Traders routinely fixate on short-term price movements in their chosen financial instruments. Longer-term investors need a wider focus on stocks, forex, indices, FED actions and commodities to gain a better market perspective. The performance of US markets is worthy of mention, particularly since the epic global meltdown following the financial crisis of 2009/10.
The Markets in Perspective: What Goes up Must Come down? Read More »
“It’s déjà vu all over again.” Is one of Yogi Berra’s famous original quotes and the same can be said for the DOW right now. The weekly chart on the DOW is flashing the same Japanese candlestick signal that it had earlier in April of this year. Back then the DOW dropped from 11,200 to
How A Japanese Chart Formation Could DOOM the DOW Read More »
Moving averages are one of the most widely followed indicator in technical analysis.
Simply put, when the price of an index or stock stays above a particular price moving average line on a chart, that price level serves as support — a level where buyers reside.
DJIA’s 200-Day Moving Average: Will the Dow stay above or below this demarcation line? Read More »
