Buy and Sell Signals, Market Analysis, Money Flow, True Strength

Michael Pitre Has Had Over 50 Followers Rank: 22 Followers: 65 Votes: 99 Years Member: 9 Last Update: 25 October 2014, 8:06 Categories: Market Timing
ETFs
Swing Trading

etfmaintrends.com

Visit me at etfmaintrends.com....link on the left under my name

Thursday Update

We have backtests under way of broken trendlines. See the SPY
chart number 6 below. There was a perfect backtest of the broken
uptrend line today. This move up will have to clear that line if it
wants to embark on a new strong uptrend. There were a lot of
indexes that faded as the day went on. This is normal but the
fact that the fade started right as the backtest were completed is
something to be aware of.

At the bottom of page one I added a Yen Carry Trade Chart. I
also added this to the bottom of chart two below. The Yen
and SPX have a high correlation of moving in the opposite
directions. If the stochastic on the Yen in the bottom chart starts
to rise then the odds are that the Yen will follow through and this
then puts downward pressure on The S and P and vice versa.
Right now the Yen if falling and the SPX is rising.

This is good to track...keeping an eye on the Yen for clues
to where the SPX is headed.

Less

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I like to keep tabs on this chart for a number of reasons. I have included VIX and NY up down volume. Indicators rolling over.

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QQQ and the Nasdaq have been the leaders so far this year.

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This chart almost had a triple moving average cross but it rebounded just in time.

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This chart is for help in finding market bottoms. It is not used for finding tops...just bottoms. It's done a good job over the last few years.

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! Japanese Yen - Carry Trade

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