DJ Short Term Range: 17,705 - 17,817.90
DJ Support: 17,525 Strong
17,280 Strong September peak
Dear traders and investors, we got our Thanksgiving rally, we are going to get important economic news from next week as the unemployment.
I actually wish you a very nice Thanksgiving holiday, this is the time for families to be gathered together enjoying the peace and love around the heat and light of the home. Family is very important.
DJIA next target is DJ18,000 and S&P 2,100. U.S.markets are in a clear bullish trend despite an expected correction at some point.
See you next week.
Happy Thanksgiving!
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises
martes, 25 de noviembre de 2014
miércoles, 19 de noviembre de 2014
S&P exceeeded 2050 points.
DJ Resistance: 17,735.71 Record all-time high
17,705 Prior all-time record high
DJ Support: 17,525 - 17,500
17,411 Strong
17,278 September's peak
16,990
16,588 Strong 2013's peak
16,320 Strong
15,850 Very strong
Technical Analysis:
S&P did new all-time record high at SP2056. I expected SP2050 for Thanksgiving and we got it one week in advance with this strong bull market.
DJIA and S&P are riding in unknown territories. The new DJIA short term range is DJ17,500 - 17,735.71.
The steep last four Weeks's spike is extremely bullish for medium and long term. Every week DJIA closed higher than previous. This is a strong bullish sign because it means that buyers are coming and bears are losing the fight with them.
The three indexes are in bullish mood, we should watch others like S&P400 or Russell 2000 because they can act as ballast if they don't have the same movement.
Next target for DJIA should be DJ18,000 and SP2,100. Technical analysis indicates a clearly bullish direction supported by a strong positive momentum.
Click over the charts to enlarge them
Fundamentals:
These markets are driven up by the last U.S.A. economic news like the consumer is in shape, Consumer Sentiment and Retail Sales reported better than expected, U.S.A. recovery is in the way, European economy is out of recession officially with 0.8% GDP growth, Japan is in recession but Abe is calling for election and delaying sales tax increase for 18 months, a good earnings season and the catalyzer U.S.A. election.
There is no more important economic news until December and we will have a nice Thanksgiving next week.
Dear traders and investors, do not forget that we got almost 9% correction in October generated by the geopolitical backdrop, European recesion, etc. The formidable bounce up of the stock market is showing us what the market is anticipating for the next 6 to 9 months. We have to analyze the coming inflation and how it is going to affect the market. We are going to work on it. For the moment market has to consolidate over S&P 2050, if that, next target and we will see is SP2,100 before the year end otherwise we will get a moderated correction looking for bull-bear battlefield to define market's direction in the short term.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises
17,705 Prior all-time record high
DJ Support: 17,525 - 17,500
17,411 Strong
17,278 September's peak
16,990
16,588 Strong 2013's peak
16,320 Strong
15,850 Very strong
Technical Analysis:
S&P did new all-time record high at SP2056. I expected SP2050 for Thanksgiving and we got it one week in advance with this strong bull market.
DJIA and S&P are riding in unknown territories. The new DJIA short term range is DJ17,500 - 17,735.71.
The steep last four Weeks's spike is extremely bullish for medium and long term. Every week DJIA closed higher than previous. This is a strong bullish sign because it means that buyers are coming and bears are losing the fight with them.
The three indexes are in bullish mood, we should watch others like S&P400 or Russell 2000 because they can act as ballast if they don't have the same movement.
Next target for DJIA should be DJ18,000 and SP2,100. Technical analysis indicates a clearly bullish direction supported by a strong positive momentum.
Click over the charts to enlarge them
Fundamentals:
These markets are driven up by the last U.S.A. economic news like the consumer is in shape, Consumer Sentiment and Retail Sales reported better than expected, U.S.A. recovery is in the way, European economy is out of recession officially with 0.8% GDP growth, Japan is in recession but Abe is calling for election and delaying sales tax increase for 18 months, a good earnings season and the catalyzer U.S.A. election.
There is no more important economic news until December and we will have a nice Thanksgiving next week.
Dear traders and investors, do not forget that we got almost 9% correction in October generated by the geopolitical backdrop, European recesion, etc. The formidable bounce up of the stock market is showing us what the market is anticipating for the next 6 to 9 months. We have to analyze the coming inflation and how it is going to affect the market. We are going to work on it. For the moment market has to consolidate over S&P 2050, if that, next target and we will see is SP2,100 before the year end otherwise we will get a moderated correction looking for bull-bear battlefield to define market's direction in the short term.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises
miércoles, 12 de noviembre de 2014
Dow Jones new all-time record high
DJ Resistance: 17,638 New all-time record high
DJ Support: 17,411 Prior all-time record high
17,278 Light last 8 days low
16,990 Strong
16,588 Strong 2013's peak
16,320 Strong
16,015 Very strong
15,850 Very strong
Technical Analysis:
DJIA (Dow Jones Industrial Average) broke up its all-time record high and its scenery is bullish.
First support at DJ17,411 and next at DJ17,278. Those levels are important to target new historical highs.
DJIA and S&P have done new all-time record high and NASDAQ COMPOSITE did its fourteen years high. The three indexes are supported by the 20, 50 and 200 days moving averages.
The market didn't rest and the election acted as an upward catalyzer.
The trend in the medium and short term is solidly to the upside.
If the "V Reversal" is confirmed this time, the target would be DJ18,600.
The S&P way is clearly to the SP2050 before the year's end and DJIA should try DJ18,000. The NASDAQ Composite looks for its all-time high.
Technical analysis indicates enough space to continue to the upside.
Please click over the chart to enlarge it.
Fundamentals:
I have explained about the U.S. recovery and the weakness in the rest of the world, the positive expectations for the European Central Bank possible intervention to stimulate the economy, and so on.
We are going to see a correction, markets needs 10% at least to get honest stock prices in the new market reality, but when?
Not for the moment. I was wrong in my speculation of hectic days (they have been meet and continue), rest (this not accomplished), and Thanksgiving rally.
The stock market is in a fueled momentum to the upside, then let's go with the tide!
S&P 2050 is a target before year's end.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises
DJ Support: 17,411 Prior all-time record high
17,278 Light last 8 days low
16,990 Strong
16,588 Strong 2013's peak
16,320 Strong
16,015 Very strong
15,850 Very strong
Technical Analysis:
DJIA (Dow Jones Industrial Average) broke up its all-time record high and its scenery is bullish.
First support at DJ17,411 and next at DJ17,278. Those levels are important to target new historical highs.
DJIA and S&P have done new all-time record high and NASDAQ COMPOSITE did its fourteen years high. The three indexes are supported by the 20, 50 and 200 days moving averages.
The market didn't rest and the election acted as an upward catalyzer.
The trend in the medium and short term is solidly to the upside.
If the "V Reversal" is confirmed this time, the target would be DJ18,600.
The S&P way is clearly to the SP2050 before the year's end and DJIA should try DJ18,000. The NASDAQ Composite looks for its all-time high.
Technical analysis indicates enough space to continue to the upside.
Please click over the chart to enlarge it.
Fundamentals:
I have explained about the U.S. recovery and the weakness in the rest of the world, the positive expectations for the European Central Bank possible intervention to stimulate the economy, and so on.
We are going to see a correction, markets needs 10% at least to get honest stock prices in the new market reality, but when?
Not for the moment. I was wrong in my speculation of hectic days (they have been meet and continue), rest (this not accomplished), and Thanksgiving rally.
The stock market is in a fueled momentum to the upside, then let's go with the tide!
S&P 2050 is a target before year's end.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises
martes, 4 de noviembre de 2014
New record highs technical and clearly bullish
DJ Resistance: 17,411 All-time record high
DJ Support: 17,330
17,279.94 Prior all-time record close
17,152 July's peak
16,990 Strong
16,588 Strong 2013 peak
16,320 Strong
16,015 Very strong
15,850
Technical Analysis:
DJIA has bounced up getting new all-time record high. This last up move has approximately 1,550 points from its low and it took three weeks.
It seems that the market needs to rest but the result of the elections could catalyze it.
The short term small range is DJ17,330 - 17,411 and the stabilization area is DJ16,990 - 17,411. DJIA has to fight and overcome its resistance, if it fails we are going to face a selloff, But DJIA, S&P and NASDAQ COMPOSITE are technically bullish. The DJ16,990 support violation should be considered as a possibility for a correction.
The long term uptrend is still in place. Personally I expect to get S&P2050 this year.
Please click over the chart to enlarge it.
Fundamentals:
The result of the elections and this week important economic news as unemployment on Friday are going to play into the market's direction.
As I commented in the last weeks the U.S.A. economy is doing well but EU, China, India, Brazil and some Asian countries like Japan are in a weak mode. This could weigh in the U.S.A activity for example the trade deficit grew last months due the decreasing exports to EU, it was because the feeble European consumption. The strength of Germany relies on exports not in its internal consumption.
Dear traders and investors, the Friday unemployment figures are going to rule the markets. What could we expect? I think some hectic days, then some rest of the markets and Thanksgiving rally. This is my own speculation. At the beginning of 2014 I told you my expectations to see this year S&P1,900 and very possible S&P2000. Those goals are accomplished and there is more room. Nothing is written.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises
DJ Support: 17,330
17,279.94 Prior all-time record close
17,152 July's peak
16,990 Strong
16,588 Strong 2013 peak
16,320 Strong
16,015 Very strong
15,850
Technical Analysis:
DJIA has bounced up getting new all-time record high. This last up move has approximately 1,550 points from its low and it took three weeks.
It seems that the market needs to rest but the result of the elections could catalyze it.
The short term small range is DJ17,330 - 17,411 and the stabilization area is DJ16,990 - 17,411. DJIA has to fight and overcome its resistance, if it fails we are going to face a selloff, But DJIA, S&P and NASDAQ COMPOSITE are technically bullish. The DJ16,990 support violation should be considered as a possibility for a correction.
The long term uptrend is still in place. Personally I expect to get S&P2050 this year.
Please click over the chart to enlarge it.
Fundamentals:
The result of the elections and this week important economic news as unemployment on Friday are going to play into the market's direction.
As I commented in the last weeks the U.S.A. economy is doing well but EU, China, India, Brazil and some Asian countries like Japan are in a weak mode. This could weigh in the U.S.A activity for example the trade deficit grew last months due the decreasing exports to EU, it was because the feeble European consumption. The strength of Germany relies on exports not in its internal consumption.
Dear traders and investors, the Friday unemployment figures are going to rule the markets. What could we expect? I think some hectic days, then some rest of the markets and Thanksgiving rally. This is my own speculation. At the beginning of 2014 I told you my expectations to see this year S&P1,900 and very possible S&P2000. Those goals are accomplished and there is more room. Nothing is written.
Good luck, viel Glueck, buona fortuna, buena suerte, bonne chance!
Ulises
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