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Europe is walking a very fine line here! Watch the next step!!!
CLICK ON CHART TO ENLARGE The strong rallies in London, Germany & France over the past few years has created steep bearish rising wedges, which two-thirds of the time result in lower prices. No...
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Europe Breaks down, China Breaks out…S&P 500 will follow?
CLICK ON CHART TO ENLARGE Over the past few years, Europe has had strong rallies, which have formed rising wedges. Two thirds of the time this pattern leads to lower prices. Of late support lines...
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Global Stock Markets current message & update
CLICK ON CHART TO ENLARGE The above 6-pack update the patterns on some of the larger stock markets around the world. As you can see Germany and the S&P 500 are these strongest of this set, as...
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World on a high wire…
Global markets on a high wire?CLICK ON CHART TO ENLARGEGlobal markets remain in a very tricky situation, per the vast majority of them are setting on support lines at the same time. Last weekend I ran...
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Will the S&P 500 continue it’s relative weak peformance?
Much attention is being directed towards the S&P 500, as it nears its 2007 highs. From a performance perspective over the past 6 month, the chart below reflects the S&P 500 is very weak,...
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Key world markets all attempting breakouts…at the same time!
CLICK ON CHART TO ENLARGEWhat does the French, London, Hang Seng, China, S&P 500 & German stock markets have in common? The answer isn’t that they are all at all-time highs!What they all have...
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Divergence taking place since May, due to Germany?
The broad markets (S&P 500 & NYSE) have been diverging against the Advance/Decline line since May. Why did this start in May?Below looks at the NYSE A/D line, based upon Common stocks only. The...
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Leadership (DAX & Bio-Tech) creating reversal patterns says Joe
CLICK ON CHART TO ENLARGEThe Power of the Pattern has been sharing with members for months, that what the DAX Index in Germany and Bio-Tech does, has a large impact, on the broad markets in the states....
View ArticleGermany- Leading index creates bullish reversal pattern last week
CLICK ON CHART TO ENLARGE DAX Index (Germany) continues its global leadership role. DAX remains inside of its 5-year rising channel (A). Top of the channel was hit over a year ago. After hitting the...
View ArticleLeading indicator boxed in, attempting critical breakout
The German DAX index has been a good leading indicator for stocks in the states. At this time the DAX is boxed in between 6-year rising support and 1-year falling resistance, see chart below. CLICK ON...
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