Dear friends and followers,
My name is Ulises Vizcardo, I am an Economist with long experience in the finantial markets. I work with them from 1980. My intention is to restart publishing my report DJMarketWatch (Dow Jones).
Initially it will not be regular, but the goal is a complete report on Sunday for the start of the week. During the week I will add comments on relevant points according to the technical analysis and fundamentals following the behavior and expectations of the finantial markets.
I commit to devote my most sincere effort to help and support all the universal family of traders. We fight very hard in our misunderstood activity.
I let you know the updates through my Twitter : Ulises Vizcardo
A bientot, a presto, hasta pronto, bis Bald, see you soon,
Ulises
August 21rd., 2013
Resistance 15.410 Break out point
15.335 Breakdown. Strong
15.170 Weak resistance
Support 15.000 Lows of the last month
14.887
14.550 June low
14.400 200 MA very important
14.000 Positive trend line from Feb 27,2009
DJ is the weakest index and has broken down its 50MA which now is converted in resistance.
The finantial markets are in the summer doldrums where the volume of transactions are lower than in the rest of the year. The senior traders are enjoying their holidays. Said that, the breakouts of the market are not definitively due the volume. We'll see the normal activity again after the first weak of September.
The question remains: are we in a healthy correction or changing the trend?
I have to remark that DJ is stillin its positive trend line from the lowest point in February 27, 2009. This year positive trend line was broken at 15.044
Ulises
