Market Technical Analysis

Market Technical Analysis can assist in predicting market direction to assist in profiting from bull and bear markets.

Market Direction Is Overbought And May See Weakness But Trend Is Up

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Market Direction Is Overbought And May See Weakness But Trend Is Up

Market Direction saw a day changer on Friday. While the stock market is now overbought and should see weakness on Monday or Tuesday, the market direction has now been changed and unless something totally unexpected comes out of Europe, the mid-term market direction trend is back to up. Whether investors are too bullish or not and whether the changes Europe has made will make any real difference, it does kick the can down the road once more and that’s all that investors care about at…

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Market Direction Ends With Market Timing Indicators Undecided

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Market Direction Ends With Market Timing Indicators Undecided

Market direction today was one of the more exciting days so far this year. Earlier today I commented how market direction was entering a pivotal day. It turns out it was indeed pivotal. The S&P 500 fell all the way to 1313.29 but ended down just 2.81%. The fall to 1313.29 wiped out two days of gains for the S&P and in a couple of hours the S&P managed to recover. It was an exciting day and while I thought the S&P would sell off…

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Market Direction Falls As Market Timing MACD Histogram Warns Of Pivotal Point

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Market Direction Falls As Market Timing MACD Histogram Warns Of Pivotal Point

Market direction yesterday evening was 3 to 2 favoring bearish sentiment. Only the fast stochastic showed the market direction could be changing and with the market timer indicator Momentum back positive and climbing, it supports the fast stochastic. But among all the market timing tools I use, one of the most important is the MACD Histogram. This market timer tool is one of the best for technical market analysis and since Thursday of last week MACD has been contracting. On Tuesday and Wednesday as market…

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Market Direction May Be Changing According To Market Timing

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Market Direction May Be Changing According To Market Timing

The May Durable Goods report is all it took to move Market Direction back up. Then the housing data from the National Association of Realtors indicated that May pending home sales rose to their highest level in two years was enough to build the momentum and push the market to 1333. In the morning I sold my spy put trade which I had held overnight. You can read about the small loss here. I tried a couple of spy put trades during the day but…

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