Browse > Home / Economy, MarketMash, Markets, Stocks, Strategy / Indicators We Are Watching: This Week – Up to Start and Down to End

Indicators We Are Watching: This Week – Up to Start and Down to End

March 8, 2010 9:01 am

Many of the indicators we watch have been pointing toward a break higher for markets along with commodities. There have been a few that were stuck in neutral while others were flashing BUY.

One of our favorites have been the McClellan Oscillator along with the NYSE Advance/Decline oscillator, the latter we created. Both of these have moved up in a very sharp trajectory and that is usually sign of a market that is overheating.

It appears that the relief over the Greece debt crisis (that we believe will come back and haunt us in a few months) helped to push the Euro higher and that was a boon for commodities. Yet, the dollar is still close to its resistance points and a breakout is possible.

From a short term perspective, it appears that we will probably see another strong opening for the week and a good chance that profits will be pulled off by the mid to end of the week (approximately). There are just too many indications that the latest move is a gasp with little volume support. Watch closely for of the signs that sell-offs are accompanied with strong volume trends, a sign that institutions are unloading shares.

Note that this is a short term market projection and differs from our mid- and long-term outlook.

(Click on each chart to enlarge)

Be Sociable, Share!

Sorry, No Related Posts.

Disclosure: This material is provided for information only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. This material is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters, needs or financial situation, and therefore is not a sufficient basis alone on which to base an investment decision. Horowitz & Company clients may hold positions (long or short) in investments discussed.
Please click for detailed disclosures and additional information about our stock ratings and scoring.

Written by Andrew Horowitz · Category(s) Economy, MarketMash, Markets, Stocks, Strategy    |  Tags: • •   

3 Responses to “Indicators We Are Watching: This Week – Up to Start and Down to End”

  1. Indicators the Disciplined Investor is Watching Mar 8 on March 9th, 2010 7:22 am

    [...] week’s edition is entitled, “Up to Start and Down to End” and features has standard quick charts on volume, internals, and a few of the alternate [...]

  2. TDI Podcast 152: My Birthday Party – Join in For Profits… : The Disciplined Investor on March 15th, 2010 12:01 am

    [...] Indicators we are watching, Click HERE [...]

  3. The 15 Hottest Reads on TDI This Week : The Disciplined Investor on March 15th, 2010 11:11 am

    [...] 1. Indicators We Are Watching: This Week – Up to Start and Down to End [...]

Got something to say?