Market Update - Video Analysis 11th September

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Market Update - Video Analysis 11th September

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Market Update 16th june 2013

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Market Update - Video Analysis 16th June

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Latest Market Update - 31st May 2013

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Market Update - Video Analysis 31st May
 

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Market update - holiday reversals

Market update

After and most exuberant rally, the S&P finally did break down from its rising support line.

There is a but though, BUT..... you have to understand we are in a holiday reversal mode. What does that mean?

Well in layman's terms, most bigger traders from Wednesday unwind their large positions before the three day weekend, so they can have fun, and take their mistresses to the Hampton for a few days.  *winks*

I explain more (about holiday reversals) in our VIP members section CLICK HERE To  Learn more!

I was surprised how well the day finished. As you can see, went sold off hard, but finished the day with the bulls who came back hard and we closed the day at 1650. We are in a resilient market.






The McClellan Oscilator has sold off back down to the -40 level, and at an area previously were we saw more buying come in. So next week will be interesting, especially later on in the week when the big money comes back into the market.

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Nasdaq Weekly Chart - The Nasdaq weekly chart

Nasdaq Weekly Chart

If we have a look at the Nasdaq Weekly Chart we can see just how amazing it is.

Now for those out there that do not know the different between bullish or bearish.

Bullish = When you see a chart go from bottom left to the top right that is bullish. 

Bearish = When you see a chart go from top left to bottom right that is bearish. 

The Nasdaq Weekly Chart is still showing us the bulls are in control.

Since 2009 we have not broken the fantastic rising support line seen below.

nasdaq weekly chart

No matter what the pundits out there are saying, this chart is bullish. Now I am not saying we will not see some dips, and maybe even some gigantic dips, but do not be surprised if we finish alot higher by the end of 2013. :-)


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