Stock Market Alert

Posted: November 14, 2013 in Uncategorized
Tags: , , , , , ,

At first look there is nothing to signal…alignment with the upper crescent tunnel.

But the Bollinger movement spooked me – so I started digging.

In the next 5 days there is the end of the triangular pattern that I shown on an earlier on the NYSE.

At this point the institutional investors (that have been watching by the sidelines the market the last 10 days) will have to re align their portfolio starting a rally or bring the market down selling.

One of the “what if” day is Thursday (NYC time).

Tomorrow there is the official confirmation of the next Fed Chairman Yellen and in her speech the market will try to gauge her intention about QE (the market now thinks March 2014) or a potential move from Tea Party Senator Paul to delay her nomination (as he wants a vote on auditing the Fed balance in exchange).

Plus there is an issue on the 10 and 30 years T Bond which are pushing yields (2.73% and 3.83% respectively with long term resistance at 3.4/3.5% and 4.1% / 4.2%). A breach of these long term resistances would make all the major research houses decrease the growth projection for the US.

I still think there is a while to go before we are in real danger on the yield sise (January/March) and I am still positive as a bias

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