big daddy's cool hand luke 'moi' wednesday, page-17

Morning,

The New York Advance/Decline Line has given a Sell Signal on the daily and may do so on the weekly soon as well.

I am also concerned about Germany struggling at such a key level near its 200 Day Moving Average.

I’ll leave it there for now. My notes are alongside the charts below.

All I can say is it would be a tough argument to go Long here.

Any thoughts out there?.....

Shonan Trader


NY Advance- Decline Line - Daily





NY Advance- Decline Line - Weekly





German Dax Index - Daily





Commodities Index - Daily





PS. For the newer HC members of our community, FYI below:

Bullish for Stocks/Commodities

• Falling US$
• Rising EURO vs. US$
• Rising Commodity Channel Index (CCI)
• Falling VIX
• XSO (Australian Small Ords Index – Often ahead of the trend)

Other Useful Links to help with some T/A Jargon:

Stochastic Oscillator (A.K.A. Stochastics. Stochs)
MACD
MACD and Stochastic Crossover
New York Advance/Decline Line
Commodity Channel Index (CCI)