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Market bounces up on Friday

The market took a major jump on Friday after the US jobs report and closed on a high. If it continues tomorrow we can see it testing the resistances marked in the chart below. The money stream turned up nicely  [Continue reading…]

Market at a decision point

The SP-500 is at resistance again as it creates a double top with a weak enough money stream. It will surprise me if it goes higher from here and a lot will depend on how the USA market behaves after  [Continue reading…]

Market finding it hard to move higher

Some very interesting charts to show tonight but lets looks at the overall market first. The SP-500 looks tired and finding it hard to move higher. With Thanksgiving later this week I do not expect to see much happening for  [Continue reading…]

Market climbs a little further

The market climbs to resistance level over the last few days. I have marked in the next resistance levels. Thanksgiving is next Thursday and Friday in the USA and it will be interesting to see the market climbs a bit  [Continue reading…]

Trend back up again

What a surprise this week to see the gains. Looks like the market wants to do a double top at least. Money stream has improved and it is heading up nicely. Chart here on the SP-500. Look how it bounced  [Continue reading…]