Tag Archives: MEI indicator

Shanghai Stock Exchange Composite Index Hit Strong Resistance

Posted on January 18, 2012 by Michael Harris

After a 4.2% rally yesterday the Shanghai Composite Index came close to strong resistance and is retreating today. If resistance is broken to the upside we could see a substantial rise in the next few months.

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ETF Trends – Week of October 24, 2011

Posted on October 22, 2011 by Michael Harris

As of the close of Friday, October 21,  2011, there are only two changes in the ETF trend state table in relation to the close of the previous week as stock market indices, bonds, currencies and commodities remained on their short-term trend and away … Continue reading →

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ETF Technical Analysis – Week of October 10, 2011

Posted on October 8, 2011 by Michael Harris

As of the close of Friday, October 7, 2011, there is a change in the short-term trend of all tracked ETFs in relation to the close of the previous week. The usual market mode was observed where stock index ETFs, … Continue reading →

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QQQ Gap Filled. What’s next?

Posted on July 28, 2011 by Michael Harris

In my last post I talked about the QQQ gap at the open of Tuesday, July 18, 2011, and that it was very possible that it will be filled, triggering at the same time a broader market correction. The market demonstrated a … Continue reading →

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Is the Gap in QQQ From a Week Ago Significant?

Posted on July 26, 2011 by Michael Harris

There is a gap in the daily QQQ chart left behind five days ago, at the open of Tuesday, July 18, 2011. The open price was $58.09 and never moved lower. As a result the low of the day was … Continue reading →

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The State of ETFs – July 18, 2011 – The Week Ahead

Posted on July 17, 2011 by Michael Harris

As of the close of Friday, July 15, 2011, there are 8 changes in the ETF trend state table in relation to the close of the previous week. Four of the changes are related to the short and medium-term trend of SPY and … Continue reading →

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The State of ETFs – July 11, 2011 – The Week Ahead

Posted on July 10, 2011 by Michael Harris

As of the close of Friday, July 8, 2011, there are 7 changes in the ETF trend state table in relation to the close of the previous week. Four of the changes regard the short-term trend and two changes apply to … Continue reading →

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SLV Near Crucial Support Levels

Posted on June 28, 2011 by Michael Harris

SLV, the silver ETF, is approaching crucial support levels. After breaking the up-trendline T1, it is now close to testing the low of last month at the $32 level. If this support level fails, SLV will be faced with the … Continue reading →

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The State of ETFs – June 13, 2011 – The Week Ahead

Posted on June 12, 2011 by Michael Harris

As of the close of June 10, 2011, there are only two changes in the ETF trend state table in relation to the close of the previous week. There are also developing oversold conditions in stock index ETFs, which are close … Continue reading →

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The State of ETFs – June 6, 2011 – The Week Ahead

Posted on June 5, 2011 by Michael Harris

As of the close of June 3, 2006, there are six changes in the ETF trend state table in relation to the close of the previous week. However, two of those changes are very important and may signal the beginning of a … Continue reading →

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