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- Last Update: 21 February 2019, 17:44
General Market Commentary
Organization of charts starts with my key indicators
$ 001 Information posted showing significant changes by date
$ 002-019 Key Indicators updated as they change.
$$ Current Buy signals
$$ watch... our Watch list picks--kept as relevant
$$$ Results from past signals
Look here for key daily comments.
2/8 Green line nearing upper channel breakout implies top is near. Looking for short or long term top to develop.
1/26 After a 3+% gain the signal is slowing down. I expect a sell signal soon.
1/15 Signal turned Green= BUY
10/22 The $INDU dropped 7%, in line with our 6% prediction.
10/15 Monday of last week signaled the 'substantial drop'.
10/4 Red signal drops to support line. Further weakness could signal a substantial drop.
8/6 Signal goes green. Let's see if it can break above resistance lines (red).
7/31 Signal line turned RED. Other indicators are joining in on the downside.
7/25 The short lived rally is fizzling. Yesterday's major average uptick was on light volume and participation.
7/20 A green bar! Time to reevaluate conditions.
7/10 A green bar would convince me we are in a Buy mode.
6/28 Signal turned red. Lower band dropped. Both confirm correction.
6/24 Signal line is still green but pulling back. It confirms 300 'Deadeye' sell signal.
6/14 Five consecutive Green bars is a very strong up leg. A slight pause in the overall market is likely.
6/5/18 Signal broke above resistance. Looking for more market strength.
5/29 Elder green bar holds in spite of a sharp market drop.
5/24 BPNYA shows resistance at 59 (red line). SPX shows support at 2706.
COMPQ shows support at 7334 and the DOWHILO is having trouble
breaking above 8 (green arrow). This 'stalemate' looks like a pause in a
climbing market. June is usually a down month but we may be surprised
because my technical indicators for individual indexes are holding strong.
5/23 May hit resistance (BPNYA)or plow upwards (DOWHILO).
5/19 A rising Signal Continuation Band or Price bars piercing the top of the
Band signals continuing market strength.
5/17/18 Nearing resistance. Maybe 1 or 2 weeks of short term rise remaining.
5/5 This signal is still holding while our picks are rising. There are many new picks this week.
5/1 In spite
2/6 Under Construction
10/9 It's a downturn.
10/4 Dramatic drop could signal a new downturn.
This identifies the volatility index $VIX so that a rising $ONE:$VIX implies a rising DOW and a falling $ONE:$VIX implies a falling DOW.
Jan 21; Peaking. Expect a drop soon.
1/17 Buy Signal
10/9 A downturn is established.
9/14 It seems to be drifting upward since the late June shallow dip.
8/9 Tried to break upward 3x in the last 9 weeks. No rally here.
7/16 More of a topping than any strong bull run.
10/12 Deadeye indicated two failed attempts by the bears in June and July. This indicator was finally vindicated by this weeks sharp drop.
10/4/18 Deadeye hit 60 well short of the reading of 100 needed for a severe drop signal.
When Deadeye exceeds 100, the major market indexes drops about 10%. This happened 5 times in the last 5 years.
2/14 After a 14% movement up a pause is reasonable. A retracement to ema 100 seems likely. We'll see. I expect another robust climb for another 10-15% gain before a correction.
A quick guide to overall market direction.
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