Stock Market Fear - One Last Shot For The Fed?
Stock-Markets / Stock Markets 2014 Jan 27, 2014 - 06:24 PM GMTFriday was a scary down day for many and Market fear was in the air.
But the Fed may still have one shot to hold the market from a bad day today. That hope comes from the support line on the New York Stock Exchange Index (NYA).
Take a look at today's chart and you will see that the red support line is very close now. Even if the Fed has a win today, they will face an earnings gauntlet this week because ... This will be a Big earnings week with Apple today, and Amazon and Google on Thursday ... these earnings will be released after the close of those respective days.
By Marty Chenard
http://www.stocktiming.com/
Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information
Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.
Marty Chenard Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.