EUR/USD Weekly Chart Showing Head And Shoulder Pattern! A pretty strong Head and Shoulder Pattern is being formed on EUR/USD Weekly Chart. Head and Shoulder pattern when formed at the end of an uptrend is a pretty strong signal for a trend reversal. Take a look at the following chart!     ...

  The Dow posted a new High today, and Closed higher as well. So did the S&P’s, the NASDAQs, and the NYSE Composite. The Transports did Close higher, but did NOT post a new High. The most interesting part of it all is the proliferation of bearish “Shooting Star” Candlestick patterns across many Indexes in many time frames, from the 180-minute down to and including the 30-minute, fol...

  The Indexes are Up again today.  The Industrials, the S&P 500, the NASDAQs, and the NYSE Composite all have posted new Highs.  The Transportation Index is higher than yesterday’s Close, but has NOT posted a new High.  I have an article at hand, dated this morning, which offers the opinion that a reason for the market’s continuing advance is that short sellers are continually t...

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I think it’s fair to say that the market stalled today. Not only was there no “final push;” the market even shaded off a little since I issued MarketPeek 1 earlier today. Here are Index Closings: Dow Industrials Down 19.12; Dow Transports Down 38.17; S&P 500 Down 1.18; NASDAQ Composite Down 2.54; NASDAQ 100 Down 7.99; NYSE Composite Up 11.12; the Russell 2000, Up 1.70. Apple closed Up $9....