Dow Jones Archive

  • So support now lies at 17434 and 17120. Daily closings below these numbers will signal a near-term correction. Holding 17434 on a closing basis in any retest of support signals a revisit of the resistance. Only a weekly closing above 17846 will signal a retest of the major high. Do not expect a breakout until 2017.

    The Dow — What’s Next?

    So support now lies at 17434 and 17120. Daily closings below these numbers will signal a near-term correction. Holding 17434 on a closing basis in any retest of support signals a revisit of the resistance. Only a weekly closing above 17846 will signal a retest of the major high. Do not expect a breakout until 2017.

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  • Primitive analysis is unable to see outside one dimension. I suppose there are people who can only see a straight line. That one-dimensional observation limitation typically condemns them to government employment or they become a follower. True, no matter what you show them they will not be able to grasp the substance of what you are saying.

    The Interconnected Fractal Nature of Everything Causes Negative People to Lose Everything

    Primitive analysis is unable to see outside one dimension. I suppose there are people who can only see a straight line. That one-dimensional observation limitation typically condemns them to government employment or they become a follower. True, no matter what you show them they will not be able to grasp the substance of what you are saying.

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  • The key level to watch today is 15940 for the close. This is our Weekly Bearish and if it holds for the closing, then we may see a bounce next week.

    The Dow and 15940

    The key level to watch today is 15940 for the close. This is our Weekly Bearish and if it holds for the closing, then we may see a bounce next week.

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  • A Sling Shot differs from a Phase Transition whereas the former you go down FIRST and then swing around and make new highs. This was accomplished from both the 2007 top as well as the 1998 high no less 1987. A Phase Transition is simply an explosion to the upside which typically lasts at most 2 years or about 13 months.

    Dow & the Trend For Now

    A Sling Shot differs from a Phase Transition whereas the former you go down FIRST and then swing around and make new highs. This was accomplished from both the 2007 top as well as the 1998 high no less 1987. A Phase Transition is simply an explosion to the upside which typically lasts at most 2 years or about 13 months.

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  • So far January is a bust for global investors. In just four days, $1.6 trillion in market value has been destroyed according to the S&P Global 1200, which tracks 70% of the worldwide market capitalization.

    Investors Down $1.6 Trillion, China’s Rudderless Market to Blame

    So far January is a bust for global investors. In just four days, $1.6 trillion in market value has been destroyed according to the S&P Global 1200, which tracks 70% of the worldwide market capitalization.

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  • The U.S. share market has fallen following the problems in China. We elected the Daily Bearish Reversal at the 16933 level and this warned of a test of the next important support zone. A daily closing below 15980 will warn that we may in fact penetrate last year’s low and pull off a slingshot move.

    DOW & the Decline

    The U.S. share market has fallen following the problems in China. We elected the Daily Bearish Reversal at the 16933 level and this warned of a test of the next important support zone. A daily closing below 15980 will warn that we may in fact penetrate last year’s low and pull off a slingshot move.

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  • For the second time this week, China’s stock exchange saw a closing due to limit down (7% move). It happened early in the day (actually, only half an hour into the trading day) which spread an uneasy tension to the Nikkei and Heng Seng. The Nikkei lost 2.33% (as the JPY strengthened), whilst the HSI closed down 3.1%.

    Market Talk — January 7, 2016

    For the second time this week, China’s stock exchange saw a closing due to limit down (7% move). It happened early in the day (actually, only half an hour into the trading day) which spread an uneasy tension to the Nikkei and Heng Seng. The Nikkei lost 2.33% (as the JPY strengthened), whilst the HSI closed down 3.1%.

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  • U.S. index futures jumped, signaling the Standard & Poor’s 500 Index will rebound from its worst start to a year since at least 1928, as China fixed the yuan higher for the first time in nine days and equities in Shanghai rallied.

    U.S. Index Futures Signal Rebound as Yuan Fixing Soothes Nerves

    U.S. index futures jumped, signaling the Standard & Poor’s 500 Index will rebound from its worst start to a year since at least 1928, as China fixed the yuan higher for the first time in nine days and equities in Shanghai rallied.

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  • U.S. stock markets are off to a lousy start in 2016, the worst start for the Dow Jones Industrial Average in 25 years, in fact. But if you’re thinking about selling all your shares and mutual funds and burying the cash in a fruit jar in the backyard, don’t.

    Market Turmoil: Don’t Panic, There’s Always Something

    U.S. stock markets are off to a lousy start in 2016, the worst start for the Dow Jones Industrial Average in 25 years, in fact. But if you’re thinking about selling all your shares and mutual funds and burying the cash in a fruit jar in the backyard, don’t.

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  • We elected a monthly Bearish Reversal at year-end and closed lower than 2014. The main support starts down at the 15850 level followed by 15370. We can see even technically the stochastics are showing a correction is forming and we lost the upward momentum. A monthly closing beneath that level will confirm a deeper correction.

    Dow & the Immediate Outlook

    We elected a monthly Bearish Reversal at year-end and closed lower than 2014. The main support starts down at the 15850 level followed by 15370. We can see even technically the stochastics are showing a correction is forming and we lost the upward momentum. A monthly closing beneath that level will confirm a deeper correction.

    Continue Reading...