The Shanghai Composite looks ready to resume the move higher out of consolidation and Emerging Markets are biased to the upside short
term in their downtrend.
Not exact matches
Meanwhile, benchmark 10 - year note yields have broken above a long -
term downtrend in effect since the 1980s, which some technical strategists see as a bearish indicator going forward.
If you're new to technical analysis, the title of this sub-heading may sound like an Italian rock band, but both
terms are actually technical indicators I more frequently use
in bearish or
downtrending markets.
While this week's price action was certainly a step
in the right direction (so far), both the NASDAQ and Russell 2000 are now
in «no man's land» because the indexes are back above resistance of their 20 and 50 - day averages, yet still must contend with resistance of their prior highs and short -
term downtrend lines that have formed.
However, the market has it valued much more like Deckers (DECK), which saw a 17 % decline
in revenue over the past twelve months and has a long -
term downtrend in ROIC.
The weekly chart below shows the long -
term uptrend
in TMF, while the daily chart that follows shows the potential breakout above the intermediate -
term downtrend line.
The Direxion 30 - year Treasury Bull 3X ETF ($ TMF), an index that tracks the performance of long -
term US government T - bonds, has been
in a long -
term uptrend since February of 2011, but has been
in an intermediate -
term downtrend (correction) off its highs since July of 2012.
If $ SMH can set a higher swing low and close above Monday's high on a pick up
in volume, then it may attract enough buying interest to break the short -
term downtrend line and test the highs of the base:
After being
in downtrend from April 2011 until September 2012, KOL is now setting up as a short -
term, momentum - based bullish trend reversal play.
Now, it appears as though TMF is setting up to break out above resistance of its 3 - month
downtrend line and resume the long -
term uptrend that has been
in place for nearly 2 years.
As a follow - up to that analysis, the longer -
term weekly chart below shows the breakout above a year - long
downtrend line, along with a coinciding pickup
in volume:
Selling Pressure not only dropped [last week], but reaffirmed its long -
term downtrend by recording its lowest reading since the start of the bull market
in 2009.
Although $ GLD is still
in a
downtrend, there are now 2 main technical signals and 1 other point that give me strong reason to believe gold is poised for a substantial, intermediate to long -
term rally and / or bullish trend reversal...
The strong rally
in Ethereum Classic is the move of the day so far, but all of the majors show signs of healing, although most if the coins remain
in short -
term downtrends.
While the short -
term downtrend remains intact
in the currency, a move above $ 2500 would trigger a new long -
term buy signal.
One major question on Wall Street is if the long -
term downtrend in rates has now reversed, how will the government pay for all of this new debt on top of the old debt?
Ethereum Classic continues to be the weakest major short -
term, trading
in a steep
downtrend after falling below the long -
term base formation near $ 13.50 The coin might remain stuck
in the long -
term downtrend so traders and investors should wait for some strength before entering new positions, despite the attractive price levels.
It will become positive
in the short -
term after it breaks out of the
downtrend line.
TAC as a percent of revenue has experienced a momentary spike
in prior years and then continued its long -
term downtrend.
The XEM / USD pair will become positive
in the short -
term once it sustains above the
downtrend line.
Monero has been relatively weak today, getting close to its correction lows, as it is
in a corrective short -
term downtrend.
The coin is still trading
in a corrective
downtrend after the sideways drift today, and the short -
term buy signal remains intact.
Despite the rally, the charts still suggest that there are more troubles ahead for bulls, with the short -
term downtrend clearly being intact
in the major indices.
Given the immediately negative reaction to earnings of Apple ($ AAPL), which was trading 6 % lower
in yesterday's after hours trading, leading stocks, ETFs, and the main stock market indexes could now be on the verge of finally moving out of the choppy, erratic range of the past several weeks, albeit entering into a new intermediate -
term downtrend.
As you can see
in the chart below it is above both the long -
term downtrend line and the 200 - day moving average (brown line).
Our signal to list $ PLNT as a potential setup
in our stock trading newsletter came on November 7, as the price rallied above the short -
term downtrend line (upper channel of the handle).
In early February, the iShares MSCI Emerging Market Index ETF (EEM) rallied above resistance of its long
term downtrend line and 200 - day MA.
In this video, Wagner discusses the «trend reversal» entry, which is used to buy a stock or ETF that is reversing out of an intermediate to long -
term downtrend after the broad market has done the same.
Therefore, if $ EEM can rally above the short -
term downtrend line annotated on the chart above, and subsequently put
in a «higher low,» we might be able to grab a low - risk buy entry point as early as next week.
I still think prices will crack the 3 % level
in the weeks ahead so stay short & continue to place the proper stop loss as I still believe the risk / reward are
in your favor as the longer -
term downtrend line remains intact.
Although $ GLD is still
in a
downtrend (until it convincingly breaks out above the $ 128 to $ 130 level), there are now 3 great reasons to buy gold
in anticipation of a substantial, intermediate to long -
term rally and / or bullish trend reversal.
The correction that started on Monday accelerated
in the last couple of days, and a bottom could already be
in after today's overnight rout, given the panicky market action, although a re-test or another leg lower is still
in the cards, as the short -
term downtrends are intact
in the majors.
Ethereum is also still
in a clear short -
term downtrend following the failure to break - out from the broader bearish trend.
We are
in a long
term downtrend and we may end up down over 20 % from the top
in coming weeks.
The 5 day EMA has been the end of day resistance for all of 2016 as $ SPY has been
in a strong short
term downtrend.
If price can hold under 0.7470
in the near -
term, we could see the recent
downtrend continue early this week.
We are looking for higher highs and higher lows
in an uptrend and lower highs and lower lows
in a
downtrend, also, I teach how to use the daily 8 and 21 EMAs to identify near -
term market momentum.
Yet is it really the case that the long -
term downtrend in overseas equities has been stopped
in its tracks?
Watch long
term moving averages closely to be ready to buy a reversal
in the
downtrend.
2/13/15 Continued Upward Price Action 2/6/15 Continued Consolidation
in the Uptrend 1/30/15 Consolidation with a Chance of Pullback
in the Uptrend 1/23/15 Consolidation
in the Uptrend 1/16/15 Consolidation
in the Uptrend with a Risk of Pullback 1/9/15 Broad Consolidation
in the Uptrend 1/2/15 Possible Pullback
in the Uptrend 12/26/14 Continued Upward Price Action with Possible Consolidation 12/19/14 Continued Uptrend 12/12/14 Continued Downward Price Action
in the Broad Uptrend 12/5/14 Uptrend Continues 11/28/14 Short
Term Consolidation or Retracement Possible
in the Uptrend 11/21/14 Possible Short
Term Pullback
in the Uptrend 11/14/14 Continued Upward Price Action 11/7/14 Continued Uptrend 10/31/14 Continued Upward Price Action 10/24/14 Short
Term Upside Continues
in Long
Term Uptrend 10/17/14 Possible Reversal of the Short
Term Downtrend 10/10/14 Long
Term Uptrend
in Jeopardy, Downside Bias 10/3/14 Cautious Short
Term Reversal Higher
in Long
Term Uptrend 9/25/14 Pullback Continues
in Uptrend 9/18/14 Consolidation with an Upward Bias,
in the Uptrend 9/12/14 Consolidation with a Chance of Pullback
in the Uptrend 9/5/14 Consolidation Short
Term with an Upward Bias 8/29/14 Uptrend Continues with Possible Consolidation 8/22/14 Possible Consolidation
in the Uptrend
2/5/16 Consolidation
in the Short
Term Downtrend 1/29/16 Short
Term Reversal Higher 1/22/16 Bounce
in the
Downtrend 1/15/16 Continued
Downtrend 1/8/16 Continued
Downtrend 12/31/15 Short
Term Downward Bias
in the Long
Term Consolidation 12/24/15 Short
Term Upward Bias
in the Intermediate Downward Move 12/18/15 Continued Move Lower 12/11/15 Short
Term Downward Bias
in Consolidation 12/4/15 Consolidation
in the Long
Term Uptrend 11/27/15 Consolidation
in Short
Term Uptrend 11/20/15 Continued Short
Term Uptrend 11/13/15 More Downside Short
Term 11/6/15 Continued Uptrend 10/30/15 Possible Pullback or Consolidation
in the Uptrend 10/23/15 Uptrend Continues 10/16/15 Continued Short
Term Uptrend 10/9/15 Continued Upward Price Action 10/2/15 Short
Term Strength
in Consolidation of the Down Move 9/25/15 Short
Term and Intermediate
Term Downward Bias 9/18/15 Consolidation of the August Plunge with a Downward Bias 9/11/15 Continued Tightening Consolidation with a Short
Term Upward Bias 9/4/15 Consolidation
in the Pullback, Watching for Direction of Break 8/28/15 Short
Term Bounce Continues Watching for Reversal if no Follow Through 8/21/15 Continued Downside with Possible Oversold Bounce
5/18/18 Consolidation 5/11/18 Nascent Short
Term Uptrend
in Consolidation 5/4/18 Continued Consolidation 4/27/18 Tightening Consolidation 4/20/18 Consolidation 4/13/18 Consolidation with an Upward Bias 4/6/18 Consolidation Continues 3/29/18 Consolidation 3/23/18 Short
Term Downtrend 3/16/18 Broad Consolidation
in Uptrend 3/9/18 Continued Uptrend 3/2/18 Possible Pause
in Short
Term Downtrend 2/23/18 Short
Term Uptrend
While the technical indicators will show you exit signs on short
term downtrends, however you can remain invested
in that stock if the company is fundamentally strong.
8/9/13 Consolidation
in the Uptrend 8/3/13 Upward Bias 7/27/13 Consolidation
in the Uptrend with a Chance of a Pullback 7/19/13 Continued Upward Price Movement with Caution 7/12/13 Continued Upside With a Possibility of Consolidation 7/5/13 Upward Price Action
in the Intermediate
Downtrend in the Long
Term Uptrend 6/29/13 Continued Rise
in the Pullback
in the Uptrend 6/22/13 Continued Pullback
in the Uptrend 6/15/13 Consolidation with a Downside Bias
in the Uptrend 6/8/13 Continued Uptrend 6/1/13 Continued Downside
in the Uptrend 5/24/13 Short
Term Consolidation or Pullback
in the Uptrend 5/18/13 Continued Upside, But with Caution
in the Short
Term 5/11/13 Continued Uptrend 5/4/13 Continued Uptrend 4/27/13 Short
Term Bias For a Pullback
in Consolidation Channel Within the Uptrend 4/20/13 Uptrend With Consolidation or Pullback Possible 4/13/13 Continued Upside Bias 4/6/13 Continued Broad Consolidation with a Chance of a Pullback 3/29/13 Continued Upward Price Trend 3/23/13 Consolidation with and Upward bias
in the Uptrend 3/16/13 Continued Upside with a Chance of a Short
Term Pullback 3/9/13 Continued Uptrend with Some Caution 3/2/13 Upside Bias with Caution 2/23/13 Short
Term Potential Pullback Within Longer
Term Uptrend 2/16/13 Continued Upside
First, each of these funds is deemed to be
in a
downtrend based on the fact that its 50 - day moving average is below its 200 - day moving average, which are popular indicators for gauging medium -
term and long -
term trends, respectively.
We remain bearish biased on this market and will continue watching for price action sell signals from resistance to rejoin the
downtrend as we can see the longer -
term downtrend is still clearly
in effect and key support isn't seen until down near 1.2040 area.
The Nymex crude oil futures market is
in a six - week - old
downtrend on the daily bar chart and the bears have the overall near -
term technical advantage.
Here's an example of a false - break
in the EURUSD daily chart that led to a top
in the market and started a long -
term downtrend:
X-to-A ideally moves
in the direction of the overall trend,
in which case the move from A-to-D reflects a short -
term correction of established
downtrend.
A market
in a long -
term downtrend, with continuously falling prices, is called a bear market.