Monday, February 3, 2014

Market Timing Update (2/3/14)

[EOD] Stocks -
The second leg of decline in stocks from their January high has now reached time equality with the first leg of decline from December high to mid-January low, offering another opportunity for a bottom. Let's see if it materializes and if it holds. See chart 1.
Chart 2 tracks a potential flat in the Dow. And also note the price structure differences across benchmark indexes.

[1040am] INDU/NDX/SPX update -

[830am] ES update -