Monthly Archives: July 2015

Bo Yoder’s S&P update

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The S&P 500 (ETF Proxy – AMEX:SPY) cycled back through its range highs as we forecast a few weeks ago. The bearish readings on this most recent drop have us hopeful that this could be “the top” that leads to a more substantial downturn, but we will not know the odds picture for sure until…

A tense week ahead

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After a good start to the week, stock indices worldwide tumbled for the last four sessions. The Dow Industrials fell below a 786 retracement of the last up wave but stabilized at the 786 level in late trade. The 786 is a very strong FIB level that’s keenly watched by experienced players. In Germany the…

The turn goes by the book

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Two weeks ago I wrote about the sequence of events that occur when a down move gradually turns upward. Since then, although progress has been slow, all is going by the text book. On Tuesday and Wednesday last week the 14th and 15th of July the Composite printed two Doji candles. The lows of these…

Bo Yoder´s S&P update

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The S&P 500 (ETF Proxy – AMEX:SPY) continues to chop around without direction or sponsorship. Our forecasting model has the market at a short term low, with the odds highest for a short term rally back up into the $208-$210 area, then the odds are growing that a range will form. Pfizer Inc. (NYSE:PFE) PFE…

Baby steps towards an Up wave

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After a sell off early in the week the support levels I spoke of last week have held. The falling wedge is one of my favourite trading patterns and I have specialized in its nuances over many years of trading. On the Ft100 the pattern setup exactly as I was setting up for a VectorVest…

Bo Yoder´s US Markets Update

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The S&P 500 (ETF Proxy – AMEX:SPY) finally has put some price action on the chart that is worth commenting on!  With the turmoil in Greece dominating the headlines, the S&P has dropped out of the range it has been trapped in since February. Our forecasting model has the market at a short term low,…

David Paul´s Market Update

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The financial world seemed to on hold during Fridays trading. The US is on holiday and the rest of the world was awaiting the decision by the Greek electorate.  The reults are in and the people have said “No” to further austerity.  We can only wait to see how the markets react. Both short term…