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>> getmenews 2008
getmenews
No, this chart is not where we came up with 2008 to enter a short, it is made for tweeters to show the public..
09/08/14 USD chart
02/16/14 07:14:20 PM
the USD index since July/2011, imho, exhibits a clear a-b-c-x-a-b-c-x-a-b-c sequence. The USD index is in an onset readiness position to commence its acceleration advance to complete the last 'c'.
09/06/14 SPX Cycles
The actions in the next few weeks (center 09/18 +/-, see chart) will corroborate for a major decline to take hold.
To be elaborated.
09/05/14 SPX Misc.
(1) Review:
________________________________________
05/26:
1931.41/1.786 is the pivot/inflection point to gauge whether SPX will enter the zone 1970-2050.
08/16:
new high on breaking up resistance: 1970.95-1972.89
________________________________________
On September 4, index marked an ATH 2,011.17, one of the projected numbers is 2012.25.
(2) Strategy:
GTC sell long positions, installed.
(3) Cycle:
To be posted in a separate post
(4) Outline:
Bull market, up trend. see criteria
Index pokes into the pivotal /target zone 1994-2019 with the possibility of rampping to 2047.41.
(5) Projections:
(5.1) Use large reference frame, chart 2.
The next major target is 2130.46 (see table in chart)
middle term high target zone: 2047.41-2069.93 (see table in chart)
(5.2) Use local reference frame, chart 1.
short term high target zone:
2013.31, 2026.13, 2036.50, (2046.86)
2012.25, 2019.19, 2037.98
(5.3) short term bear gauge:
1986.06-1976.74, floating with ATH,
(0.236/0.3236 : 1904.78 : 2011.17)
chart 1
chart 2
09/04/14 SPX pivotal zone 1994-2019
On 08/21, SPX pokes into the (weather-vane type) pivotal zone 1994-2019. It has been 10 trading days without seeing “punching through” this zone so that the odd is increasing that we are getting closer to the final advance.
09/04 - intraday high & ATH 2011.17
One of the projection is 2012.25. see chart: http://www.chartupload.com/images/87752122720963372823.jpg
short term bear gauge 1986.06-1976.74 (0.236-0.3236, 1904.76-2011.17)
immediate resistance: 2012.25-2019.19
08/26/14 08:23:49 PM
it is about time to see big drop in middle September thru October.
ahimsak 08/26/14 07:22:11 PM
End of august good time to short most years. In past 27 years, a good august was followed by a terrible sept-oct, and vice versa.
05/26/14 01:24:03 PM
1931.41/1.786 is the pivot/inflection point to gauge whether SPX will enter the zone 1970-2050.
08/30/14 Index pokes into the pivotal/target zone 1994-2019
Index pokes into the pivotal /target zone 1994-2019 with the possibility of ramping to 2047.41.
The next major target is 2130.46.
short term bear gauge: 1981 +/- (0.236:1904.76:2005.0)
A garrulous Told-You archive:
02/08/14 12:24:01 PM
In the wave table, You can find some “popular” numbers such as 1860, 1880, 1944, 2130,2213 .. etc, These are the wave Fibonacci extensions. see chart.
(edit: i put the old table in the up-to-date chart)
03/06/14 10:17:27 AM
middle term target 1944.65
(On 06/06 index surpassed 1944.05 and closed at 1949.44)
05/26/14 01:24:03 PM
1931.41/1.786 is the pivot/inflection point to gauge whether SPX will enter the zone 1970-2050.
(On 06/05 index surpassed 1931.41 and closed at 1940.46)
(On 07/01 index surpassed 1970.00 and closed at 1973.32)
07/23/14 10:43:28 AM
the target zone can be narrowed down to 1986.52-1994.08-2004.44
(On Aug 26, index marked an ATH 2,005.04)
After Labor day
In year 2000, Labor Day falls on first Monday of September, 09/04/2000. US Stock market declined after the Labor day holiday dramatically.
In 2007, big decline started after October 11.
Labor Day in 2014 is on Monday, the 1st of September.
it is about time to see big drop in middle September thru October.
One Man's View of the World by Lee-Kuan-Yew
Lee Kuan Yew - http://en.wikipedia.org/wiki/Lee_Kuan_Yew
In this book, Lee draws on that wealth of experience and depth of insight to offer his views on today's world and what it might look like in 20 years.
he describes a China that remains obsessed with control from the centre on its way to an unstoppable rise; an America that will have to share its pre-eminence despite its never-say-die dynamism; and a Europe that struggles with the challenges of keeping its union intact.
http://www.amazon.com/One-Mans-View-World-Kuan/dp/9814342564/ref=sr_1_5/175-9434109-9847720?ie=UTF8&qid=1409086762&sr=8-5&keywords=Lee+Kuan+Yew
Geo-Economic: Insight China (5)
This series outline the competing status in the global economy.
Other than "Jobs shit to off-shore", Losing dominance in global competition is a ‘chronic’ issue, it is bitter and merciless.
The De-industrialization of America
August 11, 2014
Paul Craig Roberts, Dave Kranzler, and John Titus
http://www.paulcraigroberts.org/2014/08/11/de-industrialization-america/
The Economist - Shipbuilding and maintenance
http://www.economist.com/topics/shipbuilding-and-maintenance
How shipbuilding changed over a century
Daily chart: Ahoy!
chart: http://cdn.static-economist.com/sites/default/files/imagecache/original-size/images/2014/08/blogs/graphic-detail/20140809_gdc469_0.png
At the start of the 20th century the undisputed leader was Britain.
American — in 1944 it produced around 90% of all ships by weight.
in the 1990s the Asian nation accounted for around 20% of the market, twice that of Europe. Yet the 21st century may end up belonging to Asia nations. Today, South Korea, Japan, and China take more than 90% stake. For China, It has gone from about 5% of all ships by weight in 2000 to around 35% today.
more details: http://www.economist.com/blogs/graphicdetail/2014/08/daily-chart-4?zid=293&ah=e50f636873b42369614615ba3c16df4a
08/24/14 SPX
Review:
On 08/21 SPX marked ATH 1994.76, one of the projected numbers is 1994.08, see chart.
Outline:
SPX index is in up trend.
Projections:
short term high target zone: 1994.08-2019.19
see chart.
short term bear gauge: 1973.52 +/-
(0.236:1994.76:1904.78)
short term low targets: 1st 1960.39-1949.77
2nd 1939.15-1924.04
3rd 1914.21-1883.27
DecisionPoint Market Analysis Chart Gallery
Market Trend Charts (moving averages as of 08/22) http://stockcharts.com/freecharts/dpgallery.html
Daily Trend Analysis
If the 20-day EMA (1964) is above the 50-day EMA (1954), the intermediate-term trend is bullish.
If the 50-day EMA (1954) is above the 200-day EMA (1869) , the long-term trend is bullish.
Weekly Trend Analysis
If the 17-week EMA (1940) is above the 43-week EMA (1870) , the long-term trend is bullish.
Monthly Trend Analysis
If the 6-month EMA (1925) is above the 10-month EMA (1877) , the very long-term trend is bullish
The ELLIOTT WAVE lives on
Anthony Caldaro August 23, 2014 http://caldaro.wordpress.com/2014/08/23/weekend-update-462/
This bull market continues to unfold in five Primary waves from the March 2009 low.
Primary waves I and II completed in 2011, and Primary wave III has been underway since that October 2011 low.
Primary wave III has divided into five major waves. Major wave 5 has been underway since that February 2014 low.
The next set of ranges we see are SPX 2000 to 2008, the 2019 pivot range, and then SPX 2033 to 2036. Medium term support remains at the 1973 and 1956 pivots, with resistance at the 2019 and 2070 pivots.
chart: http://caldaro.files.wordpress.com/2014/08/spxweekly3.png?w=960&h=728
NDX looks ripe, resistance: 4055 (approx.)
imho -
for short term low target: 4000.87 +/-
resistance: 4055 (approx.)
open gaps (support zone)
(1) 3997.08-4000.46
(2) 3916.73-3921.44
prior high
3997.50 (07/24)
50SMA as of 08/21
3900.06 ascending
08/21/14 SPX
intraday high 1991.59 (08/21/14, 10am EDT)
08/17/14
(1) resistance: 1970.95-1972.89 (0.764-0.786, 1991.39-1904.78)
will see new high on breaking up this resistance. ( transpired )
08/16/14 SPX
In last week, SPX poked into support zone 1912.35-1881.99 (posted on 08/03) and marked an intraday low 1904.78 on 08/07.
Perceptions:
(1) resistance: 1970.95-1972.89 (0.764-0.786, 1991.39-1904.78), will see new high on breaking up this resistance.
(2) support: 1919.37-1910.52, 1886.28-1877.43 (0.618,1.000, 1991.39-1904.78, 1972.89, 1964.04)
(3) bearish gauge for near term: 1949.61
The wave count is for pictorial view. Those sub-counts has been eliminated intentionally. In this way, you will not be haunted by the wave quagmire. In essence, chart says the status for wave 3 (with a circle) is pending.
08/16/14 Revisit the Watch list
swap out/swap in.
i have GTC sell limit orders for core positions. also looking for good targets, for examples: GSK TOT ESV ... etc, no Buy actions yet.
for your reference, i reinstated the watch list in "My stocks".
Do Your own DD.
(Those stocks i mentioned here such as:) GLNG CHL LYB keep making new highs (52-weeks and/or ATH), in particular, GLNG has gained +57% since i posed the info on 03/18/14 01:53:38 PM.
Stocks Hit An Air Pocket After Ukraine Headlines
Read more: http://www.businessinsider.com/market-update-august-15-2014-8#ixzz3ATVh3z1d
>> Is possible spx stalls between 1963-1970
Thx
1970 in line with quite a few technicians'
so let us give a few more points for leeway.
I guess once Bull pushes over 1970 decisively, it will override the following bearish call.
numbers in italic fonts are my best match-up (www.wavetrack.com has an unique way to calculate).
A very informative chart can be found in the second quote (can not be hot linked)
10 August 2014 (released every Sunday)
http://www.wavetrack.com
The S&P is heading for completion towards the fib. 76.4% retracement level that approaches 1970.00+/-.
( 1970.95 = [0.764:1991.39:1904.78] )
An attempt is scheduled by this coming Friday or perhaps extending into next Monday but once completed, the larger downtrend established basis the preceding five wave decline that began from the July high of 1991.39 is set to resume.
Looking ahead, last month’s high depicts the beginning of a multi-month counter-trend decline as intermediate wave (4) with ultimate downside targets into the Oct./Nov. time-frame towards a fib. 38.2% retracement level at 1675.35+/-.
1673.29 = [ 0.382: 1158.66 (11/25/2011) : 1991.39 (07/24/14) ]
STOCK MARKETS BEGIN MULTI-MONTH DECLINE
by m.tamosauskas| August 5, 2014
http://blog.wavetrack.com/stock-markets-begin-multi-month-decline/#utm_source=rss&utm_medium=rss&utm_campaign=stock-markets-begin-multi-month-decline
(Use the link to see the copyright charts)
the recent high recorded the S&P 500 at 1991.39 on July 24, and this formed a ‘triple-convergence’ matrix of Fibonacci-Price-Ratios (FPRs) measuring the impulse upswing from the June ’13 low
Last week’s sell-off that has now traded down to 1925.00 is only the beginning of a sustained multi-month corrective decline as intermediate wave (4).
08/14/14 Geo-Economic - The great transition (3)
Fed is taking the advantage of Dollar's Hegemony so that they can print out of thin air. How long can they do this?
Dollar Degradation Accelerating;
Eric Hadik August 13, 2014
An (highly condensed) excerpt:
(An) uncanny and irrefutable cycle was forecast to usher in a global shift away from the US Dollar as its reserve currency ..... The next 2--3 years are expected to see a rapidly accelerating pace of changes, drawing in a majority of the world’s nations - against the US Dollar.
[Contact us to view the entire 14-Page Document on Dollar Revolution]
http://www.insiidetrack.com/contact.htm
http://www.insiidetrack.com/
SPX 08/14/14 SPX
Back to neutral, immediate resistance 1954.26 (0.618)
archive:
------------------------------
bearish gauges:
dips below 1949.61 enter near term bearish zone
dips below 1852.24 enter middle term bearish zone
08/03/14
support 1912.35-1881.99 (zone 3)
resistance 1931.57-1949.61
-------------------------------
>> Japan's Q2 GDP
Japan GDP growth collapses amid sales tax shock
By Charles Riley @CRrileyCNN August 13, 2014: 9:41 PM ET
http://money.cnn.com/2014/08/12/news/economy/japan-gdp/index.html
Japan's economy suffered its worst contraction since 2011 in the second quarter as consumer spending on big items slumped in the wake of a sales tax rise.
Gross domestic product shrank by an annualized 6.8% in the three months ended June, Japan's Cabinet Office said Wednesday. The result was actually better than the 7% contraction expected by economists.
Abenomics Hits The Skids: One Crucial Chart Debunks The Hype
by Wolf Richter • August 14, 2014
http://davidstockmanscontracorner.com/abenomics-hits-the-skids-one-crucial-chart-debunks-the-hype/
The trade deficit had nothing to do with the consumption tax hike. Rather it is an ongoing, relentlessly deteriorating debacle. Rising exports and trade surpluses have always been vital to Japan. And reconstituting them is a cornerstone of Abenomics. But that plan has totally gone to heck.
08/12/14 SPX
synopsis
hit 1944.90 vs. 1944.82/0.500 (1984.85-1904.78) & reversed
bearish gauges:
dips below 1949.61 enter near term bearish zone
dips below 1852.24 enter middle term bearish zone
(1) Magnitude
08/03/14
support 1912.35-1881.99 (zone 3)
resistance 1931.57-1949.61
(2) Time window
08/05/14
A local Low in between 08/01-08/12 (transpired 08/07)
08/01/14
08/22 +/- & 09/15 +/-
An old chart but I removed the wave counts partially so that it will not 'disturb' your perception.
20SMA crosses below 50SMA
>>(jumanji0881) Made in America
"in far structured": too "complicated" to "re-structure"
$11 Billion Later, High-Speed Rail Is Inching Along
By RON NIXONAUG. 6, 2014
http://www.nytimes.com/2014/08/07/us/delays-persist-for-us-high-speed-rail.html?_r=0
WASHINGTON — High-speed rail was supposed to be President Obama’s signature transportation project, but despite the administration spending nearly $11 billion since 2009 to develop faster passenger trains, the projects have gone mostly nowhere and the United States still lags far behind Europe and China.
On the crowded New York to Washington corridor, the Acela averages only 80 m.p.h., and a plan to bring it up to the speed of Japanese bullet-trains, which can top 220 m.p.h., will take $150 billion and 26 years, if it ever happens.
schooled: A Test in School Reform in Newark
MAY 19, 2014 ISSUE
http://www.newyorker.com/magazine/2014/05/19/schooled
an excerpt:
The Newark schools had been run by the state since 1995, when a judge ended local control, citing corruption and neglect. A state investigation had concluded, “Evidence shows that the longer children remain in the Newark public schools, the less likely they are to succeed academically.
Booker had been a champion of vouchers and charter schools for Newark since he was elected to the city council, in 1998, and now he wanted to overhaul the school district. He would need Christie’s help.
So began one of the nation’s most audacious exercises in education reform. The goal was not just to fix the Newark schools but to create a national model for how to turn around an entire school district.
...... President Obama and Secretary of Education Arne Duncan created Race to the Top, a $4.3-billion initiative to induce states to approve more charter schools and to rate teachers based on student performance.
Mark Zuckerberg, the twenty-six-year-old (as of 2010) head of Facebook, agreed, and he pledged a hundred million dollars.
Almost four years later, Newark has fifty new principals, four new public high schools, a new teachers’ contract that ties pay to performance, and an agreement by most charter schools to serve their share of the neediest students. But residents only recently learned that the overhaul would require thousands of students to move to other schools, and a thousand teachers and more than eight hundred support staff to be laid off within three years. In mid-April, seventy-seven members of the clergy signed a letter to Christie requesting a moratorium on the plan, citing “venomous” public anger and “the moral imperative” that people have power over their own destiny.
(Mark Zuckerberg's fund depleted)
(since 1998) ” Fifteen years later, the state had its own record of mismanagement, and student achievement had barely budged.”
08/09/14 SPX
strategy:
closing long-held core positions via GTC Sell Limit orders, with proceeds to accumulate new targets.
synopsis:
The target zone 1912.35-1881.99 has been met.
SPX retraced near 1902.88/0.500 (1991.39-1814.36), marked an intraday low 1904.78 on 08/07.
We need SPX to close below 1909.37 to see better odds on accessing the lower band of 1912.35-1881.99. It did not, on 08/07, S&P closed at 1,909.57, 0.20 point higher than 1909.37; On the next session (08/08), SPX closed at 1831.59, 0.02 points off 1831.57/0.236 (1991.39-1737.92).
bearish gauges:
dips below 1949.61 enter near term bearish zone
dips below 1852.24 enter middle term bearish zone
near support zones:
(1st) 1934.10-1923.76
(2nd) 1919.79-1912.35
(3rd) 1912.35-1881.99 ( 1909.37 1902.88 1894.56 1888.86 )
E-wave
(1) Wave iii is complete.
(2) Dips below 1852.24, then wave (5) is complete.
Wave counts for pictorial illustration only, avoid trapping into wave quagmire (being "hanuted")
wave chart: http://forexrainbow.com/images/12511927512222468089.jpg
08/07/14 SPX DJI
SPX
accessing 3rd support zone, intraday day low 1907.56, in progress
support zones:
(1st) 1934.10-1923.76,
(2nd) 1919.79-1912.35
(3rd) 1912.35-1881.99 ( 1909.37 1902.88 1894.56 1888.86 )
prognosis
wave iii is complete.
08/05
support 1912.35-1881.99, time window till 08/12
close below 1909.37, focus on the frame 1991.39-1737.92 chart
08/01
Since the index poked into the 2nd support zone 1919.79-1912.35, there is a possibility it switches into the larger frame 1991.39-1737.92.
support 1934.10-1923.76, 1919.79-1912.35
07/29/14
Wave iii range: 1986.52-1994.08-2004.44-2012.25. Dips below 1949.61 may confirm its termination
Dips below 1852.24, then wave (5) is complete.
http://forexrainbow.com/images/12511927512222468089.jpg
07/21/14
0.236 16724.19 17151.56-15340.69
0.382 16459.81
0.500 16246.13
0.618 16032.44
WaveTrack International | NEWS ALERT!
to be in "fair of use", I also quote their ads.
WaveTrack International | NEWS ALERT!
August 5, 2014
Full text & charts
An excerpt:
Stock Markets begin multi-month decline | FPR’s
Dear Elliott Wave Enthusiasts!
Stock markets have finally staged a reversal [sell] signature late last week to confirm the S&P 500’s upside completion of intermediate wave (3) that began from the June ‘12 lows.
the recent high recorded the S&P 500 at 1991.39 on July 24, and this formed a ‘triple-convergence’ matrix of Fibonacci-Price-Ratios (FPRs) measuring the impulse upswing from the June ’13 low –
see chart:
https://gallery.mailchimp.com/96dc67e6b37e5b2ba48653421/images/5b959f7f-749c-4216-96ed-6a4c8b207816.gif
Last week’s sell-off that has now traded down to 1925.00 is only the beginning of a sustained multi-month corrective decline as intermediate wave (4).
A period of regression has begun but the application of FPR’s within the Elliott Wave structure of the entire advance from the Oct.’11 low suggests this is simply another corrective decline that will later be followed by higher highs.
we published the medium and long-term wave counts for Global Stock Markets, Currencies, Interest Rates & Commodities in our latest video series – view PART I & PART II absolutely FREE when you subscribe to the EW-Compass report.
Very best wishes,
Peter Goodburn
Senior Elliott Wave Analyst
02/08/14 a pictorial picture
link
IMHO, the Long term weekly chart in overall, it is still very bullish.
As long as bull can hold the critical support zone 1450-1620 +/- . the bull market (since 2009) is firmly intact.
08/05/14 SPX
SPX bounced from 1916.37 & met resistance 1942.53 (0.382)
The set up give E-waves many “alternative” routes until verdicts from market.
support 1912.35-1881.99
resistance 1931.57-1949.61
Near term
A local Low in between 08/01-08/12, that means to test 1916.37 or to see a new local low in between 1881.99-1912.35
middle term
a cycle high in early Nov. is possible (to be revised upon developing status)
Bil-Gross Just Saw His 15th-Straight Month Of Outflows
Read more: http://www.businessinsider.com/bill-gross-just-saw-his-15th-straight-month-of-outflows-2014-8#ixzz39RrPL3cj
comments:
However, TBT TBF moves up very little. still traps in the quagmire.
08/04/14 Review "Calculate the Pullback target"
1991.39 * 0.96191 = 1915.54 (actual 1916.37 on 08/01)
This method says 1916.37 is a meaningful point but does not imply thus "the Low" we are hunting for. it could be one of the Low(s) down the road.
Other than Fibonacci ratios, the stock market Low follow a natural law occasionally.
italic fonts - Edit for clarity
06/22/14 Calculate the Pullback target
The pullback can be estimated by:
deflator coefficients * wave terminal point
where the deflator coefficients are:
0.79012, 0.8100, 0.89198, 0.92456, 0.96191, (partial list)
(to be elaborated)
08/03/14 SPX
SPX poked in the 2nd support zone 1919.79-1912.35 & marked an intraday low 1916.37 on 08/01, The lowest tentative target for wave iv (1912.35) has not been met decisively.
support 1912.35-1881.99
resistance 1931.57-1949.61
wait for new trajectory for further speculation
FWIW: Investing Like A Billionaire With The iBillionaire ETF
FWIW
Investing Like A Billionaire With The iBillionaire ETF
Charles Sizemore , Contributor 8/02/2014 @ 10:46AM
Investing like a billionaire just got a whole lot easier. On August 1, the Direxion iBillionaire Index ETF (IBLN) will begin trading.
The ETF — based on iBillionaire’s proprietary index — will run a portfolio of 30 of the large-cap S&P 500 stocks most favored by billionaire investors based on their most recent 13F filings with the SEC.
http://www.forbes.com/sites/moneybuilder/2014/08/02/investing-like-a-billionaire-with-the-ibillionaire-etf/
>> Full moon often marks lows
ahimsak
Tks,
One of my core position JNJ GTC Sell limit order activated on 08/01, & sold MCHP on 07/25. The rest of my GTC sell order remains pending.
I am not a quick trader, but, this is a time period to look overall status seriously, I may use the "fund" freed from JNJ/MCHP to buy some falling angles, such as GSK.
A Guide to the Donald-Bradley Siderograph Indicator's Turn-Dates
07/08/14
The 20/21 calendar week cycle (105-108 TDs (Trading Days). +/-, 100 * PI/3 = 104.67) seems recurring again, to be confirmed, Sometimes this particular cycle overlaps with Bradley Siderograph coincidentally, this is the case right now.
chart: http://forexrainbow.com/images/08863970935826188248.jpg
A Guide to the Donald Bradley Siderograph Indicator's Turn Dates
main entrance: http://bradleysiderograph.com/
Donald Bradley Siderograph Model – 2014 Turn Dates
http://bradleysiderograph.com/donald-bradley-siderograph-2014/
Standard Version
chart:
http://bradleysiderograph.com/wp-content/uploads/2014/06/Donald-Bradley-Siderograph-2014-Turn-Dates.png
Deconstructed Version
chart:
http://bradleysiderograph.com/wp-content/uploads/2014/07/Donald-Bradley-Siderograph-2014-Deconstructed.png
Bradley Siderograph Turn Dates Software Model in Excel
http://bradleysiderograph.com/bradley-siderograph-turn-dates-software-model-in-excel/
Donald Bradley Siderograph Formula
http://bradleysiderograph.com/formula/
Donald Bradley Siderograph 2015 Through 2020
http://bradleysiderograph.com/donald-bradley-siderograph-2015/
(rab120) $SPX Hurst Coming 40 Week Low
Link creditor rab120
$SPX Hurst Coming 40 Week Low
July 30, 2014 by SilentOne.
http://hurstcycles.com/spx-hurst-coming-40-week-low/#sthash.ePLqgaC8.eeZ5QLNt.dpbs
The coming 40 week low should finish by mid-September and the decline into this low can start any time, with an actual low arriving from mid-August to mid-September.
Raj Times and Cycles
Ian Thijm Friday, August 1, 2014
The Flash Crash Cycle is due in August 2014
http://timeandcycles.blogspot.com/
08/01/14 At pivotal points, (2)
The pivot is (1934+1912)/2 = 1923 (0.382)
Since the index poked into the 2nd support zone 1919.79-1912.35, there is a possibility it switches into the larger frame 1991.39-1737.92. So far, index has been rejected by the resistance 1931.57 (gauge for short term bounce).
08/01/14 At pivotal points 11:27:26 AM
DJI
support 16450-16460
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104496327
SPX
support 1934.10-1923.76, 1919.79-1912.35
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104774927
Investor Hub script
This site try to load too many "bad boys", sometimes it slows down the loading, very annoying.
for example:
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08/01/14 At pivotal points
Red color: current status - in progress
07/31
DJI
07/31 intraday low 16714.93, in progress, nearby FIB point 16717.52 (0.382)
bear early gauge 16805-16810, support 16450-16460 (16484.70)
chart http://forexrainbow.com/images/93055898386046847582.jpg
SPX
07/31 intraday low 1947.96, in progress, nearby FIB point 1949.61 (0.236)
bear early gauge 1949.61, support 1934.10-1923.76, (1923.27) 1919.79-1912.35
07/31/14 DJI SPX Gold GDX
DJI
07/31 intraday low 16714.93, in progress, nearby FIB point 16717.52 (0.382)
bear early gauge 16805-16810, support 16450-16460
chart http://forexrainbow.com/images/93055898386046847582.jpg
SPX
07/31 intraday low 1947.96, in progress, nearby FIB point 1949.61 (0.236)
bear early gauge 1949.61, support 1934.10-1923.76, 1919.79-1912.35
Gold
down trend, breakout zone 1326-1329
chart http://forexrainbow.com/images/79054466942015757731.jpg
GDX
down trend, a minimum bounce requirement is 0.236/28.50
chart http://forexrainbow.com/images/44460034812378509181.jpg
FOMC release
http://www.federalreserve.gov/newsevents/press/monetary/20140730a.htm
Release Date: July 30, 2014
For immediate release
Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Labor market conditions improved, with the unemployment rate declining further. However, a range of labor market indicators suggests that there remains significant underutilization of labor resources. Household spending appears to be rising moderately and business fixed investment is advancing, while the recovery in the housing sector remains slow. Fiscal policy is restraining economic growth, although the extent of restraint is diminishing. Inflation has moved somewhat closer to the Committee's longer-run objective. Longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators and inflation moving toward levels the Committee judges consistent with its dual mandate. The Committee sees the risks to the outlook for economic activity and the labor market as nearly balanced and judges that the likelihood of inflation running persistently below 2 percent has diminished somewhat.
The Committee currently judges that there is sufficient underlying strength in the broader economy to support ongoing improvement in labor market conditions. In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions since the inception of the current asset purchase program, the Committee decided to make a further measured reduction in the pace of its asset purchases. Beginning in August, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $10 billion per month rather than $15 billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $15 billion per month rather than $20 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. The Committee's sizable and still-increasing holdings of longer-term securities should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative, which in turn should promote a stronger economic recovery and help to ensure that inflation, over time, is at the rate most consistent with the Committee's dual mandate.
The Committee will closely monitor incoming information on economic and financial developments in coming months and will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until the outlook for the labor market has improved substantially in a context of price stability. If incoming information broadly supports the Committee's expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings. However, asset purchases are not on a preset course, and the Committee's decisions about their pace will remain contingent on the Committee's outlook for the labor market and inflation as well as its assessment of the likely efficacy and costs of such purchases.
To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative stance of monetary policy remains appropriate. In determining how long to maintain the current 0 to 1/4 percent target range for the federal funds rate, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. The Committee continues to anticipate, based on its assessment of these factors, that it likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after the asset purchase program ends, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored.
When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Stanley Fischer; Richard W. Fisher; Narayana Kocherlakota; Loretta J. Mester; Jerome H. Powell; and Daniel K. Tarullo. Voting against was Charles I. Plosser who objected to the guidance indicating that it likely will be appropriate to maintain the current target range for the federal funds rate for "a considerable time after the asset purchase program ends," because such language is time dependent and does not reflect the considerable economic progress that has been made toward the Committee's goals.
Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities (PDF)
2014 Monetary Policy Releases