Allan Trends: Did You See a Bear? (7/22)

Did You See a Bear?

(From Market Shadows Newsletter)

Allan Trends provides trading ideas based on Technical Analysis. Allan covers about 30 stocks, indexes and ETF’s, in multiple time frames, including Hourly Models in SPX and QQQQ for shorter-term analysis.

New Signals

SPX Hourly————->SHORT

NASDAQ Hourly——>SHORT

CIGX———————>SHORT

CME———————>SHORT

 

Weekend Market Analysis

DJIA Daily w/EW

 

NASDAQ w/alternate EW

 

GS Wave 5 Target = 75-65

 

NFLX Target 45-25

 

BIDU Wave 5 Target = 60

 

So what’s with all of the charts to start off this weekend’s comments? Taken as a whole they paint a portrait of a very unhealthy market. That doesn’t mean it has to go down on Monday, or next week, or in the next month. In fact the trend models of the major stock indices are mostly Long. But it is not the picture of health. I think it looks like a market in transition from a three year rally to a long decline.

The mantra here is not to let such observations control trading decisions. For the most part, that has served us very well for the past two years. Yet a small piece of what I offer here is the tutelage of an experienced trader, trend models or not. Those charts above are not well. I just can’t imagine that there is anything but a downward spiral in store for the stock market. Take that for whatever it is worth.

 

Commodities

USO – Crude Oil

 

SLV – Silver

 

GLD – Gold

 

DBA – Agriculture

 

DBC – Commodity Index

 

UNG – Natural Gas

 

UGA – Gasoline

 

Subscriptions to AllanTrends standard service are $100 per month. Click this link for a risk free trial to Allan’s standard service.  Try his premium service for more active traders.

Enter Email Address

Trackbacks

  1. [...] jQuery(document).ready(function() { jQuery("#content img").addClass("imageSeven"); }); Market Shadows Life vs. Stock Market #branding { width:1100px; height:204px;} #header { background:url(http://www.marketshadows.com/wp-content/uploads/2012/06/cropped-IMAG03311.jpg) no-repeat;height:240px;} Skip to content HomeAbout Market ShadowsCycle EditingInterviews (sample writing/editing in the area of financial markets)Pictures by a World Traveler ~ JapanPictures by a World Traveler ~ PortugalMarket Shadows NewsletterMarket Shadows Newsletter (6/24)Market Shadows Newsletter (7/1)Market Shadows Newsletter (7/15)Market Shadows Newsletter (7/8)TA & StrategiesAllan TrendsAllan Trends Alerts (6-14)Allan Trends Weekend Update (7/7)Allan Trends Weekly Update (7/22)Allan Trends ~ Weekend Update (6/10)Allan Trends’ Weekend Update (6/17)Allan Trends’ Weekly Update (6/23)AllanTrends’ Weekend Update (7/1)Springheel Jack’s Weekend UpdatesSpringheel Jack’s Weekend Update 7-7: Short Term BullishSpringheel Jack’s Weekly TA (6/30) « Allan Trends: Did You See a Bear? (7/22) [...]

Speak Your Mind

%d bloggers like this: