tag:blogger.com,1999:blog-59799066738995493472023-09-10T08:01:09.085-04:00Frye Stock ReportThis blog is designed to help people who like to follow stocks and to educate them on cycles and timing of the markets.Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.comBlogger275125tag:blogger.com,1999:blog-5979906673899549347.post-91885786892660213452010-01-07T22:44:00.003-05:002010-01-07T22:47:19.913-05:00Stock Market Update - January 7, 2010<a href="http://4.bp.blogspot.com/_zVEeXwbjnys/S0aqTBvfnoI/AAAAAAAABrs/L1SB7GHY4vI/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5424210045076217474" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/S0aqTBvfnoI/AAAAAAAABrs/L1SB7GHY4vI/s400/Dow+60.png" /></a> Based on the hourly charts we should have another push up for the Dow.<br /><br /><div><a href="http://1.bp.blogspot.com/_zVEeXwbjnys/S0aqS_OVivI/AAAAAAAABrk/dycDS1-r7cw/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5424210044400274162" border="0" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/S0aqS_OVivI/AAAAAAAABrk/dycDS1-r7cw/s400/Dow.png" /></a> The daily chart is showing a short term top. Money flow has topped ... and looks to move back down. This is the primary trend for the market.</div><div> </div><div>Roll Tide Roll!!! Beat Texas!!!<br /><br /><div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com4tag:blogger.com,1999:blog-5979906673899549347.post-64460333651626300192010-01-05T22:48:00.002-05:002010-01-05T22:52:16.085-05:00Stock Market Update - January 5, 2010<a href="http://2.bp.blogspot.com/_zVEeXwbjnys/S0QIR7RY1tI/AAAAAAAABrc/HnpTwc8V2B4/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5423468955322341074" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/S0QIR7RY1tI/AAAAAAAABrc/HnpTwc8V2B4/s400/Dow+60.png" /></a> We may see some m<span id="SPELLING_ERROR_0" class="blsp-spelling-corrected">ore</span> strength in the hourly chart.<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/S0QIRQfDvQI/AAAAAAAABrU/0Fvci7as_PU/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5423468943836953858" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/S0QIRQfDvQI/AAAAAAAABrU/0Fvci7as_PU/s400/Dow.png" /></a>The daily chart looks overbought. The money flow has cycled back to the top. My bet is that we will see some sideways movement over the next few weeks and a seasonal bottom in March and then the market will move to higher highs ... slowly.</div><div> </div><div>Roll Tide Roll .... Go <span id="SPELLING_ERROR_1" class="blsp-spelling-error">Bama</span> Go!!!</div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com2tag:blogger.com,1999:blog-5979906673899549347.post-30707401494798700032009-12-20T22:13:00.003-05:002009-12-20T22:18:31.833-05:00Stock Market Update - December 18, 2009<a href="http://1.bp.blogspot.com/_zVEeXwbjnys/Sy7n-C5IfCI/AAAAAAAABrM/Zx4j1rdvxAs/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5417522454887693346" border="0" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/Sy7n-C5IfCI/AAAAAAAABrM/Zx4j1rdvxAs/s400/Dow+60.png" /></a> Money flow is peaking and is expected to turn down at some point very soon. Also, the price indicator (green line) is moving towards its cycle low. I would expect to see some type of weakness on the hourly Dow chart near term (the daily chart confirms) but once the money flow bottoms again ... we may see both indicators move in <span id="SPELLING_ERROR_0" class="blsp-spelling-corrected">tandem</span> back up.<br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/Sy7n95-8gmI/AAAAAAAABrE/23ld8bIUuSw/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5417522452496155234" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/Sy7n95-8gmI/AAAAAAAABrE/23ld8bIUuSw/s400/Dow.png" /></a> The actual money flow indicator has turned back down. Only time will tell where its going to go. With the hourly money flow at its cycle top ... we may see some weakness on the daily Dow. With the holidays here its going to be tough to try and trade the market ... my advice would be ... take the next two weeks off.</div><div><br /><div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-13281765175299552332009-12-17T22:09:00.002-05:002009-12-17T22:14:57.291-05:00Stock Market Update - December 17, 2009<a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SyryqhXZrlI/AAAAAAAABq8/ycqbq_mmCqo/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5416408314191392338" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SyryqhXZrlI/AAAAAAAABq8/ycqbq_mmCqo/s400/Dow+60.png" /></a> Money flow has hit bottom (blue line with price chart) and price looks to be catching up (green line with price chart). Based solely on the indicators we may be close to some type of bottom or we could bounce along here. I do admit ... I thought we would see some strength based on the primary trend with the Daily money flow for the Dow (see chart below).<br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SyryqGQT_MI/AAAAAAAABq0/tiwNFpxVk4M/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5416408306913901762" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SyryqGQT_MI/AAAAAAAABq0/tiwNFpxVk4M/s400/Dow.png" /></a> Is money flow going to stop in its tracks and rollover here? Very possible ... as it looks we may be at the top for a market rollover. Jobless claims were up today ... this may be the cause for today's loss.</div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-60904178522155110922009-12-16T22:14:00.003-05:002009-12-16T22:19:19.915-05:00Stock Market Update - December 16, 2009<a href="http://1.bp.blogspot.com/_zVEeXwbjnys/SymiSBKVZhI/AAAAAAAABqs/FzV8fp_noq8/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5416038457322858002" border="0" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/SymiSBKVZhI/AAAAAAAABqs/FzV8fp_noq8/s400/Dow+60.png" /></a> The hourly chart for the Dow looks pretty hard to read to me ... some of the indicators look to be moving up like the money flow and the bottom price indicator (very bottom of the chart). However, the main price indicator and the tick data seem to be moving down. <br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SymiRpUVD9I/AAAAAAAABqk/rHT300llZC8/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5416038450922328018" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SymiRpUVD9I/AAAAAAAABqk/rHT300llZC8/s400/Dow.png" /></a> The daily chart shows some strength ahead with the money flow moving up. Strength could mean prices moving up or support and <span id="SPELLING_ERROR_0" class="blsp-spelling-corrected">moving</span> sideways. Today we did have a negative cash flow for the broader market and the NYSE still posted an up volume day at around 53%. I would still have a long position at this point with tight stops to protect and short term profits.</div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-67809826838719383122009-12-15T20:39:00.002-05:002009-12-15T20:46:44.118-05:00Stock Market Update - December 15, 2009<a href="http://3.bp.blogspot.com/_zVEeXwbjnys/Syg6n9ot77I/AAAAAAAABqc/tltwIs0qqFM/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5415643010147676082" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/Syg6n9ot77I/AAAAAAAABqc/tltwIs0qqFM/s400/Dow+60.png" /></a> <span id="SPELLING_ERROR_0" class="blsp-spelling-corrected">Money</span> flow is back a the bottom of the cycle ... we should see some strength to come when the outflow is finished in the short term.<br /><br /><div><a href="http://2.bp.blogspot.com/_zVEeXwbjnys/Syg6nRK26RI/AAAAAAAABqU/WHJa2H9ORMo/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5415642998211275026" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/Syg6nRK26RI/AAAAAAAABqU/WHJa2H9ORMo/s400/Dow.png" /></a> The daily Dow chart shows money flow has bottomed and big money agrees ... there was a ton of buying the <span id="SPELLING_ERROR_1" class="blsp-spelling-error">ETF</span> indexes today ... we had over $400 million inflow into SPY which measures the S&P 500. We did have an overall outflow of cash today in the broader market (see the above hourly chart) and we had a 65% down volume today on the NYSE.<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/Syg6mnWqbhI/AAAAAAAABqM/0Gn7eP5RA2s/s1600-h/Dollar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5415642986986499602" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/Syg6mnWqbhI/AAAAAAAABqM/0Gn7eP5RA2s/s400/Dollar.png" /></a> Here is a snapshot of the dollar moving up. Short-term it looks overbought based solely on the indicators.<br /><br /><br /><div><a href="http://2.bp.blogspot.com/_zVEeXwbjnys/Syg6mI7LGgI/AAAAAAAABqE/kVeDHOudhKk/s1600-h/Gold.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5415642978818136578" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/Syg6mI7LGgI/AAAAAAAABqE/kVeDHOudhKk/s400/Gold.png" /></a> You can see the havoc the dollar has reaped on gold. I would have thought the same would have been done for equities ... that has not been the case ... so I must wonder out loud ... Equities may have another big move left that could occur over a longer period ahead of us.</div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-69810507381656123942009-12-14T20:25:00.002-05:002009-12-14T20:29:48.490-05:00Stock Market Update - December 14, 2009<a href="http://4.bp.blogspot.com/_zVEeXwbjnys/Syblx-fQ5FI/AAAAAAAABp8/IK4QoyYDBFY/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5415268248710079570" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/Syblx-fQ5FI/AAAAAAAABp8/IK4QoyYDBFY/s400/Dow+60.png" /></a> Almost all indicators are in the oversold area for the hourly chart of the Dow.<br /><br /><div><a href="http://1.bp.blogspot.com/_zVEeXwbjnys/Syblxk5SigI/AAAAAAAABp0/VTOyuHVExEs/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5415268241839917570" border="0" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/Syblxk5SigI/AAAAAAAABp0/VTOyuHVExEs/s400/Dow.png" /></a> Money flow for the daily chart has turned up. It is possible that we will see a Santa Rally. Money flow is now behind the market unless something derails it. Today we had some money inflow into the boarder market and we also had a 69% up volume day for the NYSE.<br /><br /><div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-5643954476959822992009-12-12T23:46:00.002-05:002009-12-12T23:54:18.669-05:00Stock Market Update - December 11, 2009<a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SyRx9oFvmDI/AAAAAAAABps/zvOUcYWSyq0/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5414577955553646642" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SyRx9oFvmDI/AAAAAAAABps/zvOUcYWSyq0/s400/Dow+60.png" /></a> Money flow is pointed up for the hourly Dow chart. All the shorter term price indicators at the bottom have peaked or are close to peaking. We could see some more upside or sideways movement in price based on the money flow indicator (blue line).<br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SyRx9LDV3AI/AAAAAAAABpk/AkLUp7t-Chc/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5414577947758943234" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SyRx9LDV3AI/AAAAAAAABpk/AkLUp7t-Chc/s400/Dow.png" /></a> The main trend for stocks are about to turn up ... both money flow (blue line with price) and the bottom two indicators (short term measure of price) have both bottomed and at looking to turn up. The only question is how strong will this support be in terms of price appreciation? Only time will tell. I just think the market is going to move up from here while we will see some divergences in sector indexes. Friday we had an up volume day on the NYSE with 66%. <div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-11616617274517393802009-12-10T20:42:00.002-05:002009-12-10T20:49:04.109-05:00Stock Market Update - December 10, 2009<a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SyGj9_MkDlI/AAAAAAAABpc/bfukpcwNKgA/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5413788512407522898" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SyGj9_MkDlI/AAAAAAAABpc/bfukpcwNKgA/s400/Dow+60.png" /></a> Near term for the Dow hourly chart we are overbought. Money flow indicator has rolled over and the two lower indexes that measure price on the shorter term have topped. The downside may be limited due to the fact that the Dow daily chart is showing the money flow is close to a bottom. This is not to say that we will not or could not see some type of real weakness in the near term.<br /><div><a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SyGj9nVY8yI/AAAAAAAABpU/6XEVhc5w_4U/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5413788506002092834" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SyGj9nVY8yI/AAAAAAAABpU/6XEVhc5w_4U/s400/Dow.png" /></a> Money flow (blue line with price) is close to a bottom. Today on the NYSE we had a 62% up volume day with money inflow for the broader market. The two bottom short term indicators point to a bottom in price of some type could be close at hand.</div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-17450248263893275892009-12-09T21:17:00.002-05:002009-12-09T21:23:06.080-05:00Stock Market Update - December 9, 2009<a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SyBah5MSCoI/AAAAAAAABpM/COERGkWe5g0/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5413426290433854082" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SyBah5MSCoI/AAAAAAAABpM/COERGkWe5g0/s400/Dow+60.png" /></a> We did see the weakness that we were expecting for the hourly Dow chart. The money flow has turned back up ... we should see some strength in the very, very near term ... the bottom two indicators are almost oversold.<br /><br /><div><a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SyBahcSeNyI/AAAAAAAABpE/XOwDS1UWZMA/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5413426282675189538" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SyBahcSeNyI/AAAAAAAABpE/XOwDS1UWZMA/s400/Dow.png" /></a> Stocks were up today. Money flow looks to be bottoming ... we still may see some more weakness before we have a true move up ... but we are at the point with the cycle and indicators we could see a move up from here. Today we had a cash inflow for the broader market and the volume trade on the NYSE was marginally favorable up at 51%.</div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-82310626864613973212009-12-07T22:32:00.002-05:002009-12-07T22:37:14.424-05:00Stock Market Update - December 7, 2009<a href="http://3.bp.blogspot.com/_zVEeXwbjnys/Sx3JH1CUFMI/AAAAAAAABo8/NBU-zMgUCj4/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5412703463502255298" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/Sx3JH1CUFMI/AAAAAAAABo8/NBU-zMgUCj4/s400/Dow+60.png" /></a> Money has cycle back to the top for the hourly chart of the Dow. Based solely on the <span id="SPELLING_ERROR_0" class="blsp-spelling-corrected">technical</span> indicators and money flow we should be seeing some down pressure or sideways movement over the next few hours of trading.<br /><br /><div><a href="http://1.bp.blogspot.com/_zVEeXwbjnys/Sx3JHePoOkI/AAAAAAAABo0/QGGTW1ytWck/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5412703457384086082" border="0" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/Sx3JHePoOkI/AAAAAAAABo0/QGGTW1ytWck/s400/Dow.png" /></a>The daily chart shows money flow nearing a bottom. This is going to be interesting to see what happens from now and until the end of January. Today we had a 54% down volume day and basically a flat day of money flows for the broader market. <div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-30117658170051946532009-12-06T09:24:00.004-05:002009-12-06T09:32:56.383-05:00Stock Market Update - December 4, 2009<a href="http://2.bp.blogspot.com/_zVEeXwbjnys/Sxu_X-lZp6I/AAAAAAAABos/wXJTmEVmhx4/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5412129795873548194" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/Sxu_X-lZp6I/AAAAAAAABos/wXJTmEVmhx4/s400/Dow+60.png" /></a> Money flow for the hourly chart of the Dow has cycled back to the bottom (blue line with price chart).<br /><br /><div><a href="http://1.bp.blogspot.com/_zVEeXwbjnys/Sxu_Xi8VfzI/AAAAAAAABok/99A2mOGRxSQ/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5412129788453551922" border="0" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/Sxu_Xi8VfzI/AAAAAAAABok/99A2mOGRxSQ/s400/Dow.png" /></a> Money flow on the daily charts looks to be bottoming here as well. We could see a push or two down in price ... but I think we are close to seeing this move back up. Friday was a heavy volume day compared to the last <span id="SPELLING_ERROR_0" class="blsp-spelling-corrected">month</span> or so and we also had a large amount of money inflows into the market. The volume traded on the NYSE was 68% up in price.<br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/Sxu_W2XnSwI/AAAAAAAABoc/2wwzURkZBqk/s1600-h/Trans.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5412129776488368898" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/Sxu_W2XnSwI/AAAAAAAABoc/2wwzURkZBqk/s400/Trans.png" /></a> Something interesting has occurred ... we have a new high with the Transports. I wonder out loud if the market has much more room to move up in price ... I think it just might.</div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-924043197899539172009-12-03T22:01:00.003-05:002009-12-03T22:05:49.840-05:00Stock Market Update - December 3, 2009<a href="http://3.bp.blogspot.com/_zVEeXwbjnys/Sxh7nZEvRXI/AAAAAAAABoU/l9NUb0VczaQ/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5411210868961527154" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/Sxh7nZEvRXI/AAAAAAAABoU/l9NUb0VczaQ/s400/Dow+60.png" /></a> Things have turned ... both money flow and price indicator have turned down on the hourly chart for the Dow. <br /><br /><div><a href="http://2.bp.blogspot.com/_zVEeXwbjnys/Sxh7mwWgW3I/AAAAAAAABoM/HSXMB406D6o/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5411210858030193522" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/Sxh7mwWgW3I/AAAAAAAABoM/HSXMB406D6o/s400/Dow.png" /></a> The daily chart shows that money flow has turned down as well ... we might see an extended push down here ... so be warned. Today we did have some inflow of cash on the broader market and the NYSE posted a 70% down volume day.</div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-21666081601366304072009-12-02T23:45:00.003-05:002009-12-02T23:47:54.014-05:00Stock Market Update - December 2, 2009<a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SxdCiuZYbeI/AAAAAAAABoE/4DnIY684LpQ/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5410866641646415330" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SxdCiuZYbeI/AAAAAAAABoE/4DnIY684LpQ/s400/Dow+60.png" /></a> Nothing earthshaking today ... except the unemployment numbers are going to look bad again this month. This is a view of the hourly chart for the Dow.<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SxdCiD457hI/AAAAAAAABn8/-MJkM8nwFt8/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5410866630235909650" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SxdCiD457hI/AAAAAAAABn8/-MJkM8nwFt8/s400/Dow.png" /></a> Today we did have an inflow of cash into the market with 57% up volume on the NYSE. Money flow is poised to head higher which should support prices for the very near term only at this point.</div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-27498114816606391122009-12-01T21:45:00.003-05:002009-12-01T21:48:58.875-05:00Stock Market Update - December 1, 2009<a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SxXU5Y494GI/AAAAAAAABn0/Zi5NehLYMBI/s1600/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5410464609754538082" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SxXU5Y494GI/AAAAAAAABn0/Zi5NehLYMBI/s400/Dow+60.png" /></a> I believe we are close to a very short term top on the hourly chart. However ....<br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SxXU4nLmtzI/AAAAAAAABns/KX-gtn4SSHk/s1600/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5410464596410939186" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SxXU4nLmtzI/AAAAAAAABns/KX-gtn4SSHk/s400/Dow.png" /></a> The daily chart is showing us something different. Money flow has cycled to the bottom (blue line with price). This tells me that we may see some money move into the market over the next few days. This should hold prices firm or increase the price of equities. Today we did have an up volume day for the NYSE with 82% of the volume traded. Also, there was a net positive cash inflow into the broader market.</div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-8136226835716152632009-11-30T17:31:00.002-05:002009-11-30T17:36:45.447-05:00Stock Market Update - November 30, 2009<a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SxRIGKlIgcI/AAAAAAAABnk/x-w9wdAFHVM/s1600/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5410028323135324610" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SxRIGKlIgcI/AAAAAAAABnk/x-w9wdAFHVM/s400/Dow+60.png" /></a> Hourly chart for the Dow shows money flow has cycled back down. We should see some price support over the next few sessions. Watch out the the price indicator is pointed down.<br /><br /><div><a href="http://1.bp.blogspot.com/_zVEeXwbjnys/SxRIFtxYyJI/AAAAAAAABnc/xTKi0xr97-A/s1600/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5410028315402094738" border="0" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/SxRIFtxYyJI/AAAAAAAABnc/xTKi0xr97-A/s400/Dow.png" /></a> Today was an up day for the Dow ... we did have 57% of the NYSE volume that was up in price. The money flow indicator is looking to close to a bottom ... this can occur over the next couple of days.<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SxRIFP6sRWI/AAAAAAAABnU/Qw3WArEU1RU/s1600/Dollar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5410028307388056930" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SxRIFP6sRWI/AAAAAAAABnU/Qw3WArEU1RU/s400/Dollar.png" /></a> The dollar made a new low over Thanksgiving Holiday. This confirms in my opinion that we are headed lower and the stock market should still see some support.</div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com1tag:blogger.com,1999:blog-5979906673899549347.post-15163432769473711482009-11-24T18:45:00.002-05:002009-11-24T18:49:30.373-05:00Stock Market Update - November 24, 2009<a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SwxwVQ789ZI/AAAAAAAABnM/IrL5hBuo81Q/s1600/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407820763191113106" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SwxwVQ789ZI/AAAAAAAABnM/IrL5hBuo81Q/s400/Dow+60.png" /></a> Nothing has really changed and I do not expect them to change this week. However, next week is a different story. The daily chart below shows money flow heading down into its cycle low. <br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SwxwVIjdfPI/AAAAAAAABnE/zVm8pHFu3kg/s1600/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407820760940903666" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SwxwVIjdfPI/AAAAAAAABnE/zVm8pHFu3kg/s400/Dow.png" /></a> This will be my last post until Monday night of next week for Monday's stock market update.</div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com1tag:blogger.com,1999:blog-5979906673899549347.post-8303283923405526462009-11-23T21:12:00.003-05:002009-11-23T21:35:21.610-05:00Stock Market Update - November 23, 2009<a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SwtB5Z7n1bI/AAAAAAAABm8/SeFRlEAdF3k/s1600/Dow+1+Old.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407488232057722290" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SwtB5Z7n1bI/AAAAAAAABm8/SeFRlEAdF3k/s400/Dow+1+Old.png" /></a> Does this Dow chart look familiar ... if it didn't have the dates attached I could have passed it off as today's chart. The market bottom of 2002 and 2003 looks very much like the market bottom of 2008 and 2009 ... to be exact ... it is exactly the same to date. It is uncanny of how history repeats itself. There was a low made in October and the final low made in March of 2003.<br /><br /><div><a href="http://1.bp.blogspot.com/_zVEeXwbjnys/SwtB4t-NkRI/AAAAAAAABm0/tQtWHeIdI6U/s1600/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407488220257423634" border="0" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/SwtB4t-NkRI/AAAAAAAABm0/tQtWHeIdI6U/s400/Dow.png" /></a>Fast forward to today. We had a low in October/November and made the final low in March ... down to the same week of the calendar in March. And look at the bounce ... we had some summer weakness just as the market did in 2003 (as expected in every summer market) and then we were off to the races once again in 2003 and again in 2009. I know what you are thinking ... what occurred after November in 2003. Go to the next chart ...<br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SwtB3xEPIpI/AAAAAAAABms/mNSigaYVxb0/s1600/Dow+2+old.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407488203908129426" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SwtB3xEPIpI/AAAAAAAABms/mNSigaYVxb0/s400/Dow+2+old.png" /></a> The market busted out into a higher rally until March 2004 before we had a correction that really lasted for about 7 months before the market made higher highs later in the year.</div><div> </div><div>I'm not saying that this is going to occur again today ... what I am saying you just need to keep this in the back of your head when you are making trading decisions. A couple of points ... we have come further and faster than the 2003 market rally with higher unemployment and a really bad housing market but with lower interest rates. The economy is different today than it was 6 years ago ... much different. But I would not be surprised to see if the market does the unexpected and move higher ... much higher before it cools off. That would surprise most everyone and have others to push all their cash in over the winter and a leaving no other buyers for the spring market. Today, most everyone is calling for a 10-15% correction ... and the market always has a way of out foxing them.</div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-83840484840193426462009-11-22T22:46:00.002-05:002009-11-22T22:56:06.776-05:00Stock Market Update - November 20, 2009<a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SwoF_tj0P1I/AAAAAAAABmk/HY1jcb20FoM/s1600/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407140894731419474" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SwoF_tj0P1I/AAAAAAAABmk/HY1jcb20FoM/s400/Dow+60.png" /></a> The hourly chart for the Dow shows money flow (blue line) and the price indicator (green line) moving back down into the cycle low for the short term.<br /><br /><div><a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SwoF_POBo3I/AAAAAAAABmc/7EdelT0WwnA/s1600/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407140886586958706" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SwoF_POBo3I/AAAAAAAABmc/7EdelT0WwnA/s400/Dow.png" /></a> We may have a few more days of price weakness based on the money flow indicator (blue line with price). Only question is how much weakness?<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SwoF-lYkLsI/AAAAAAAABmU/oS02RMiXlys/s1600/Dollar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407140875356876482" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SwoF-lYkLsI/AAAAAAAABmU/oS02RMiXlys/s400/Dollar.png" /></a> The dollar is looking to put in some type of bottom ... not sure if it is a short term or longer term bottom.<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SwoF-PLWtUI/AAAAAAAABmM/MraejsRE4wo/s1600/Gold+in+Euro.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407140869395887426" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SwoF-PLWtUI/AAAAAAAABmM/MraejsRE4wo/s400/Gold+in+Euro.png" /></a> I wanted to point out a few charts for gold. Gold has not reached new highs when priced in Euros. This is something we should watch and may point to the direction for a full turn in the dollar when the price of gold meets its last high priced in Euro ... this would be a double top.<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SwoF9Xjl5aI/AAAAAAAABmE/sXx8MuIHCcY/s1600/Gold+in+Yen.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5407140854465160610" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SwoF9Xjl5aI/AAAAAAAABmE/sXx8MuIHCcY/s400/Gold+in+Yen.png" /></a> Same goes for gold priced in yen. It has not made a new high since 20008. This will be interesting when/if gold reaches the old high ... will a double top be put in and a turn in the dollar be the news of the day ... if so equities will weaken.<br /><div></div></div></div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-91569010092607161682009-11-20T08:26:00.003-05:002009-11-20T08:30:46.937-05:00Stock Market Update - November 19, 2009<a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SwaZRqYIAAI/AAAAAAAABl8/EwW2xRz0Lco/s1600/Dow+Hrly.png"><img id="BLOGGER_PHOTO_ID_5406176931417161730" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 360px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SwaZRqYIAAI/AAAAAAAABl8/EwW2xRz0Lco/s400/Dow+Hrly.png" border="0" /></a> The hourly chart shows that money flow is moving back up with the price (green line) moving down. We should start to see some price weakness now based on the direction of the daily money flow.<br /><br /><div><a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SwaZRWHYUmI/AAAAAAAABl0/E_3HegSP3hI/s1600/Dow.png"><img id="BLOGGER_PHOTO_ID_5406176925978219106" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 331px; CURSOR: hand; HEIGHT: 400px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SwaZRWHYUmI/AAAAAAAABl0/E_3HegSP3hI/s400/Dow.png" border="0" /></a> Daily money flow has turned over (blue line).<br /><br /><div><a href="http://1.bp.blogspot.com/_zVEeXwbjnys/SwaZQm02t9I/AAAAAAAABls/opcoXFyuuEM/s1600/Dollar.png"><img id="BLOGGER_PHOTO_ID_5406176913284052946" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 331px; CURSOR: hand; HEIGHT: 400px; TEXT-ALIGN: center" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/SwaZQm02t9I/AAAAAAAABls/opcoXFyuuEM/s400/Dollar.png" border="0" /></a> Is/has the dollar made a bottom? <div></div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-92080736687532317642009-11-18T23:49:00.002-05:002009-11-18T23:53:07.476-05:00Stock Market Update - November 18, 2009<a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SwTOprQd0vI/AAAAAAAABlk/eTs_l-7T3Cg/s1600/Dow+Hrly.png"><img id="BLOGGER_PHOTO_ID_5405672668133184242" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 360px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SwTOprQd0vI/AAAAAAAABlk/eTs_l-7T3Cg/s400/Dow+Hrly.png" border="0" /></a> We should see just a little more support on the hourly chart due to the direction of the money flow with the price chart (blue line).<br /><br /><div><a href="http://1.bp.blogspot.com/_zVEeXwbjnys/SwTOpOLKdKI/AAAAAAAABlc/E77sjxxRyzs/s1600/Dow.png"><img id="BLOGGER_PHOTO_ID_5405672660326315170" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 331px; CURSOR: hand; HEIGHT: 400px; TEXT-ALIGN: center" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/SwTOpOLKdKI/AAAAAAAABlc/E77sjxxRyzs/s400/Dow.png" border="0" /></a> As for the daily chart ... based on history of the money flow we should see some weakness/softness ahead ... the only question is how much??? The money flow cycle indicator has turned over and is heading lower. <div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-28266374204628753462009-11-17T18:05:00.003-05:002009-11-17T18:09:05.236-05:00Stock Market Update - November 17, 2009<a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SwMsb_mT0jI/AAAAAAAABlU/4yx8Jit_TBg/s1600/Dow+Hrly.png"><img id="BLOGGER_PHOTO_ID_5405212837214933554" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 360px; TEXT-ALIGN: center" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SwMsb_mT0jI/AAAAAAAABlU/4yx8Jit_TBg/s400/Dow+Hrly.png" border="0" /></a> Hourly chart for the Dow shows money flow is at the bottom of the cycle ... we should see some price support to come for the very short term.<br /><br /><div><a href="http://1.bp.blogspot.com/_zVEeXwbjnys/SwMsbdle2cI/AAAAAAAABlM/bHWdvFbX88c/s1600/Dow.png"><img id="BLOGGER_PHOTO_ID_5405212828084656578" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 331px; CURSOR: hand; HEIGHT: 400px; TEXT-ALIGN: center" alt="" src="http://1.bp.blogspot.com/_zVEeXwbjnys/SwMsbdle2cI/AAAAAAAABlM/bHWdvFbX88c/s400/Dow.png" border="0" /></a> As for the daily chart ... weakness is ahead ... again for the short term ... both money flow and price are close to their respective cycle highs. Any price strength may serve as a chance to short the market here for a few points.<br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SwMsatLI3TI/AAAAAAAABlE/__CB-VztkVE/s1600/Dollar.png"><img id="BLOGGER_PHOTO_ID_5405212815089261874" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 331px; CURSOR: hand; HEIGHT: 400px; TEXT-ALIGN: center" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SwMsatLI3TI/AAAAAAAABlE/__CB-VztkVE/s400/Dollar.png" border="0" /></a> Dollar showed some strength ... again the direction of the market is going to come down to the dollar.</div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-59086019911571966892009-11-15T19:23:00.002-05:002009-11-15T19:30:25.364-05:00Stock Market Update - November 13, 2009<a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SwCb6sNhNOI/AAAAAAAABk8/zZqO2oVuB0s/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5404490985447175394" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SwCb6sNhNOI/AAAAAAAABk8/zZqO2oVuB0s/s400/Dow+60.png" /></a> The hourly chart of the Dow shows money flow heading back up into the top of the cycle. We may be near a point to short the market very near term here.<br /><br /><div><a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SwCb6SoKAnI/AAAAAAAABk0/TLaoXX72nc0/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5404490978579579506" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SwCb6SoKAnI/AAAAAAAABk0/TLaoXX72nc0/s400/Dow.png" /></a> The daily chart shows the Dow money flow reaching the top of the cycle ... this is the setup you would like to see ... a move in price late in the cycle for both hourly and daily with corresponding money flow moves topping. Friday we had a 69% up volume day for the NYSE and flat money flow for the broader market.<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SwCb5xLVJlI/AAAAAAAABks/IrSwy_TP21A/s1600-h/Dollar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5404490969600304722" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SwCb5xLVJlI/AAAAAAAABks/IrSwy_TP21A/s400/Dollar.png" /></a> The dollar was down which gave the market its strength.<br /><br /><div><a href="http://2.bp.blogspot.com/_zVEeXwbjnys/SwCb5FGjd8I/AAAAAAAABkk/Dqpbea9-4ts/s1600-h/Gold+in+Euro.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5404490957769111490" border="0" alt="" src="http://2.bp.blogspot.com/_zVEeXwbjnys/SwCb5FGjd8I/AAAAAAAABkk/Dqpbea9-4ts/s400/Gold+in+Euro.png" /></a> Something for the gold bugs here ... the price of gold in Euros has not exceeded its high this past February. Something to note ... we may see a double top in the market. <div></div></div></div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-62120029615200902292009-11-12T23:10:00.003-05:002009-11-12T23:15:42.745-05:00Stock Market Update - November 12, 2009<a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SvzcZju3HRI/AAAAAAAABkc/3BiCDQ4Vu0Y/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5403435984584383762" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SvzcZju3HRI/AAAAAAAABkc/3BiCDQ4Vu0Y/s400/Dow+60.png" /></a> We should have a bounce sometime soon. The hourly chart is oversold for the short term.<br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/SvzcZfPM0bI/AAAAAAAABkU/HPFBCn9MCuc/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5403435983377846706" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/SvzcZfPM0bI/AAAAAAAABkU/HPFBCn9MCuc/s400/Dow.png" /></a> On the daily chart the money flow is almost back to the top of the range ... we would need to see the hourly money flow to move back up to the top and look to move back down before we need to even think about the daily money flow line to move back down. Today on for the NYSE we had an 85% volume down day and we has a slight money outflow.<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/SvzcYqZapsI/AAAAAAAABkM/YupkD8iy-is/s1600-h/Dollar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5403435969193617090" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/SvzcYqZapsI/AAAAAAAABkM/YupkD8iy-is/s400/Dollar.png" /></a> The downward pressure for the market was the dollar.</div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com0tag:blogger.com,1999:blog-5979906673899549347.post-47263600483370275802009-11-11T22:10:00.003-05:002009-11-11T22:17:40.239-05:00Stock Market Update - November 11, 2009<a href="http://3.bp.blogspot.com/_zVEeXwbjnys/Svt84wDS-sI/AAAAAAAABkE/Fo0O5E62wVM/s1600-h/Dow+60.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 360px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5403049492374289090" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/Svt84wDS-sI/AAAAAAAABkE/Fo0O5E62wVM/s400/Dow+60.png" /></a> Money flow indicator has bottomed on the hourly chart for the Dow. This does not mean the index will automatically move up from here ... just that it has bottomed on the modified ... the actual is still hanging around the mid point of the cycle. The green line for price is about to roll over ... I think we will need a couple more money flow cycles up and down before we can think of the market truly rolling over somewhat.<br /><br /><div><a href="http://3.bp.blogspot.com/_zVEeXwbjnys/Svt84VAILQI/AAAAAAAABj8/XZgnJwmzc_U/s1600-h/Dow.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5403049485113240834" border="0" alt="" src="http://3.bp.blogspot.com/_zVEeXwbjnys/Svt84VAILQI/AAAAAAAABj8/XZgnJwmzc_U/s400/Dow.png" /></a> Money flow for the daily Dow is just above the mid point. Could be another week +/- a day or two before we see some kind of topping. Today was a 65% up volume day for the NYSE and we did see a positive inflow of cash.<br /><br /><div><a href="http://4.bp.blogspot.com/_zVEeXwbjnys/Svt839yHTyI/AAAAAAAABj0/reex5nxhnds/s1600-h/Dollar.png"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 331px; DISPLAY: block; HEIGHT: 400px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5403049478880448290" border="0" alt="" src="http://4.bp.blogspot.com/_zVEeXwbjnys/Svt839yHTyI/AAAAAAAABj0/reex5nxhnds/s400/Dollar.png" /></a> The real question is ... what is the dollar going to do ... and when?</div></div>Jeffhttp://www.blogger.com/profile/05034433096038770293noreply@blogger.com2