Tweet By Jeff Pierce There is a major negative divergence between the percentage of stocks above their 200 moving average and what the Nasdaq is actually doing. Looks to be forming the right shoulder and this pattern remains intact.
Tweet By Poly The Euro is 56% of the Dollar Index and therefore its movements will directly impact the above Dollar index chart. The Euro is in the timing band for a top and could be ready to begin moving lower towards an eventual ICL. The $1.36 top set two weeks ago is potentially the [...]
Tweet By Poly The Euro Cycle topped on Friday as I had suspected was possible. In the weekend report I mentioned the Bollinger Band break that occurred deep in the Cycle timing as a key development. Unfortunately I was looking for a possible final surge into a top that did not develop. So with 4 [...]
Tweet By Poly It now looks as if the expected Dollar DCL has played out with the recent (Monday) Day 27 Low. There was some positive (in relative term) news out of Europe with the announcement of yet another Greek bailout adjustment that the market was expecting to be bullish for the Euro. Instead it [...]