Markets – Macro – Technicals

Lookout

lookoutWelcome to “Daily Charts”This section of the website is largely focused on select technical charts we find of interest as opposed to in depth market analysis. None of these charts constitute a trade recommendation, but you may find them helpful for your own analysis.

More detailed market reviews and analysis will be found in the also public “Market Analysis” section of the site. This is where we post more in depth content such as the popular “Weekend Chart” segments.

Daily, in depth market analysis, charts, market and trade strategy discussions are available to members in the “Member Content” section in addition to the private feed access. On how to become a member please visit the “Sign-Up” page.

On to charts: The charts indicate that markets are getting close to resolving the range they have been in. Fed speakers and the Fed’s minutes have indicated that “market reaction” is very much on the forefront of their minds in regards to any policy decision they may or may not make. Earnings are now coming to the forefront and are likely to break markets out of the recent range. We are on the lookout for this breakout or breakdown.

Some key $ES key levels:

ES

$DJIA:

DJIA

$BPSPX:

BPSPX

Bullish/Bearish Allocation:

BB

 

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3 Responses »

  1. resolved today with an upward breakout. We are nowhere close to high valuations with corporate buyback season starting up again and QE 4 on the horizon

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