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DOW INDUSTRIALS - % STOCKS > KEY EARNINGS LEVELI've been doing this analysis by hand since April 28, 2015 in a spreadsheet at Google. 4/28/2015 1:30 PM 46.70% 53.30% 18111 17960 4/29/2015 9:44 AM 40.00% 60.00% 18083 17975 PFE, MRK reported 4/29/2015 2:26 PM 46.70% 53.30% 18055 17975 4/30/2015 9:55 AM 46.70% 53.30% 17968 17970 4/30/2015 10:47 AM 43.30% 56.70% 17930 17977 4/30/2015 3:54 PM 40.00% 60.00% 17876 17977 5/1/2015 10:30 AM 46.70% 53.30% 17977 17977 5/4/2015 10:47 AM 43.30% 56.70% 18102 18052 Apple rally faded right near KEY LEVEL. 5/4/2015 3:50 PM 43.30% 56.70% 18070 18038 5/5/2015 4:00 PM 40% 60% 17928 18039 5/6/2015 11:40 AM 40% 60% 17,865.67 18039 Biggest spread from the KEY LEVEL I've seen. Bond mkt and US DOLLAR tumbling I've also added "% of stocks above their 50 day moving average" since I think that might approximate this indicator and to just see how helpful it is and to learn. I've noticed so far that the market has traded quite closely to the KEY LEVEL so far. Note we are right on the 66-day moving average, which is 1-quarter of data, which certainly is the time frame of the distance between earnings reports. I put "short" on here because the DOW is below the KEY EARNINGS LEVEL of 18039. How you want to trade it is up to you: I think you can execute right "at" the KEY level by selling a rally up to it and risking 1 average range. The target might be just 1 average range also. That is just one method of trading this. You could certainly trade this any way you see fit. The key is knowing if the market is being "accumulated" or "distributed" and as it is now, it is being "distributed" since we are below the average KEY LEVEL. It shows that people are disappointed with the earnings reports and the forecasts for the coming quarter. Cheers. Tim 12:02PM EST May, 6, 2015
IShort
by timwest
10
AUD/USD Analysis 30.04.2015Background: Aud/Usd Remains in a downtrend but we found support @0.75600 ish level and price found balance, we formed a minor range between 0.7560 support and 0.7914 resistance , where price broke thru resistance but price traded back into the broken resistance, however its not over for the bulls as the up channel is still intact and if we find buyers we may head back aboove to retest the current high @0.80600 Signs of Strenght: price found support broken resistance up channel Signs of Weakness: Downtrend broken resistance didnt turned support @ retest Key Levels above current price: 80750 82500 79800 Key Levels below current price: 78180 77200 75600 sidenote: A Trading channel is nothing but a diagonal trading range where the upper limits is the oversold level and the lower limits is the oversold level , whereas the mean in this case rising represents fair value. and as it rises so does demand , if price fails to take out the lower limits of the channel and we break the RED trendlines this indicates that demand is in charge and any higher low can be used as an entry signal for a long position
by Invezted
Anticipatory OverviewWe are sitting on a prior consolidation level (230-235). These are the possible outcomes: 235 holds, we break up, inverse H&S resolves, target 280-290 235 breaks resulting in a meassured move down to 180 Last time market retested such a major consolidation level from above, OBV was in a downtrend, thus price continued the downtrend. Rightnow we have a similar situation only that OBV is in an uptrend. This may be a hint for a bullish resolution of this situation. Also we have a tripple bottom with long wicks at this level, suggesting strong support. Large volume is required to create a convincing breakdown. Check out the charts linked bellow for more details about my bullish bias here. Cheers : ]
BITFINEX:BTCUSDLong
by MagnusTradingGroup
9