Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.
All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.
Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).
Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.
Romanian Market. This is a section dedicated to Romanian stocks and indices.
Friday, November 18, 2011
Thursday, November 17, 2011
Wednesday, November 16, 2011
Mayday mayday we are sinking!!!!!!!!!!!
What are you sinking about ?
Looks like the resistance was to much.The DAX dropped like a stone along with the euro.It is aproaching the day`s low on very high volatility.Very hard times to trade.
Tuesday, November 15, 2011
Dow spot performs as expected, trying to make a breakout.Bonds going down, dow going up....easy!!!!!!!
NOT SO FAST!!!!!
We need a clean breakout on equities and a clean breakdown on bonds to be sure.
A little more patience and we should get a very nice trade.
The triangle that we see now on multiple charts coresponds to sideways action in bonds lately.Both TLT and IEF show the same caracteristics.To get a breakout on stocks we need to get a breakdown in bonds.Will the bonds solve the pattern for stocks, or the stocks will solve the pattern for bonds ?
If history truly repeats itself then we should get a large move in the coming days/weeks....
SPY is also close to solving the pattern.I would consider a valid breakout above 127 and a valid breakdown under 123.I admit it is a large distance between 127 and 123, at least for day traders.But in this case i think waiting for the breakout to validate will payoff .