Archive for July, 2010

Sat July 31

31 July 2010 - 11:26 pm UTC


DOW weekly chart and back to the megaphone pattern…

New DOW monthly chart gives us similar target with important
support around 9700.

The March 2009 lows will not hold as long term trends remain
bearish. Other global equity indexes are similar.

EURUSD daily chart is bullish. Weekly chart is bullish to neutral.
Monthly chart is bearish. Opposite applies for the USD Index.

CRUDE OIL daily chart is neutral to bullish. Weekly chart is neutral.
Monthly chart is neutral.

COPPER daily chart is bullish. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not
been bullish for some time – warning what’s ahead for the
global economy.

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Fri July 30

30 July 2010 - 10:43 pm UTC

Best FX trend atm: GBPUSD
GBPUSD daily chart bullish. Weekly bullish.

Fri July 30

30 July 2010 - 1:08 am UTC


DOW daily chart showing two megaphone wedges . . .
More text later when I get time.

Thurs July 29

29 July 2010 - 11:09 pm UTC

DOW/SP500 mixed signals continue and choppy daily chart is
now neutral.

Best FX trends atm: EURCAD EURUSD GBPUSD

Thurs July 29

29 July 2010 - 5:47 pm UTC

Yet more mixed signals on the charts: reflecting the confusion and
indecision in the economy. DOW/SP500 very choppy daily charts
now give a mild bullish warning.

Wed July 28

28 July 2010 - 11:19 pm UTC

I expect further upside for these:

GBPAUD
EURAUD
GBPCAD
EURCAD

GBPUSD daily chart is bullish. Weekly is bullish. Monthly is bearish.

Wed July 28

28 July 2010 - 9:43 pm UTC

DOW chart gives intra day warning that rally could be ending.
10,533 last price.

Tues July 27

28 July 2010 - 1:00 am UTC

GBPCAD daily chart is bullish.
Weekly chart is neutral to bullish.
Monthly chart is bearish.

Tues July 27

27 July 2010 - 8:17 pm UTC

EURUSD buying support mentioned since June continues.
Daily chart remains bullish. Weekly chart is bullish to neutral.

USDCHF daily chart remains bullish and continues to trend well.

Mon July 26

26 July 2010 - 2:28 pm UTC

GBPUSD daily chart is bullish. Weekly chart is bullish to neutral.