shjackcharts

Support Test and Inflection Point

[vc_row][vc_column][vc_column_text]The research I am doing on the 45dma over the last 25 years is a bigger job than I expected so I should have the post out on that next week. In the short term though, equity indices have been looking pretty interesting and and are at a significant short term inflection point here. The...

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A Strong Start to 2021

[vc_row][vc_column][vc_column_text]My daughter went back to university on Saturday and that was the end of the holidays for me. They were the most relaxing for me in years which was nice, but all good things come to an end. The UK is back on full lockdown until at least March due to the new COVID variant...

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A Most Interesting Year

[vc_row][vc_column][vc_column_text]Tomorrow is the last trading day of 2020 and with new Year's Day on Friday we get another long weekend into the start of 2021 next week. This has been a really interesting year, though a very hard one for many, and will leave a legacy for economies and markets that will likely ripple through...

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Tis The Season

It has been a grim year and I, and many others, will be very glad to leave it behind, but even with maximum lockdown spreading rapidly across the UK with the new virus mutation, I have a great holiday weekend planned with roaring fires, presents, great food, homemade pancakes, (probably too much) chocolate, board games...

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Annus Horribilis

Occasionally there is a year so awful that nothing seems to go right. The title phrase was first used in a Church of England publication in 1870, the year that papal infallibility was declared, Prussia invaded France, Italy annexed Rome, Lenin was born and the US weather service made their first official forecast. 2020 is...

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Topping Trendlines

I was saying in my last post on Monday that a retest of the high looked likely and we saw new all time highs on both SPX and NDX as expected. So what now? Well the best pattern on the board on Monday was the rising wedge on the Dow, and that is still looking...

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Thanksgiving Thoughts – Shorter Term

November is about to end and SPX is likely at the time of writing to do something not previously done in the last twenty five years, which is to close a long way above the monthly upper band, currently 3566 area, only three months above the last strong punch close above in August. What does...

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Thanksgiving Thoughts – Longer Term

I was going to do a longer post today but I've decided to split the post in two, covering the longer term in this post and looking shorter term in a follow up post to be published tomorrow. In my last post I was looking, among other things, at the SPX monthly chart and noting...

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So Here We Are

Firstly my apologies for the wait since my last post. I'm currently getting divorced, which isn't much fun, and the presidential election was so polarising in the US that I was getting the impression that if I mentioned that the weather was getting chillier as the season changed, then some would feel that was a...

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Onward and Upward

Last week I was looking at the IHS patterns that had broken up on SPX and NDX with targets at retests of their respective all time highs. We've seen some retracement this week but overall nothing has changed and I am still looking for the same targets, though the retracement has given more form to...

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