Desloges CFA is a professional investment consultant/ blogger/ trader
with over 25 years of experience working on the buy and sell-side.
have researched and invested in traditional and alternative asset classes and
worked at Pensions Funds, International Banks and Dealers. More...
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Insight Please remember to support my efforts by clicking on the ads on the blog but more importantly by contributing via PayPal clicking on the buttons on the front page... There is no Plan B, Only a B Plan... August 27
SP500 Index: Dead Cat Bounce or... ?
But the Real Interesting Technical Factor is that those gaps are within the Fibonacci retracement ( from the top on July 20 to the bottom on August 24) of 0.382 at 2032.5 and the 0.618 retracement at 1969.4.
Here's why an Apple bear changed his tune Two things happened Monday to cause Wells Fargo’s Maynard Um—a long-time Apple bear—to upgrade his rating on Apple’s shares from market perform to outperform. August 26
VIX and SP500: From a Fearless Market to Pricing Panic ?
But the most interesting factor s is that the VIX broke a Major Resistance Trendline from a Falling Wedge Pattern that started back in December 2014.
Also observe that the SP500 index is broke a Major Support Trendline from a Rising Wedge that started on February 25 2015.
SP500 Macro Tecnicals: From Break Out to Breakdown ?
Most World Stock Markets were trading in a Rising Wedge Pattern on a Monthly Basis as shown by the charts below. Only the Nikkei is the survivor on that financial turmoil. Most of the others are already in a Breakdown Technical Pattern on the Support Trendlines of those Rising Wedges, IF they do close at those levels at the end of the month. IF so, will have the confirmation of a Major Technical Rejection; a previous False Break Out.
SP500 Financials (XLF) : Broken Rising Wedge ?
But the most interesting Technical Factor for me, it is that the SP500 Financials (XLF ETF) broke on August 21 a Major Support Trendline from a Rising Wedge then at 24.58 that started back on October 15 2014.
Risk Turns Risky: Unpleasant Skew, Scale Dilation, and Broken Lines Valuations are the main driver of long-term returns, but the main driver of market returns over shorter horizons is the attitude of investors toward risk, and the most reliable way to measure this is through the uniformity or divergence of market internals. When market internals are uniformly favorable, overvaluation has little effect, and monetary easing can encourage further risk-seeking speculation. Conversely, when deterioration in market internals signals a shift toward risk-aversion among investors, monetary easing has little effect, and overvaluation can suddenly matter with a vengeance.
Has Apple hit bottom? Thirty eight analysts are maintaining price targets well above Friday’s close. Only one is still underwater. August 20
ETF s Volume Adv/Decl: Cratering ?
But the most interesting technical factor is that the ETFs Advance/ Decline Volume is within the oversold level as we are near a Major Support Trendline from a Rising Wedge on the SP500 Index and at the 200 DMA.
TSX60 Technicals - Daily Trendicator Back into the oversold zone on that Canadian TSX60 Stock Index Indicator. Blind Faith in China’s Stock Market The Chinese stock market has long been a policy-driven market, its ups and downs largely prompted by new government policies. Thus, the country finds itself in the bizarre situation of having a bear market when the economy is humming and a bull market when the economy is in the doldrums.
Emerging Markets: 50% Fibonacci at Play ?
But the most interesting tecnical factors are that we broke on the week of July 20 a Major Rising Wedge Pattern that started back in May 2009 but more importantly that we are near the 50% Fibonacci level at 34.33 where we found in the past some support ( August 2009 and October 2011) for EEM ETF. SP500 Consumer Discretionary (XLY): Outperformance vs SP500 ?
On a bigger picture, the XLY is back above a Riding Wedge Pattern that started on March 26 2015 as shown by the thick blue and red lines on the first chart below. It is also back above the 20 and 50 DMA...