Author Archive

• Natural Gas
  tradingpoints, March 17th, 2010 at 6:31 pm, Comments: 0

  Certainly Natural Gas could bounce at any time, and 4.23 could be a likely area for a bounce. Trends typically terminate or at least pause from 1.272 Fib price extensions, which is exactly where Natural Gas is (basis the Apr contract) on the weekly charts. Tomorrow Natural, Gas weekly storage report is due. Last year’s [...]

• 8 Mar Forex Update
  tradingpoints, March 8th, 2010 at 5:44 am, Comments: 0

  $EURUSD
  Price action above 1.3705 targets high daily and weekly resistance closer to 1.3806

  $EURJPY
  Advancing smartly from last week’s Daily DeMark Sequential Buy Signal into daily resistance this morning.

  $GBPUSD
  Recovering smartly from last week’s death spiral. Short term bullish above 1.5030-65

  $GBPJPY
  The immediate counter trend rally is bullish above 135.75 but currently overbought at 240 min and daily resistance.

  $AUDUSD
  Australian [...]

• 2 Mar Forex Update
  tradingpoints, March 2nd, 2010 at 6:31 am, Comments: 0

  British Pound $GBPUSD

  Following Monday’s collapse into weekly 61.8% major Fib support, the Euro was able to bounce on the hourly charts and hold a 61.8% Fib retrace on Tuesday AM in Europe. Still a pattern of lower lows and lower highs in all time-frames.
  The 240 min and daily charts are bearish [...]

• S&P 500 counter-trend rally could surprise to the upside
  tradingpoints, February 16th, 2010 at 10:22 am, Comments: 0

  DarthVader, your sad devtion to that ancient religion [of Elliott Wave Analysis] has not helped conjure up [your nihilistic fantasy scenarios].
  While fully admitting that the S&P 500 rally from early February lows looks more corrective than trending price action, with its large overlapping price swings. It seems that every EWer out there is pounding the [...]

• China Lunar New Year Holiday: Recipie for Volatility
  tradingpoints, February 11th, 2010 at 8:24 am, Comments: 0

  The Hang Seng China Enterprises Index ($HSCEI) closed at 60 Min symmetry resistance yesterday and above daily resistance on Thursday, in a spirted 4 day 6.2% rally, following a 21.2% 3 month decline.
  The index is approaching a zone on the daily charts where (1)  Fib cluster of price resistance, (2) timing highs due on the 15th -16th Feb [...]

• S&P Financials $XLF
  tradingpoints, February 10th, 2010 at 12:33 pm, Comments: 0

  Normally these patterns of congestion resolve in the direction of the major trend (which is down). But a 15 min close > 13.90 breaks the upper band of resistance and argues for a rally to 14.08 – 14.21
  follow me on twitter @tradingpoints

• Key Markets Wrap Up – Bonds, Gold, Euro, S&P , China
  tradingpoints, February 9th, 2010 at 6:30 pm, Comments: 0

  At times like this it really helps to look at inter-market relationships. Here are the key markets that I focus on for macro decisions.
  follow me on twitter @tradingpoints
  20 Year Treasury Index  $TLT

  Spot Gold $GLD

  Euro $EURUSD

  S&P $SPY

  Hang Seng China Enterprises Index $HSCEI

• S&P 500 bearish below 1077
  tradingpoints, February 6th, 2010 at 8:08 am, Comments: 0

  Prices traded well below 1063.50 weekly symmetry support on Friday, touching 1045 before rallying back above 1063.50.  For the bears, exceeding the -87 point 4 week decline of Jun-Jul ‘09 was evidence that much lower prices are in the offing.
  The bulls would argue the inability to close below 1063.5o, on a weekly basis, should be [...]

• Hang Seng China Enterprises Index corrects -19.7%
  tradingpoints, February 5th, 2010 at 10:51 am, Comments: 0

  The Hang Seng China Enterprises Index (HSCEI) are the larger mainland Chinese companies traded on the Hang Seng Exchange. These shares are the investable “B” shares available to non-Chinese nationals. (rather than the “A” shares on the Shanghai SSEC Exchange.)
  Currently the HSCEI is bearish on the short term charts are bearish below 11,762. The daily and [...]

• March Crude Oil
  tradingpoints, February 3rd, 2010 at 12:21 pm, Comments: 0

  I was intrigued with Jim Gobetz @aiki14 ’s challenge the other day on Stocktwits TV to find a technical reason why the crude market spiked over 2% the other day. The market looked like it was going to break the 200 day MA there were abundant short term bearish posts. In my work, I concentrate [...]