Canadian Pacific Railway (CP) Stock Chart Analysis & Trends
In today's podcast Paul Kavanagh discusses the trends of world markets, specifically recent disappointing US data; the easing of Eurozone crisis; and Euro bond auctions. He then looks at the currency markets and the gold market, particularly against the Baltic Dry Index. Paul continues with a focus on the mining sector highlighting Xstrata and Glencore, and finishes with a look at FTSE 100 and world markets
www.tradethemarkets.com Even though daily charts look bad, the weekly charts of the indexes are bullish. The market has been inundated with bad news and still it continues making higher lows. Do not fight this. The stock market is tricky. I do not want to be aggressively short because I think we have a shot of trading into the upper range. I like the way the AAPLs and GOOGs of the world are behaving. No chart is more bullish right now than 10-year notes. The daily has fired off a long. Does it make sense for the 10-year to be so bullish? Can rates go any lower? Not really, but this is where money is flowing to for safety. I expect a dead cat bounce in Crude as it is beginning to mimic the stock market. As is AUD/JPY. To me it feels like everything wants to go lower, but the weekly charts say otherwise. I look for Gold to get a dead cat bounce and then trade sideways. Both it and silver will remain under pressure heading into next year. Silver has fired off a short squeeze so any rallies can be shorted. The big problem with the markets right now is financials. They are what destroyed the market today. Goldman Sachs has gotten hammered. It is difficult for a market to rally without the participation of the financials. No participation from other sectors is fine, but not financials. The Dollar Index is very bullish. Look for consolidation around its resistance level of 81. Do I expect the dollar to move significantly higher? Yes. This has to do with the global recession ...
Free stock market video course at www.asxmarketwatch.com This week we look at two extremely important lessons on chart analysis, including why markets are rising when the economy seems to be doing poorly. We also loo at trend signals, and what to do during a sideways market. www.asxmarketwatch.com
Taking a look at the daily trends in many forex currency pairs. Enjoy a quick review of the major trends in the poipular pairs with an added discussion of the stock indexes.
www.alphatrends.net The intermediate term trends have turned neutral to slightly lower which gives us reason to be more cautious initiating new longs, but with longer term trends still higher it does not seem like a good idea to get aggressively short. The next few days will reveal whether this is a pullback in an uptrend (I think so) or the beginning of something bigger.
Stock market commentary for January 17 2012
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In this NetPicks Free Educational Webinar we round up our coaching team to deliver our predictions for 2012. Hear what's going to be white-hot in 2012, what trends are going to grow ice-cold and which 2011 trading techniques are going to stick around and make the long haul throughout 2012.