Not much change from last week – the trend picture for most indices and sectors remains mostly negative, but with some positive short-term trends still evident. Bearish sentiment and expectations of an imminent retest of the January lows remain high, suggesting perhaps that the odds may favor a move to the upside, or simply [...]
This week’s market trend picture remains almost completely negative with the exception of a few positive shorter-term trends. This seems to leave open the possibility of either an up or down move from these levels, with an intermediate-term bias toward further downside action.
Sentiment is still overall quite bearish, suggesting from a contrarian point of [...]
Last week’s market sell-off has probably left the overall trend picture negative or at best mixed/negative (although I’m still away from my main PC and unable to run the program that calculates this). A retest of – or even a break below – the recent lows remains a distinct possibility; however, so does a continuation [...]
The market’s continuing strong rally from the recent lows may now be reflecting a mixed trend picture (I’m away from my main PC and unable to run the program that calculates this). While a “breather” or pullback might be expected at any point, the upside potential of this move would still appear to be [...]
