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S&P500 Short-Term Update S&P500 Short-Term Update By Alexander Nikolov S&P500: 1257.91 Short-Term Trend: sideways Outlook: One week ago I favored a long position if the 1267 level was taken out. That happened, but there was no follow through higher. Still, there is a chance that the index will rally in the first week of 2012 and will confirm the bullish breakout. A... Continue Reading | write a comment

Broad Trading Range in Nasdaq 100 Broad Trading Range in Nasdaq 100 By Alexander Nikolov Nasdaq 100: 2237.87 Short-Term Trend: sideways Outlook: The daily chart remains dead neutral as the prices remain between the most recent extremes (2400 on the upside, and 2150 on the downside). The most logical choice for the wave structure is shown on the chart above. I think a Contracting Triangle... Continue Reading | write a comment

Weekly ASX Update: AGL Energy Limited... Weekly ASX Update: AGL Energy Limited FPO (AGK.AX) By Autochartist By, James A. Hyerczyk AGL Energy Limited FPO (AGK.AX) broke out to the upside of a triangle chart pattern on the 240-minute chart. Not only did the equity CFD surge through a downtrending resistance level, but it also took out the December 5 swing top at 14.70 to change the main trend to up. The... Continue Reading | write a comment

Nasdaq 100 Short-Term Update Nasdaq 100 Short-Term Update By Alexander Nikolov Nasdaq 100: 2318.95 Short-Term Trend: sideways Outlook: Nasdaq was little changed as it traded sideways last week. First it tried to move higher, but the upside was limited (well below the key 2400/10 resistance level). Then, there was a decline on Wednesday and Thursday to 2278 but the market then... Continue Reading | write a comment

Weekly ASX Update: Automotive Holdings Group Limited... Weekly ASX Update: Automotive Holdings Group... By Autochartist By, James A. Hyerczyk Automotive Holdings Group Limited recently ran into a wall of resistance near 1.91, triggering a gap to the downside and a subsequent break through the support line of a triangle chart pattern on the 60-minute chart. The size of the last candlestick suggests strong momentum that should lead... Continue Reading | write a comment

S&P500 Short-Term Update

S&P500: 1257.91 Short-Term Trend: sideways Outlook: One week ago I favored a long position if the 1267 level was taken out. That happened, but there was no follow through higher. Still, there is a chance that the index will rally in the first week of 2012 and will confirm the bullish breakout. A...

Continue Reading | write a comment