Jun 052014
 
Reaction to the ECB rate cut!
Dow Jones Industrial Average daily chart showing the reaction to the ECB rate cut.

Dow Jones Industrial Average Daily Chart

Acting in a more sweeping fashion than most investors anticipated, the European Central Bank yesterday cut interest rates to unprecedented lows …………………..

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“Always trade in the direction of the major trend”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Jun 032014
 
Can the Dow Jones Industrial Average hold above 16,700?
Daily candlestick chart for the Dow Jones Industrial Average.

Dow Jones Industrial Average courtesy of StockCharts.com

This will be a big week for the Dow Jones Industrial Average:

  1. U.S. jobs report on Friday
  2. Tentative but key support level at 16,700
  3. Index in all-time high territory
  4. Major, intermediate and near-term trends are up

Reference the last chart analysis for index.

______________________________

“Always trade in the direction of the major trend”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

May 302014
 
Will there be a breakout or a double top?
Dow Jones Industrial Average chart and a major test at the May high of 16735

Dow Jones Industrial Average Daily Chart

The major trend, intermediate trend and near-term trend are all up. On Balance Volume (OBV) is confirming the uptrend. And the DOW is trading above the 50-day and 200-day simple moving averages.

The Dow Jones Industrial Index is testing a major resistance point.

______________________________

“Always trade in the direction of the major trend”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

May 292014
 
Intermediate downtreand for U.S. Treasury Note
U.S. Treasury 10 Year Note Yield Chart will test major support of 2.40%.

U.S. Treasury 10 Year Note Yield Chart

The main points from the above chart for the U.S. Treasury 10 Year Note Yield are the the intermediate downtrend and major support at 2.40%.

Reference the last post for the U.S. Treasury.

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“Keep it Simple”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.