shortie schreef:

Griekenland gaat 4,8 miljard extra bezuinigen op een schuldenlast van in totaal 300 miljard dollar.....

Waar hebben we het over.....

Dear Subscribers,

The latest Tuesday Market Newsletter, issue no. 1278, March 2nd, 2010, is available at http://www.technicalindicatorindex.com To access this report, simply log in and click on the Daily button.

For those of you with busy schedules, here is an executive summary:

The Industrials ended flat, up 2.19 points Tuesday, closing at 10,405.98. NYSE volume was higher at 101 percent of its 10 day average. Upside volume led at 65 percent, with advancing issues at 70 percent, with upside points at 76 percent. S&P 500 Demand Power rose 3 points to 395, while Supply Pressure fell 4 points to 354, telling us the internals were moderately bullish. The 15, 30 and 60 minute Full Stochastics are in conflict so give indecisive guidance Tuesday night. Both the Daily Full Stochastics and the Monthly Full Stochastics are topping.

Friday's Jobs report could be a catalyst for a top. There is a seasonal cycle turn due this month, and several past turns have occurred around the end of the first week in March. That may be pulling (like a financial gravitational pull) recent phi mate and Bradley model turn dates toward it, the spring equinox cycle turn. We showed that analysis in this past weekend's U.S. market report at http://www.technicalindicatorindex.com If another such turn is occurring now, it is a top, and would likely occur soon. Whether the top comes this week or next, we believe a sharp decline will start soon. We are watching for the start of wave 3 down. If prices exceed the January 19th top in all major indices, it means Supercycle degree wave (B) from last March has further to go on the upside before completion. If one or two major averages exceed the January top, but several others fail to confirm, that would be very bearish for the stock market in general.

Tuesday's price pattern included a sideways symmetrical triangle before a decline into the close, the entire day's move possibly wave {iv} down. There was a very small rise after the triangle completed and before the end of day decline, which could be a truncated wave {v} up of a five-wave move for wave {c} up of 2 up. If so, wave 2 has topped and the late day decline is the start of 3 down. The other possibility is wave {iv} down finished Tuesday at the close, the triangle was the middle leg of wave {iv} down, and {v} up is next, a possible one percent +/- move for the final wave {v} up of {c} up of 2 up.

Once wave 3 down gets going, downside targets for 3 are the low 9,000's in the Industrials and the low 1,000 area in the S&P 500. A decisive break and close below rising trend-channel bottom boundary lines in several markets, the Industrials, S&P 500, and NDX in particular, would confirm wave 3 down is underway. There are bearish patterns showing up in these markets that suggest danger lies ahead. Closes below bottom trend-channel lines would confirm that danger has started. In the S&P 500, because the trend-channel's bottom boundary has a sharp upward slope, the level of support keeps rising, but tonight we are concerned about a close below 1,095ish. In the Industrials, we are concerned about a close below 10,300. If these levels are broken, trend-channel analysis suggests new significant downtrends are underway.


We continue to monitor Bearish patterns. The S&P 500 completed and confirmed a Head and Shoulders top pattern from November 2009 a week ago, meaning the probability of its downside target being reached, 990ish, is high. The plunge from January 19th through February 5th 2010 also breached the bottom boundary of an Ascending Expanding Wedge, which means the probability of its downside target, 975ish, is quite high. So two patterns now warn that the S&P will drop to at least the 975-990ish area.

Gold and the HUI are looking good, remaining solidly inside their rising trend-channels. There is some risk with the possible emerging Head & Shoulders top in the HUI, so we will not fall asleep, and keep an eye on it. That said, so far so good.

The percent of DJIA stocks above their 30 day moving average rose to 66.67 Tuesday from 60.00. The percent above 10 day remained at 63.33. The percent above 5 day fell to 70.00 from 76.67. The NYSE 10 day average Advance/Decline Line Indicator fell to positive + 661.0, remaining on a "buy" signal from February 11th, 2010, when it rose above the positive + 120.00 threshold for a new "buy."

Our three Blue Chip key trend-finder indicators (other than the Demand Power/Supply Pressure Indicator) remain on a "sideways" signal Tuesday. The DJIA 30 day Stochastic Fast rose to 66.67, above the Slow at 59.33, remaining on a "buy" signal from February 17th. The DJIA 14 day Stochastic Fast fell to 70.00, below the Slow at 72.22, remaining on a "sell" signal from February 23rd. The Fast has to fall more than 10 points below the Slow for a new "sell." The S&P 500 Purchasing Power Indicator rose to negative -61.98, remaining on a "buy" signal from February 16th.

The McClellan Oscillator rose to positive + 192.90 Tuesday. The Summation Index rose to positive + 2,912.78. The Demand Power/Supply Pressure indicators remain on an enter long positions signal from Thursday, February 18th. New 52 week Highs on the NYSE rose to 360 Monday, with New Lows at 0.

The Plunge Protection Team Risk Indicator rose to negative -4.70 Tuesday, March 2nd, remaining on a sell signal from January 11th, 2010. Since this sell signal, the Industrials have dropped 829 points.

The NASDAQ 100 rose 4.81 points Tuesday, closing at 1,851.21. Our key trend-finder indicators remain on a "sideways" signal Tuesday. The Russell 2000 rose 5.66 points to 648.31. The HUI rose 10.59 points to 421.99. Our key trend-finder indicators remaining on a "buy" signal Tuesday. April Gold rose to 1134.3, Silver rose to 17.05, while April Oil rose to 79.78. The Dollar fell 0.25 to 80.49. Bonds fell a point and a half to 117^11. The VIX fell 0.20 to 19.06.

reede schreef:


Het uur is om, resultaat: AEX sloot hoog S&P stond op +0,61% Dow +0,44 % nu: 0,58% en 0,33% bang????????????