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, December 9, 2011
Thursday, December 8, 2011
Wednesday, December 7, 2011
Tuesday, December 6, 2011
The golden M (i`m loving it ) looks to me very similiar to GLD.I don`t know why, i don`t understand the corelation between MCD and GLD but it sure looks to me like it worked for the last 3 years.
Next time i want to buy a golden jewel i will get a big mac. :)
Looks like financials made a higher low along with the broad market.The difference is the financials are much lower than the broad market.While the Q`s made a new high above 2008 and SPY is trying to do the same , XLF is still struggling to breathe.
Time will tell if the underperformers ( XLF ) will one day be overperformers.
Monday, December 5, 2011