{"id":13724,"date":"2015-06-11T07:04:25","date_gmt":"2015-06-11T07:04:25","guid":{"rendered":"http:\/\/researchandinvestment.com\/?p=975"},"modified":"2015-06-11T07:04:25","modified_gmt":"2015-06-11T07:04:25","slug":"signs-of-recovery","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/","title":{"rendered":"Signs of recovery"},"content":{"rendered":"

A strong blue candle on the S&P 500 daily chart suggests that the latest correction is over. Penetration of the descending trendline would confirm. 21-Day Twiggs Money Flow recovery above zero would strengthen the signal. Recovery above 2120 would signal an advance to 2200*. Look for confirmation from the Dow Jones Industrial Average and Transport sector.<\/p>\n

\"S&P<\/p>\n

* Target calculation: 2120 + ( 2120 – 2040 ) = 2200<\/p>\n

CBOE Volatility Index (VIX) at 13 indicates low risk typical of a bull market.<\/p>\n

\"S&P<\/p>\n

Dow Jones Industrial Average also shows signs of a recovery. Reversal above 18000 would confirm the correction is over. Breakout above 18300 would offer a target of 19000*. 13-Week Twiggs Money Flow holding above zero continues to signal a healthy primary up-trend. Breach of support at 17500 is unlikely, but would warn of a correction to test primary support (and trendline) at 17000.<\/p>\n

\"Dow<\/p>\n

* Target calculation: 18300 + ( 18300 – 17600 ) = 19000<\/p>\n

Bellwether transport stock, Fedex surged to test primary resistance at $184. Rising 13-week Twiggs Money Flow indicates buying pressure. Breakout would offer a target of 204* — a positive sign for the economy.<\/p>\n

\"Fedex\"<\/p>\n

* Target calculation: 184 + ( 184 – 164 ) = 204<\/p>\n

A long tail on Canada’s TSX 60 suggests strong support at 855. Recovery above the descending trendline would indicate the correction is over. A 13-week Twiggs Momentum trough above zero would signal continuation of the primary up-trend, while breakout above 900 would offer a long-term target of 1000*.<\/p>\n

\"TSX<\/p>\n

* Target calculation: 900 + ( 900 – 800 ) = 1000<\/p>\n

Europe<\/h3>\n

Germany’s DAX is testing support at 11000. Recovery above the descending trendline would indicate the correction is over. Declining 13-week Twiggs Money Flow continues to warn of selling pressure, but penetration of the descending trendline would also suggest that buyers are back in control. Reversal below 11000 is unlikely, but would offer a target of 10000*.<\/p>\n

\"DAX\"<\/p>\n

* Target calculation: 11000 – ( 12000 – 11000 ) = 10000<\/p>\n

The Footsie is testing support at 6700\/6750. Declining 13-week Twiggs Money Flow continues to warn of selling pressure, but penetration of the descending trendline would suggest the return of buyers. Breakout above 7100 would confirm a primary advance with a long-term target of 8000*. Reversal below 6700 is unlikely, but would warn of a primary down-trend.<\/p>\n

\"FTSE<\/p>\n

* Target calculation: 7000 + ( 7000 – 6000 ) = 8000<\/p>\n

Asia<\/h3>\n

The Shanghai Composite broke 5000. The situation appears artificial, considering current economic data, and I believe the accelerating up-trend will lead to a blow-off.<\/p>\n

\"Shanghai<\/p>\n

* Target calculation: 3500 + ( 3500 – 2500 ) = 4500<\/p>\n

Retracement on Japan’s Nikkei 225 Index respected support at 20000, suggesting an advance to 22000*. Oscillation high above zero on 13-week Twiggs Momentum signals a strong primary up-trend.<\/p>\n

\"Nikkei<\/p>\n

* Target calculation: 20000 + ( 20000 – 18000 ) = 22000<\/p>\n

India’s Sensex is testing primary support at 26500. Rising 13-week Twiggs Money Flow indicates medium-term buying pressure, however, and recovery above zero would strengthen the signal. Respect of support and penetration of the descending trendline would suggest another primary advance. Breach of primary support is less likely, but would warn of a primary down-trend with support at 23000*.<\/p>\n

\"SENSEX\"<\/p>\n

* Target calculation: 26500 – ( 30000 – 26500 ) = 23000<\/p>\n

Australia<\/h3>\n

“Unemployment has fallen to a one-year low of 6 per cent in May as an estimated 42,000 jobs were added to the economy last month.” ~ ABC News<\/a><\/p><\/blockquote>\n

The ASX 200 found support at 5500 after solid employment numbers and a rally in US markets. Recovery above 5650 and the descending trendline would indicate the correction is over, suggesting a fresh advance. Breakout above 6000 is still some way off but would offer a target of 6500*. Reversal below 5450 remains as likely, however, and would warn of a test of primary support at 5120\/5150.<\/p>\n

\"ASX<\/p>\n

* Target calculation: 6000 + ( 6000 – 5500 ) = 6500<\/p>\n

Moderate decline of 13-week Twiggs Money Flow indicates medium-term selling pressure, typical of a secondary correction not a reversal.<\/p>\n

The Banking sector [XBAK] dragged the index lower over the last two months, but now faces solid support at its two-year low of 83. Twiggs Momentum (13-week) bearish divergence warns of a down-trend, but recovery above zero would suggest otherwise.<\/p>\n

\"ASX<\/p>\n

\n
\nMore….
\n<\/a>
\n<\/h2>\n

\n\t\t\t\tThe Impunity Trap by Jeffrey D. Sachs | Project Syndicate<\/a>
\n\t\t\t\t\t\t<\/h4>\n

\n\t\t\t\tRIP ZIRP | PIMCO<\/a>
\n\t\t\t\t\t\t<\/h4>\n

\n\t\t\t\tHow much longer can the global trading system last? | Michael Pettis<\/a>
\n\t\t\t\t\t\t<\/h4>\n

\n\t\t\t\tCrude retraces<\/a>
\n\t\t\t\t\t\t<\/h4>\n

\n\t\t\t\tGold breaks $1180 support<\/a>
\n\t\t\t\t\t\t<\/h4>\n

\n\t\t\t\tAustralian exports hammered<\/a>
\n\t\t\t\t\t\t<\/h4>\n

\n\t\t\t\tItzhak Perlman: Schindler’s List <\/a>
\n\t\t\t\t\t\t<\/h4>\n

\n\t\t\t\tMike Batt: Caravans (on the move) <\/a>
\n\t\t\t\t\t\t<\/h4>\n
\n

The law locks up the man or woman
\nWho steals the goose off the common
\nBut leaves the greater villain loose
\nWho steals the common from the goose.\n<\/p>\n

~ Medieval English ditty from Jeffrey Sachs The Impunity Trap<\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

A strong blue candle on the S&P 500 daily chart suggests that the latest correction is over. Penetration of the descending trendline would confirm. 21-Day Twiggs Money Flow recovery above zero would strengthen the signal. Recovery above 2120 would signal an advance to 2200*. Look for confirmation from the Dow Jones Industrial Average and Transport … <\/p>\n

Continue reading “Signs of recovery”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[18,57],"tags":[64,251,507,615,947,1113,1362,1481,2479,3010,3099,3504],"class_list":["post-13724","post","type-post","status-publish","format-standard","hentry","category-market-insights","category-stock-markets","tag-vix","tag-asx-200","tag-bse-sensex","tag-cboe-volatility-index","tag-dax","tag-dow-jones-industrial-average","tag-fedex","tag-ftse-100","tag-nikkei-225-index","tag-sp-500","tag-shanghai-composite","tag-tsx-60-index"],"yoast_head":"\nSigns of recovery - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signs of recovery - the patient investor\" \/>\n<meta property=\"og:description\" content=\"A strong blue candle on the S&P 500 daily chart suggests that the latest correction is over. 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Look for confirmation from the Dow Jones Industrial Average and Transport … Continue reading "Signs of recovery"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-11T07:04:25+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2015\/2015-06-11-spx.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Signs of recovery\",\"datePublished\":\"2015-06-11T07:04:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/\"},\"wordCount\":672,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-06-11-spx.png\",\"keywords\":[\"$VIX\",\"ASX 200\",\"BSE Sensex\",\"CBOE Volatility Index\",\"DAX\",\"Dow Jones Industrial Average\",\"Fedex\",\"FTSE 100\",\"Nikkei 225 Index\",\"S&P 500\",\"Shanghai Composite\",\"TSX 60 Index\"],\"articleSection\":[\"Market Insights\",\"Stock Markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/\",\"name\":\"Signs of recovery - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-06-11-spx.png\",\"datePublished\":\"2015-06-11T07:04:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-06-11-spx.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2015\/2015-06-11-spx.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/11\/signs-of-recovery\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Signs of recovery\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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The S&P 500 is testing medium-term resistance at 2120. Breakout would signal an advance to 2200*. Three weekly candles with long tails reflect medium-term buying pressure, while a 13-week Twiggs Money Flow trough\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"S&P 500 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-18-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-18-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-18-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13772,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/04\/asx-breaks-support\/","url_meta":{"origin":13724,"position":1},"title":"ASX breaks support","author":"ColinTwiggs","date":"June 4, 2015","format":false,"excerpt":"Australia The ASX 200 broke through the band of support between 5650 and 5550, warning of a test of primary support at 5120. Declining 13-week Twiggs Money Flow indicates medium-term selling pressure, typical of a secondary correction not a reversal. If we look at the two biggest sectors on a\u2026","rel":"","context":"In "Market Insights"","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-04-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-04-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-04-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13776,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/07\/09\/another-week-another-crisis\/","url_meta":{"origin":13724,"position":2},"title":"Another week another crisis","author":"ColinTwiggs","date":"July 9, 2015","format":false,"excerpt":"The crisis in Greece continues, dragging down stocks across Europe. Germany's DAX broke support at 11000, warning of a decline to 10000. Reversal of 13-week Twiggs Money Flow below zero would warn of a primary down-trend. Recovery above 11500 is unlikely, but would signal a fresh advance. The Footsie found\u2026","rel":"","context":"In "Market Insights"","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"DAX","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-09-dax.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-09-dax.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-07-09-dax.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10440,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/29\/dow-and-sp-500-remain-bullish\/","url_meta":{"origin":13724,"position":3},"title":"Dow and S&P 500 remain bullish","author":"ColinTwiggs","date":"July 29, 2014","format":false,"excerpt":"Dow Jones Industrial Average found support at 16950, with long tails indicating short-term buying pressure. Recovery above 17075 would indicate a fresh advance; above 17150 would confirm. A close below 16950 is less likely, but would warn of a correction to 16500. The decline of 21-day Twiggs Money Flow indicates\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"Dow Jones Industrial Average","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-29-dow.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-29-dow.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-07-29-dow.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13771,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/05\/23\/stocks-find-support\/","url_meta":{"origin":13724,"position":4},"title":"Stocks find support","author":"ColinTwiggs","date":"May 23, 2015","format":false,"excerpt":"Breakouts on the S&P 500 and in China and Japan, together with buying support across Europe and Asia, indicate a broad resurgence. North American Stocks The S&P 500 is retracing to test the new support level at 2120 after its recent breakout. Respect of support would confirm a further advance\u2026","rel":"","context":"In "Market Insights"","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"S&P 500 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-23-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-23-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-23-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10791,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/03\/dow-finds-support\/","url_meta":{"origin":13724,"position":5},"title":"Dow finds support","author":"ColinTwiggs","date":"September 3, 2014","format":false,"excerpt":"Dow Jones Industrial Average retraced to test support at 17000. Respect is likely and would indicate a fresh advance. Follow-through above 17150 would confirm a target of 17500*. Recovery of 21-day Twiggs Money Flow above its July peak would strengthen the signal. Reversal below 16950 is unlikely, but would warn\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"Dow Jones Industrial Average","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-03-dow.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-03-dow.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-09-03-dow.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=13724"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/13724\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=13724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=13724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=13724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}