 2 weeks have been equally surprising as the last 2 … Continue reading →

Schaeffersresearch.com: Reasonably bullish as the indexes are trading at the bottom of the range and right above major supports.  “With equities pulling back to potential long-term support areas as negative sentiment continues to grow, now is a good time to … Continue reading →