Stock Market Retracements Appear to be Nearing Completion :: The …

Stock Market Retracements Appear to be Nearing Completion :: The …

Stock Market Retracements Appear to be Nearing Completion

Stock-Markets

/

Stock Markets 2015May 27, 2015 – 04:44 PM GMT

By: Anthony_Cherniawski

SPX has overshot its 2117.42 target but seems to be wrapping up its retracement under the 61.8% retracement level. Not only is this good positioning for a short position, but it appears that it will be triggering its small Orthodox Broadening Top. The target for this formation may be as low as 1623.00. In any event, this appears to be fertile ground for a Flash Crash.

VIX is challenging its mid-Cycle support at 13.30, also a little deeper than I had expected. However, it appears ripe for a reversal without having filled the gap left behind on Monday morning.

The Hi-Lo Index retraced a small portion of its decline, but remained on the aggressive sell signal for the moment. It, too, may venture lower later today.

YNX has tested its Head & Shoulders neckline. Although not overbought, it may have at least relieved the oversold condition enough to resume its Wave [iii] decline.

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

Archive

© 2005-2015 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.

Register/ Log in

Read this article – 

Stock Market Retracements Appear to be Nearing Completion :: The …

Share this post

Comments (0)