JCPenney (JCP,$JCP) Short Pick Earns 13% for ValuEngine Forecast 16 Newsletter
The S&P 500 Failed at 1363.2 on Tuesday Flashing a Warning
The Dow, S&P 500 & NASDAQ held their 50-day Moving Averages
All Major Equity Averages breakout above 50-day Moving Averages
A False Breakout On Overnight Strength On Spain Bailout
The S&P 500 held my weekly value level at 1306.8 on Tuesday.
Weekly closes vs five-week MMAs key market direction.
The Dow is back above 12,312 but will in be there at Friday’s close?
Reversal-oriented trading influenced by my weekly pivots should continue.
The Dow gaps below my annual pivot at 12,312 on the first day of June.
The Dow holds my annual pivot at 12,312 as May comes to a close.
The Yield on the 10-Year US Treasury sets a record low at 1.610 percent.
Tuesday’s rally was shy of my quarterly risky levels.
Holding weekly pivots indicates strength into Friday’s employment data.
The Dow Industrial Average tested my annual value level at 12,312.
The NASDAQ failed at my weekly risky level at 2866 on Tuesday.
The major equity averages straddle 200-day moving averages.
VE_Weekly_120518
Stocks Cascade Lower – Gold Rebounds above my Annual Pivot.
Oversold conditions on daily charts for all US Capital Markets