All donations go towards web site maintenance for all of Technical Watch,
keep it free of charge, and may be tax deductable as an investment expense.


PayPal Verified
Join our market chat sessions every Tuesday and Thursday at 4:00 pm Pacific time!
More information on subscriber services can be found at
http://www.technicalwatch.com/subs.htm




Support Technical Watch!
Buy from our Book Store!
Register Calendar Latest Topics
 
 
 


Note: This topic is locked. No new replies will be accepted.


Reply
  Author   Comment  
fib_1618

Moderator
Registered:
Posts: 4,458
Reply with quote  #1 

Quote:
So with these mixed signals, we'll have to wait and see how things go next week as we continue to look for our next chance of a tradable top sometime after the mid October period.

Well, we had another mixed week with the US markets as the large caps clawed their way back up to their September 14th price highs, while the mid and small cap indexes continued to try to hold the line at their 20 day EMA's, and the NASDAQ marketplace finding itself somewhere in between the two.

On a positive note, the DAX and FTSE advance/decline lines both moved sharply into new high territory, while the Aussie advance/decline line finally broke above its intermediate term declining tops line on Tuesday. The NYSE Bond CEF, Preferred, and Specialty advance/decline lines also continued to see good gains as well, while the NYSE Composite advance/decline line came within 153 net advancing issues short of its all time highs at the end of the week.

On a negative note, the NYSE REIT and Precious Metals advance/decline lines remain soft but constructive, and the NYSE Common Only advance/decline continues to struggle in its broader attempt to break out to new highs.

So the bottom line for this week is that we continue to get signs of a maturing advancing trend, and unless fresh funds start finding their way on the buy side soon, we might be in store for a more lengthy corrective process that could begin in the next two weeks and might last into the end of the year.

But for now, we'll follow this week's BETS indicator reading of +50 - "hold with a bullish bias" - until proven otherwise.

Have a great week of trading!


US Equity Markets:












US Interest Rates:



US Real Estate:



Precious Metals:






Australia:



England:



Germany:


__________________


__________________
Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:






Copyright 2000-2017 Technical Watch