...Back on topic..
The S&P500 has broken up out of its 6 week down trending channel..so TA wise expect it to test its all time highs with a good chance it will form another record high
...now in agreement, although no NYA, VIX, or Liquidity breakout of the triangular pattern has occurred and chances for another swift shake-out are as good as a breakout to new highs.
...would not mind another swift yummy equity shake
kind regards
8th February 2015 post#1549
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Back on topic..
The S&P500 has broken up out of its 6 week down trending channel..so TA wise expect it to test its all time highs with a good chance it will form another record high
Didn't have to wait long
As I type the S&P500 is at 2095.73, record breaking above the primary resistance of 2093.55 (the previous intraday record top of 2093.55 set on the 29th December 2014)
Didn't have to wait long
As I type the S&P500 is at 2095.73, record breaking above the primary resistance of 2093.55 (the previous intraday record top of 2093.55 set on the 29th December 2014)
It seems "black squirrel" may have been coined by Chuck Jaffe back in 23 August 2013 in a video interview.
Chuck's Black Squirrel Event is a sudden shutdown of services which at the time of happening is unexplained..It is not a rare event..but some notable events in Stock Exchange History were Dec 1987 and Aug 1994 when the NASDAQ suddenly shut down due to squirrels gnawing through power lines and charring themselves in the process...hence the imaginative named event
I follow the S&P500 closely from a fundamental and technical viewpoint. It is highly correlated to the NZX. big.jpg (sorry about the size).
So whatever the S&P500 does, you can bet we will follow. The trend on my twitter account has been all about market breadth (or lack of it). While we have recently had a new high, it is only the larger components of the index that are also making new highs. Apparently, market breadth is very important. Divergences in breadth in the past resulted in major market crashes.
Also, of note is that the transport stocks are also falling.
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