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Dow Jones Index Falls Below 200-Day Moving Average As Selling Pressure Mounts: What's Next For The Blue Chips?
Tuesday, March 28, 2023 - 3:28pm | 503The Dow Jones Industrial Average slipped in the March 28 session as selling pressure intensified, pushing the index narrowly below the support of the 200-day moving average located at 32,356 points. Over the past two weeks, the Dow has battled fiercely up and down with the 200-dma, which...
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SPX - Down to the LTL
Thursday, May 17, 2012 - 8:13pm | 198As predicted, once the level 1325 was broken to the downside, the target became the zone 1312 - 1310. For a short time it looked like that level would hold. The close at 1304.86 puts the price, by my placement of the lower trend line of the Rising Channel, right at the LTL. There is still a...
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SPX 500 Storm Cloud Update
Wednesday, May 16, 2012 - 2:10am | 163The move down, as predicted from the Bear Rising Triangle, has been achieved . The Price at 1328.41 paused and reversed at the Fibonacci level U6L2DF146 : 1328.52 . The next down level to be tested will be 1325 - 1321 and then 1312 - 1310 . When the Price reaches the Lower Trend Line of the...
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SPX - Storm Clouds Building
Saturday, May 12, 2012 - 4:13pm | 64The chart needs no words of explanation . If interpreted correctly and no manipulation interference then the way is down.
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Bank Of Canada Announcement, An Indication Of Global Recovery
Tuesday, October 20, 2009 - 11:12am | 101The Bank of Canada has today maintained that it will keep its overnight lending rate target at 0.25%, amid indications of economic recovery all over the globe from a deep recession. This lending rate can be expected to continue into the better half of 2011 if this factors continue to improve or...
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Dollar Bounces Back After Mid Morning Loss
Tuesday, October 20, 2009 - 10:38am | 66With Stocks coming under pressure and trading along the now familiar negative ground, gold and oil prices are heading south. This is due to the dollar bouncing back against other hard currencies after trading at a loss in the morning. These scenario has sent all the major indexes down. Dow -0.3%...