stockmarket technical analysis - stockmarket technical analysis

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stockmarket technical analysis - stockmarket technical analysis

stockmarket technical analysis - stockmarket technical analysis

what the  stockmarket technical analysis? What this all about..... See below. 

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Sentiment Trader told   ==> our VIP MEMBERS here <==  that Stocks closed higher on Friday as investors shrugged off worries about a possible government shutdown.

The S&P 500 rose 0.4 percent to close at 2,810.30, a record high, with consumer staples as the best-performing sector. The Nasdaq composite climbed 0.6 percent to finish at 7,336.38, also a record.

The prospect of a government shutdown isn't putting a lid on this boiling market you can see the the S&P chart has busted out of an uptrend channel. 

We are watching this carefully as our predictions are coming true day by day here.  -- See the chart below.... 

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Our Members here => VIP members here    Were told On Thursday, the House passed a bill to keep the government open. The bill is now in the Senate's hands, where 60 votes are needed to send it to President Donald Trump's desk. Republicans only hold 51 seats in the Senate.

Historically, a government shutdown has led to a short-term pullback in the stock market.

Equities have seen an increase in volatility this week. On Tuesday, stocks closed lower in a major reversal that knocked them off of record highs.

While these continuous gains are good, we are still cautiously optimistic with the rates rising, but we think any large dips could be or [represent] buying opportunities. 

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DJIA chart

Taking a look at the dow jones daily chart you can see the sell off has continued.

We are seeing more profit taking by the big guns also, as we explained here 

We are nearing significant support as the debt crisis and the Gobbermint shutdown continue.

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Market update october

Market update October

There is no doubt the GOVT shutdown is having some sort of affect on the market, but it is more directly related to the debt ceiling agreement that is coming up in the next few weeks. We shall see what sort of BS the congress has in store for us then. I always get a good laugh out of their lies, BS and propaganda. Thank goodness that in the VIP MEMBERS AREA HERE  we only  concentrate on all the charts that do matter. It has been a good week for our  VIP MEMBERS  HERE 

Onto the charts.....

With all this downdraft on the markets, you can see that the S&P is in a downwards channel. Things are still favoring the bears, and below 1700 should be bearish, and above this level should be bullish in my eye. We shall see what happens next!

spx daily chart 

We have been watching the VIX very closely, as a few days ago, we did warn it was staring to look particularly strong! Just look at all the events moving the vix at the moment, pointed out in the chart below. Today we broke 18 on the VIX as you can see, but by the close of the market the sellers came right back. Breaking 18 today, is significant, and does mean two very important things.....

1) Traders are looking for a flight to safety and insuring their bets on the market. 

2) There is a good chance we see higher prices on the VIX soon. 

If these things are true, it will only put more pressure on the stock market and indices.

VIX chart

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Debt Ceiling Crisis - The devil debt ceiling Crisis

Debt Ceiling Crisis - The devil debt ceiling Crisis

You have to hand it to the US government. They are certainly innovators when it comes to the US economy. LOL. Just as you think they have run out of crisis' up pops the debt ceiling again whcih could see the Obama administration run out of money again by OCT 17th next month.

To be precise no president in the history of the US has been in this position where they can no longer borrow, and he is in uncharted territory here.

Investors are certainly feeling the pinch recently, as the DOW JONES hit a nice resistance point and has sold off all this week.

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spx daily chart watch

U.S. stocks dropped on Wednesday, with the S&P 500 index recording its longest decline since December, as a possible government shutdown overrode better-than-forecast economic reports.

Let's face it, 2013 has been a very good year for the stock market, and traders who have been buying dips, but after the FED meeting a week ago, traders are pausing to worry about what is going on in Washington.

One of the few things you can say about the stock market is it hates uncertainty. Well this is definatly one of those times, and that is why there has been this selling off the last week or so.

The S&P 500 has now had 5 down days in a row now, confirming my thoughts, and we have not seen 5 down days in a row in a LONNGGG time!

spx daily chart

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