[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

You Know What Happens Next

Cash Jordan: Half-Built Tower Abandoned… as ICE Deports Entire ‘Migrant Workforce’

Heavy rainfall causes flash flooding Tuesday night, some cars stuck in high water on Chicago's West

Biden Doctor PLEADS THE FIFTH, Refuses To Testify To Congress, Biden Pardons ARE VOID

Joe Rogan says FBI director Kash Patel played him for a fool and maga for fools with the Jeff Epstein files

Elon's AI System "Grok" Went Rogue And Has Been SHUT DOWN in an Emergency!

Earthquake Swarms at One of the MOST DANGEROUS Volcanoes in the USA

Ben Shapiro Declares Epstein Case CLOSED: ‘Facts on the Ground Have Changed’

Iran receives 40 Chinese J10-C Fighter Jets

China’s Railgun Is Now Battle-Ready, Thanks to Nuclear Power

Chinese Hypersonic Advancements! Deadly new missile could decimate entire US fleet in 20 minutes

Iran Confirms Massive Chinese HQ 9 B Missile Deal

Why Is Europe Hitting 114°F And Still Rising?

The INCREDIBLE Impacts of Methylene Blue

The LARGEST Eruptions since the Merapi Disaster in 2010 at Lewotobi Laki Laki in Indonesia

Feds ARREST 11 Leftists For AMBUSH On ICE, 2 Cops Shot, Organized Terror Cell Targeted ICE In Texas

What is quantum computing?

12 Important Questions We Should Be Asking About The Cover Up The Truth About Jeffrey Epstein

TSA quietly scraps security check that every passenger dreads

Iran Receives Emergency Airlift of Chinese Air Defence Systems as Israel Considers New Attacks

Russia reportedly used its new, inexpensive Chernika kamikaze drone in the Ukraine

Iran's President Says the US Pledged Israel Wouldn't Attack During Previous Nuclear Negotiations

Will Japan's Rice Price Shock Lead To Government Collapse And Spark A Global Bond Crisis

Beware The 'Omniwar': Catherine Austin Fitts Fears 'Weaponization Of Everything'

Roger Stone: AG Pam Bondi Must Answer For 14 Terabytes Claim Of Child Torture Videos!

'Hit Us, Please' - America's Left Issues A 'Broken Arrow' Signal To Europe

Cash Jordan Trump Deports ‘Thousands of Migrants’ to Africa… on Purpose

Gunman Ambushes Border Patrol Agents In Texas Amid Anti-ICE Rhetoric From Democrats

Texas Flood

Why America Built A Forest From Canada To Texas


Immigration
See other Immigration Articles

Title: Market WrapUp (07-26-05)
Source: Financial Sense Online
URL Source: http://www.financialsense.com/Market/wrapup.htm
Published: Jul 26, 2005
Author: Ike Iossif
Post Date: 2005-07-26 19:54:01 by Arete
Ping List: *unUsual Suspects*     Subscribe to *unUsual Suspects*
Keywords: (07-26-05), Market, WrapUp
Views: 392
Comments: 36

Financial Sense Online  Market WrapUp with Ike Iossif 07/26/2005

Home  l  Broadcast  l  Market Monitor  l  Top 10  l  Storm Watch  l  Sitemap  l  About Us

Today's WrapUp by Ike Iossif 07.26.2005  Mon   Tue   Wed   Thu   Fri   Archive


WEEKLY CHARTS


Above 10750 it goes to 10900; if it stalls again at 10750, it will re-test the 10500 level.


It is at resistance in the 3700-3725 zone, and we would expect a pullback from this zone.


SP500: It made it up to resistance at 1240. We would expect a
pullback from this level starting in the middle of the week.


NASDAQ: It almost made it to resistance at 2210. We would expect
a pullback from this level, starting in the middle of the week.

 
HUI: It has resistance at 205, support at 190. Above 205 it goes to 225, and below 190 it goes to 178.


Oil: If it can stay above $55, it will rally to $62.50 and then 67.5. If it closes below $55, it will go to $50.00.


The T.O. is trying to turn up. If it does, we ought to expect higher prices.


The T.O. is trying to turn up. If it does, we ought to expect higher prices.


The trend is UP for NASDAQ.


The trend is UP for the SP.

SUMMARY

Last week I said, "The McClellan Oscillators are at the zero line, the Volatility ratios are at new highs, the Quantifiers have turned down, and the rest of the indicators have diverged negatively; therefore, the odds are better than even that over the next 2-5 trading days we will get a pullback, but given the magnitude of the initial thrust of the move we also ought to expect support to hold."

(Current) We have half of the indicators implying that a pullback is to be expected next week, while the other half are implying that further price strength ought to be expected. When you put it all together it means that we ought to expect a choppy and difficult market to trade going forward. This type of market condition precedes market tops of significance, but we do not believe that such top is completed; it has a bit more to go. Nevertheless, we do believe that we ought to expect a pullback sometime this week, and depending upon how deep the pullback turns out to be, we will draw further conclusions with regard to how far we are into the topping process.

SUPPORT AND RESISTANCE LEVELS TO WATCH FOR

 DJIASP500NASDAQ
2nd Upside Target1115012752300
1st Upside Target1090012552250
Resistance1075012402210
Support1045012202140
1st Downside Target1025011882100
2nd Downside Target995011652040

Ike Iossif


Copyright © 2005 All rights reserved.

Ike Iossif
President & CIO Aegean Capital Group, Inc. &
Executive Producer MarketViews.tv


with Ike Iossif
Best Of The Best

Guest Consensus

Current Guest List

Expert Page
Ike's Bio
Commentary Archive
Ahead of The Trend on Newshour


Archived Shows

Back to Top

Home  l  Broadcast  l  Market Monitor  l  Storm Watch  l  Sitemap  l  About Us  l  Contact Us

Copyright ©  James J. Puplava  Financial Sense™ is a Registered Trademark
P. O.  Box 503147 San Diego, CA 92150-3147 USA  858.487.3939
Disclaimer


(17 images)

Subscribe to *unUsual Suspects*

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 14.

#1. To: All (#0)

Market WrapUp is Delivered!

Other news, views and commentary --

Amazon.com 2Q Net Profit Falls

U.S. consumer confidence eases in July

GMAC Will to Up to $55B in Auto Loans

US Steel Posts 16 Percent Rise in 2Q

International Paper 2Q Profit Declines

Reuters Reports More Job-Cut Plans

Tellabs 2Q Profit Slips 17 Percent

Electronic Arts Swings to a $58M Loss

Auto Sales Expected to Hit Four-Year High

Greenspan Has Spoken, China Is Revaluing And I'm Reevaluating

SOCIAL SECURITY - Beware of False Prophets

The Savvy Macrowave Investor - Yuan, Smuan

Richard W.

Arete  posted on  2005-07-26   20:10:55 ET  Reply   Untrace   Trace   Private Reply  


#14. To: Arete (#1)

The Savvy Macrowave Investor - Yuan, Smuan

Boy, you can say that again with emphasis. Schumer got schmucked and Snow got snowed. 2% revaluation and no expectations of any further devaluations, the announcement made today by the Chineseses.

imawit  posted on  2005-07-27   1:10:09 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 14.

        There are no replies to Comment # 14.


End Trace Mode for Comment # 14.

TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]