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33 Resources for

jeff pierce and us market

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Potential Speed-Bumps on the Dow
Jeff Pierce submits: 4 negative aspects about the chart above click to enlarge: Nearing the top of the current uptrend.Volume fell on Thursday when the Dow made a new yearly high, and then we had a distribution day on Friday.Dow 10k acted as a magnet...
Tags: US Market, Jeff Pierce
External links 2009-10-19
Some Characteristics of Winning Stocks
Jeff Pierce submits: Palm PALM had everything going for it prior to yesterday’s breakout and while yesterday’s volume wasn’t by definition explosive, I’d say it was just the bare minimum required to assume higher prices are ahead as long as the entire market continues moving higher. Here's a review...
Tags: US Market, Jeff Pierce, Palm Inc.
External links 2009-04-17
Lower Energy Prices: Bullish or Bearish for the Overall Economy?
Jeff Pierce submits: I wanted to take a look at the Direxion Russell 1000 Energy Bullish 3X ETF ERX and speculate on the direction of this chart and the implications for the overall market. One could say lower energy prices would be bullish for the overall consumer...
Tags: US Market, Energy, Jeff Pierce
External links 2009-04-03
Short Term Strength vs. Long Term Weakness
Jeff Pierce submits: I wish I could had a better read on where the markets are heading today, but to be honest, it’s a coin flip. You’re basically pitting short term strength against long term weakness and right about now I can see a strong case for...
Tags: US Market, Jeff Pierce
External links 2009-03-31
Why I'm Not Ready to Join the Bull Camp
Jeff Pierce submits: A general rule when using the RSI is that values between 20-60 are associated with bear market fluctuations. While it’s easy to get drawn into these bullish rallies and it sure is nice to think that we’ve begun a new bull market the chances are really...
Tags: US Market, Jeff Pierce
External links 2009-03-26
Negative Divergence on the U.S. Dollar
Jeff Pierce submits: Look for the dollar to bounce here, but it should be nothing more than a dead cat bounce. After that it should easily break through its 200 MA, as the Fed continues to devalue the US dollar. I really question the Fed’s strategy here...
Tags: US Market, Jeff Pierce
External links 2009-03-23
Stick a Fork in the Current Bear Market Rally
Jeff Pierce submits: A while back I looked at the average bear market rally during the Great Depression to see what we can expect a normal bear market rally to look like percentage wise and came up with these numbers. Avg % decline = 40% Avg % rally =...
Tags: US Market, Jeff Pierce
External links 2009-02-17
Holding Rationale for the Dow
Jeff Pierce submits: Yesterday’s late day melt up doesn’t really change anything in the big picture. The market was due to bounce technically when you look at the Fibonacci retracement levels as we haven’t had much of a bounce at all since Monday’s top. by Jeff Pierce
Tags: US Market, Jeff Pierce
External links 2009-02-13
Bond Revival: One Good Day Isn't an All-Clear Signal
Jeff Pierce submits: With everybody selling stocks yesterday, there were a lot of investors stocking up on bonds as seen here in [[TLT]]. It looked like this issue was making a beeline for its 200 moving average, but only got as far as long term support (indicated by previous...
Tags: US Market, Jeff Pierce
External links 2009-02-11
No Rebound Until Financials, Consumer Staples, Transports Strengthen
Jeff Pierce submits: Sometimes it’s easy to get lost in the day to day gyrations and it’s difficult to simply formulate a game plan to get through the trading day. Something I noticed while going over my charts last night was the extreme weakness in the financials, consumer staples,...
Tags: US Market, Jeff Pierce
External links 2009-02-05
Potential High/Low Targets for the Dow
Jeff Pierce submits: Judging by the amount of shares that have changed hands by the price volume bars, we’re in limbo right now. If we can overcome the 8250 area with high volume then I think we have a shot at hitting 9k on the Dow, which would be...
Tags: US Market, Jeff Pierce
External links 2009-04-28
Dollar in Jeopardy?
Jeff Pierce submits: Back in January I talked about how the US Dollar was on the verge of collapsingand recent developments are reinforcing my view. After breaking down from a major head and shoulder pattern in 08′, this currency had quite a violent throwback, causing many bears to reverse...
Tags: US Market, Jeff Pierce
External links 2009-08-23
S&P 500 Target Reached
Jeff Pierce submits: Back in May I, along with many, felt that the SPX could reach as high as 1000. Now that we’ve crossed that magic number and you can hear the sounds of champagne being opened around the country, we must look forward. It’s important not to...
Tags: US Market, Jeff Pierce
External links 2009-08-04
Is the Dow Starting to Stall?
Jeff Pierce submits: The Dow seems to be stalling like it did back in June. This time could be a different end result as we’re right near resistance and a rejection wouldn’t be unreasonable. I wouldn’t be shorting this until the breakdown occurs, as the trend is still up...
Tags: US Market, Jeff Pierce
External links 2009-07-30
Market Watch: Three Bearish Signs
Jeff Pierce submits: After a bounce off of the 50 day moving average we dropped right through it click on chart to enlarge. We may bounce temporarily off the 200 day moving average, but now all signs point down.RSI has been in a downtrend since May and the market will...
Tags: US Market, Jeff Pierce
External links 2009-07-09
Market Outlook: Bulls Losing Momentum?
Jeff Pierce submits: A few indicators that I follow are starting to crack and look to be heading back down to the March lows. If these indicators are telling us anything it’s that the market’s character is starting to change and the bulls are losing momentum. There is a...
Tags: US Market, Jeff Pierce
External links 2009-06-18
Bullish Mondays
Jeff Pierce submits: I was looking at the Dow’s chart last night, tilting my head trying to decide if this is a new leg up or an exhaustion gap and something jumped out at me. This may be nothing, but it’s pretty interesting how Monday has been a very...
Tags: US Market, Jeff Pierce
External links 2009-06-02
Not Buying Yesterday's Bullish Moves in Homebuilders
Jeff Pierce submits: The media tried to put a bullish spin on the housing data yesterday morning and justified yesterday's bullish move by saying the bottom is in and the data couldn’t possibly get any worse. When I look at the [[XHB]] I see a very bearish chart pattern...
Tags: US Market, Jeff Pierce
External links 2009-05-27
Bearish on Bonds
Jeff Pierce submits: The first chart is a weekly of [[TBT]] showing some serious resistance that we overcame today with volume increasing. It was all Fed generated, so to be safe I’ll monitor the action today to confirm yesterday's move. If we can stay above these levels, build a...
Tags: US Market, Jeff Pierce
External links 2009-04-30
Bearish Signs Abound
Jeff Pierce submits: The Vix is finding support near previous tops in the high 30’s. The RSI fails to fall below the 40 area and stay there, indicating it’s still in a bullish trading range, which typically is in the 40-80 range. On the flip side, a bearish trading...
Tags: US Market, Jeff Pierce
External links 2009-04-28