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My Blog
* 23
Dec-2011
Major Resistances Back in Play
Up Volume Public Debt Quantitative Easing Stock Market
Here we are again. Back into major resistance levels from which
the overall market has failed to break out and move higher since
the October bottom.We got a strong participation up day last
Tuesday, which technically can be interpreted as a buy signal, but
we need to see stronger confirmation with a solid breakout over
resistance in the major indexes to see if this is finally for
real.The S&P 500 is hitting its 200 day moving average today, a
level it has headbanged and failed constantly. For a new, longer
duration uptrend to start in the markets we need to ...
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* 21
Dec-2011
Tech Buy Signal-Resistance Looms
Economy Stock Market Up Volume Europe
Dear Subscribers:Yesterday's rally extended into the ending the day
with huge gains in most major indexes and breaking the 6 day
consecutive streak of the market closing lower than the open.The
action of yesterday was quite historic. The Up/Down volume ratio
on the NYSE Composite Index reached a historical high of 43.74.
This is normally interpreted as strong accumulation and in normal
times, precedes higher prices for the stock market going
forward. We have had 4 similar buying episodes since the August low
in the markets. This is interpreted as bullish going
forward.Yesterday's action also creates a technical buy signal.
Markets ...
Read More »
I'M VICTOR RIESCO
I'm a financial analyst and professional investor from Santiago, Chile.
I'm the owner of Global Trader, a brokerage and trading .
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