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Commodities and Futures Analysis by Chuck Kowalski
Posted on June 3, 2010 by Chuck KowalskiNo Comments
The Dollar Index has consolidated in a triangle formation and that normally leads to a significant breakout. Things have been quieter with the European financial crisis, but the charts say we could expect some more fireworks soon.
You can see that the dollar index has been consolidating at the mid-87 level. The lows have been getting Read More…
Filed Under: E-mini Stock Futures
Posted on May 21, 2010 by Chuck KowalskiNo Comments
It was no surprise on Thursday that the market would retest the flash crash lows, but the question is whether it would pass or fail. Thus far, it has passed.
The market basically opened below the flash crash lows and moved higher from there. This market loves to reverse at previous lows and Friday was no Read More…
Filed Under: E-mini Stock Futures
Posted on May 20, 2010 by Chuck KowalskiNo Comments
The market is really looking bad. Many are still in denial that the market can actually go down. It reminds me of when the Internet bubble popped. The bulls were so brainwashed that they couldn’t believe the market wouldn’t bounce back after relentless selling. The technical picture looks so bad that I have to believe Read More…
Filed Under: E-mini Stock Futures
Posted on May 18, 2010 by Chuck KowalskiNo Comments
You can get a good feel by how strong or weak a market is when you tradeoff the 5-minute charts or a similar timeframe. The first thing you want to recognize over a couple days is whether the buy signals or sell signals are working. Bull markets produce a lot of false sell signals and Read More…
Filed Under: E-mini Stock Futures
Posted on May 14, 2010 by Chuck KowalskiNo Comments
Mondays have been very good to the markets for quite some time. It seems like Mondays have been rescuing the markets from some ugly looking Fridays and they also resume the relentless uptrend with a big buy day. Well, this Friday looked ugly again and it looks as if the market could roll over and Read More…
Filed Under: E-mini Stock Futures
Posted on May 7, 2010 by Chuck KowalskiNo Comments
Volatility is wreaking havoc on the stock markets and the last two days has many traders wondering where this market is going. I normally trade from the 5-minute and 15-minute charts, but I look at the daily charts to give me a bigger picture outlook.
You can see the markets had an inside day on Friday, Read More…
Filed Under: E-mini Stock Futures
Posted on May 3, 2010 by Chuck KowalskiNo Comments
The market is finally seeing some volatility on both sides, but there is no clear direction. This can be very frustrating for those looking for a selloff in the market and those looking for a resumption of the uptrend. For those looking for an explanation of the recent yo-yo activity, look at the intraday charts Read More…
Filed Under: E-mini Stock Futures
Posted on April 27, 2010 by Chuck KowalskiNo Comments
I know I’m not the first to call a top in this market and this is not the first time I called a top in the stock market, but I am switching my focus to trading from the short side. I only have to look at a chart of this market to see that everything Read More…
Filed Under: E-mini Stock Futures
Posted on April 21, 2010 by Chuck KowalskiNo Comments
The Nasdaq futures made a run at the highs on Wednesday are were rejected. You can see from the chart that the Nasdaq Emini broke the previous highs by 1 tick and failed. There were some resistance levels there that held and this is a major change from the strong market we have seen in Read More…
Filed Under: E-mini Stock Futures
Posted on April 20, 2010 by Chuck KowalskiNo Comments
The Emini S&P looked like it was opening on the highs and might trend lower for the remainder of the day. The market was overbought coming into Tuesday from the afternoon rally on Monday. The bulls quickly took control and it looked like business as usual when the market bounced off the 20 EMA and Read More…
Filed Under: E-mini Stock Futures