Tag Archives for " Global Market Trends "

The Market Pauses . . .

Some Price Points for Breakaway Moves . . .

The Stock Market has expended a lot of energy in it's upwards climb since the election.

To assimilate this upwards price action, markets need to pause to re-energize and consolidate the recent price moves.

The trend has shifted to sideways which is essentially nothing more than a non-trending market state.

Whether the market breadth is for 30 stocks (the Dow), 500 stocks (the S&P 500 index) or the larger 2000 company group represented by the Russell 2000, we see the same action displayed: A consolidation or sideways trend is in process following our recent strong upswing in prices.

This, however, is not just a local market phenomena. By examining the Japanese Stock Index, we find the very same type of activity: a pause in upward momentum.

I've provided a few price points to watch in the Nikkei and the Dow in the charts to the left.

It would not be out of line at all for the markets to pull back like a spring and then launch upwards to new highs.

One needs to allow a certain amount of price movement (which is derived from some formulas I've learned over the last 45+ years of studying WD Gann's materials, clues & rediscoveries) in order not to panic when prices pull down from their present high points.

Locating critical price levels for highs and lows as well as highly probably turn dates are really some of the most sought-out tools that traders wish for.

Predictions can be made very accurately, but, one must first put away faulty assumptions and teachings. - George

Euro Price Points to Watch . . .

Watch These Price Points for Breakaway Moves . . .

Here's a quick rundown on some price points of interest in the Euro for the next few days.

We're close to a price break down point at the 1.0520 level.

Note the upper green line. Unless price rises and closes above 1.0637, don't consider it a trend.

Click on chart to enlarge for clarity.

Confidence: The Engine of the Global Economy

Prosperity is a State of Mind . . .

Many have grown up with the belief that the reported news and events of the World or Nation are what constitute the Economy. THEY DO NOT.

CONFIDENCE is what ultimately drives the Economy to either rise or fall.

Confidence goes beyond overhyped 'Hope'. Hope is merely a 'wish' without the actual 'mechanics' to turn that hope into reality, and is, therefore largely worthless. A false emotional high.

When the People-at-large sense that nothing has changed, then, hope turns to hopelessness faster than one could imagine.

The opposite, however, also holds true, and, when the People sense that real Change is afoot, Confidence rises and with it real hope for a better tomorrow. This affects attitudes towards spending and, therefore the real Economy will reflect this increase of Confidence even before it's noted in the media.

We're seeing a great rise in Confidence now around the World. The old media isn't reporting it, but, the signs are there for those who can interpret the Charts.

The 4 charts shown give an inside view of the 'Big Picture' and the Markets. Stock, Financial markets and even international shipping are all responding to this new Confidence as seen by the charts to the left. - George

Don't Fight the Trend . . . Follow It!