Sunday, August 17, 2014

The Weekly Market Outlook - $DJIA $SPX $NDX 18 August 2014

*****The market has tested support and resitence levels, as reviewed last week, with continued possibility of testing lower levels before breakout to new highs.

World politics and news may make for faster tests to the downside and possible quicker recovery as well. Optimism or pessimism into the Fall and final month of the quarter will weigh more heavily as we close this week and month.

The fast rise in latest days of the $NDX can become a challenge if it reverses and continues down below the test lines. It could create pattern signaling a longer term pullback. But the $SPX and $DJIA still need to catch up which could further support the Nasdaq and its climb.

Good luck and
Happy Trading, Living and Dancing

The Daily Pick - ©DayTrading with Anni 2007 - 2014 All Rights Reserved

Sunday, August 10, 2014

The Weekly Outlook - $DJIA $SPX $NDX for August 11, 2014

*****Markets are resilient, but where are we really? We've been rising for five years now so are we in a small correction or a major one coming, or are we at the crossroads of a consolidation and breakout to new highs?  I can only follow the charts and hopefully discern what is just noise. Here's what to look for this week:

12 Aug. 2014 Tuesday evening: $DJIA $SPX $NDX   The levels to watch haven't changed, instead they were confirmed in the past two trading sessions.

14 Aug. 2014, Thursday evening: $DJIA, $SPX   Finishing at resistance are we back on easy street? Friday should be testing the 16750-16800 and 1960-1965 respectively. $NDX is running ahead of itself and the markets. Perhaps a little too fast. Friday watch the 3975 - 3983 and the 3960 for stress tests.

Happy Trading, Living and Dancing

©DayTrading with Anni 2007 - 2014 All Rights Reserved

Sunday, August 3, 2014

The Weekly Outlook _ $DJIA $NDX $SPX August 3, 2014

*****Market outlook as I now see it on charts: $DJIA $NDX $SPX

 ©DayTrading with Anni 2007 - 2014 All Rights Reserved