Charts of a Chart Addict, US Stock Indices, US long bond, currencies, Dow Industrials, Russell 2000, S&P 500. I just scribble all day long, the charts are a mess but who cares. The article is very wishy washy... just like the market so that should probably tell you something.
The EURUSD with a bit of Martin Armstrong... I did the chicken scratch. His are the pretty blue ones.... they just ended up there and I was too laze to cut them out.
https://www.armstrongeconomics.com/future-forecasts/video-update-may-1st-2016/
The USDCAD pair..... needs to tag the green line
The S&P 500 breaking out of an ABC channel... maybe. We haven't seen new highs yet or could this be similar to the 2000 to 2003 bear market or even the 1970's consolidation.
Isn't this the odd one out. The Russell 2000 is still within it's channel
The Dow Industrials are indicating the strongest momentum.
The USD index is coming out of a major descending wedge.... long term bullish.
My Conclusion is .................. your conclusion is as good as mine. Well really... The weekly indicators are crossing over so probably a bearish tone. I still have the 2016 - June and September and December PUTS so still bearish. However, this market could go up big time at this point, so have to be very nimble.
The only thing is... my Trend Wizard Timing Tool hasn't crossed over yet. So no confirmation on the sell side yet.
The EURUSD with a bit of Martin Armstrong... I did the chicken scratch. His are the pretty blue ones.... they just ended up there and I was too laze to cut them out.
The USDCAD pair..... needs to tag the green line
The S&P 500 breaking out of an ABC channel... maybe. We haven't seen new highs yet or could this be similar to the 2000 to 2003 bear market or even the 1970's consolidation.
Isn't this the odd one out. The Russell 2000 is still within it's channel
The 30 year treasury showing divergence between price and the indicator. So interest rates should go up... or at least an investor would think that would be it, but then again the world is a madhouse and the insane are running it now.
The Dow Industrials are indicating the strongest momentum.
The USD index is coming out of a major descending wedge.... long term bullish.
My Conclusion is .................. your conclusion is as good as mine. Well really... The weekly indicators are crossing over so probably a bearish tone. I still have the 2016 - June and September and December PUTS so still bearish. However, this market could go up big time at this point, so have to be very nimble.
The only thing is... my Trend Wizard Timing Tool hasn't crossed over yet. So no confirmation on the sell side yet.
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