monday morning

SHORT TERM:
Quiet overnight with europe coming in flat and the NIKK and ASX making new highs, HSI was closed. The futures reflected that with a quiet opening and some buying into 10AM. The market seems to be trying to find a foundation here from which to continue the advance. The ES futures continue to act well, need to surpass 1290.50 to resume the rally, it’s action still looks impulsive. TRANsports made a new high on the open. Best to your day!
INTERMEDIATE TERM: NEUTRAL
LONG TERM: BULLISH  

About tony caldaro

Investor
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3 Responses to monday morning

  1. tony says:

    Almost there!
    Just looking for an impulse wave to appear in the daily charts of either the NAZ or the DOW.   

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  2. Anonymous says:

    Hi Tony:
     
    thanks for your weekend email. I was wondering at what point you would turn short term and intermediate term bullish?
     
    thanks

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