Stock Market Decline Looks Set to Resume :: The Market Oracle …
Stock Market Decline Looks Set to Resume
/
Stock Markets 2014Jul 14, 2014 – 03:21 PM GMT
Good Morning!
The SPX appears to have completed a correction near a level where Micro Wave a equals Micro Wave c at 1976.61. We should see a resumption of the decline thereafter.
NDX filled a need for a final probe higher this morning. The NDX often reaches its highs after the SPX. However, this is the last day for such an event, Cyclically speaking.
VIX declined to its mid=Cycle support, where wave (ii) may find its support. A resumption of Minute Wave [iii] appears imminent.
GLD fell off its perch with a decline beneath its Minute Wave [iv] low.
ZeroHedge reports, “UPDATE: Gold is down 2.5% – the biggest daily drop since early Dec 2013”
Regards,
Tony
Our Investment Advisor Registration is on the Web
We are in the process of updating our website at www.thepracticalinvestor.com to have more information on our services. Log on and click on Advisor Registration to get more details.
If you are a client or wish to become one, please make an appointment to discuss our investment strategies by calling Connie or Tony at (517) 699-1554, ext 10 or 11. Or e-mail us at [email protected] .
Anthony M. Cherniawski, President and CIO http://www.thepracticalinvestor.com
As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals
Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.
Anthony M. Cherniawski
© 2005-2014 http://www.MarketOracle.co.uk – The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
Only logged in users are allowed to post comments.
Visit link –
Stock Market Decline Looks Set to Resume :: The Market Oracle …
See which stocks are being affected by Social Media
