“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Wednesday 30 December 2015

30 Dec 2015 - Yearly Bar Tracking

So far of the major markets, the only yearly bar at a positive going into year end is the SPX, DAX, CAC, NASDAQ.  While these 4 are positive, 2 (DAX, CAC) are sporting a reversal yearly candle. The SPX is at the dividing line between being bullish and bearish and should be interesting by closing tomorrow.  This leaves only the NASDAQ that is positive, which does not say much when you couple these with Indexes that are already in the red, ie. FTSE, DOW, NYSE, RUT, WLSH, and TSX.

Now add the international index, and you pretty much see either a red or a reversal yearly candle while positive.  Therefore, 2016 is looking pretty gloomy indeed.  however we still have tomorrow so who knows right?  If I have time this weekend I will compile the yearly charts for the above markets for your viewing pleasure.

SEN: Bearish (Up-trending)
ST: UP
PA: NA


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