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: NYA
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 →
Came close Friday, but didn’t happen. A ZBT requires a move from .40 to .60 in 10 sessions or less. Here’s a successful signal from Sep 2011: And, here’s where we ended up Friday — the 10th session from the .40 cross: Ditto for NYSE & DJIA too, BTW. … continue reading →
The May 8 forecast for NYA was for the index to plunge from 7815 to 7340. The forecast worked out well, as Friday’s low was 7286 (a quick 7% return, yay!) As noted in that update, 7340 doesn’t really match up with any particular Fibonacci levels. And, it doesn’t intersect with the rising wedge until … continue reading →
UPDATE: May 8, 2012 NYA has completed its Head & Shoulders pattern, targeting 7340 on the downside. The Mar 30 forecast has played out nicely, although it took a little longer than expected. My gut is that NYA will remain stalled between 8300-8450 and not complete the larger Bat pattern at 9679. I suspect it … 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 →