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9500,
advance-decline chart,
advanced batteries ,
advanced battery industry,
ageing population,
aging population,
alternative energy,
buying on pullbacks,
carbon capture and storage,
cash mountain,
china autmobile sector,
china car industry,
clinical solutions,
cloud computing,
crowded gold trade,
crude oil supply,
dollar continues to break down,
dollar to oil ratio,
EEI Corporation,
electric car,
electric cars,
EMR,
Ener1 breaks out,
engineering stocks,
Flour breaks out,
gold break out,
healthcare information technology,
healthcare infotechnology,
healthcare IT,
healthcare reform bill,
infrastructure boom,
infrastructure stimulus,
LED,
lithium ion battery,
market correction,
market pullback,
megatrends,
new energy vehicle,
new highs,
new lows,
next generation lighting,
nuclear energy,
oil weakness,
oversold condition,
pandemic medicines,
Philippine Stocks,
portfolio allocation,
renewable energy,
revenue management cylcle solutions,
S P Fibonacci levels,
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Technically Speaking: Broken Trendlines
The breaking of trendline also means that a new formation is going to be formed, either a continuation pattern or a reversal pattern.
So far for the current S&P chart, no direction yet is being established that is why we have to be careful taking a position on either long or short side. Now how de we participate in this kind of market? Here are some options:
1) Take a vacation and wait for the pattern to fully form.
2) Keep your size very very small.
3) Aside from the MACD, use stochastics to see if your stock is oversold then participate in light volume. Be quick!
Spook Me Not
The government's first estimate of U.S. gross domestic product showed the economy expanded at an annual rate of 3.5 percent in the third quarter, suggesting it was emerging from the worst recession in 70 years. The quarter of growth was the first after more than a year of contraction in GDP.
The S&P bounced off its bullish intermediate trendline with extra oomph from better than expected GDP data. The easy money has been made and this news is, in hindsight, late. For what its worth, I hope this would quell at least a significant amount of negativity that has been hounding the markets. No more double-dips hopefully.
Advance-decline indicators tell a lot about the characteristic of the markets' breadth, whether most of the stocks are going up along with the index or just a few. The trend of more ups than downs had been broken last week and it seems that last night's broad strength was first after how many days of general weakness. The weekly NYSE advance-decline trend tells us that we are close a resistance in terms of broad market strength. I expect volatility in the coming weeks. That is my expectation but without outsmarting the market, the weekly chart tells us that the broad strength trend may even try to break 2 year highs.
The Nasdaq advance-decline trend had been bullish for 6 months now. Stay positive on this sector.
The trend in new highs and new lows has turned up significantly and hopefully for the bulls this trend continues. The NYSE New Highs-New Lows weekly chart tells us that it seems that the trend has just turned around. But so far, it seems weak.
Another glass half full and glass half empty question. I am really hoping that in the end, we will be right in saying that there is nothing wrong with the market, it is just overbought.
HEV price target
The author is long HEV.