I updated the charts for NDX, NYA, DJIA, RUT and COMP in the past few days. The picture is mixed at best, with RUT, for instance, looking quite overripe, and COMP looking like it’s seriously considering 3343. The DJI is happy as a lark making new highs, while NDX is coming up on all kinds … continue reading →
Tag Archives: NDX
Around the horn with major indices and currencies… Like SPX, most are at a threshold where they must either break down or break out (I think “break down,” but we’ll know soon enough.) Coming up: VIX, RUT, COMP, NYA, NDX, DJIA, FTSE, SPX, DX, EURUSD, USDJPY, AUDUSD, CL, GC, SI. And, yes, I’m happy … continue reading →
It’s been a while since our last look at the big picture in NDX. I’ve focused more on broader indices such as SPX, RUT and NYA. And, NDX has been subject to excesses, thanks to the impact its largest component — AAPL — has on its performance. But, over the past several months, it’s been … continue reading →
UPDATE: May 8, 2012 The past two forecasts are still holding up well. I still believe we’re likely to test the large red rising wedge as detailed below. The completed H&S pattern targets 2446, which the large red RW crosses around May 16. It also permits a wave down that doesn’t overlap with the October … continue reading →
Lots of updates posted here tonight: SPX, DJI, VIX, COMP, NYA, NDX, DX and EURUSD. Summary charts here, or check the index tabs under the MARKET tab in the MENU. I’ll have the rest of the indices and the metals posted later today. Each of these will typically be updated at least weekly, while I … continue reading →