Archive for May, 2010

Update: DOW Done Dropping??

May 26 2010

(DJIA) Is the Dow done dropping? It’s everyones question in the market this week. In the image above we can see that price has hit a “Major” support level and it’s holding strong. For now we still play the trend which is down but as traders we must be prepared unexpected movements. This week…

OIL: S/R levels and correlations

May 21 2010

      (OIL) In this (crude oil) image you’ll see several points where price has created very significant support at $70. Price is currently sitting around $70 area and seems to be holding. If support continues to hold we’ll most likely see a bounce to $75 area or higher. If support…

Indices: Watch the levels

May 20 2010

DJIA As you can see from this image the DOW has several significant S/R levels to be mindful of. Its currently sitting in a 420 pt. channel so look for a bounce or break of 10,260. Recent trend has been down so if it does break, the next major level…

A Great Recap From MarketWatch

May 16 2010

This is a great recap from market watch covering many of the important topics of last week and surely important issues going into this week.  Have a look at the following articles, they are interesting and relevant to what could be seen happening in the market this coming week. Enjoy, ———————…

The JPY is going STRONG!

May 13 2010

The Japanese yen outperformed after equities priced in the possibility that this weekend’s proposed European bailout package may not be enough to fix the problem, but only stop the bleeding temporarily. U.S. stocks rallied through the U.S. trading session because of reports that the U.K. Conservative and Liberal parties agreed…

Sunday Update: All Eyes on EU

May 09 2010

Last week we saw the most extreme panic since the global market crash in the end of 2008. Whether or not it was largely artificial, there was definitely “blood in the streets.” Last week The early increase in risk aversion was the result of Greek protests over the passing of austerity measures…