With significant global market declines and continued turmoil as we move through the early part of 2014, today King World News is pleased to share a piece of legendary technical analyst Louise Yamada’s “Technical Perspectives” report. Yamada is without question one of the greatest technical analysts Wall Street has ever seen. This information is not available to the public and we are grateful to Louise for sharing her incredible work with KWN readers globally.
The portion below has an extremely interesting chart and is just a very small portion of what Yamada covered in her fantastic 48 page piece. A link to subscribe is located at the bottom of the piece.
By Louise Yamada Technical Research Advisors, LLC (“LYA”)
February 5 (King World News) – Major Global Market Rumblings, Turmoil & Black Holes
U.S. STOCK MARKET: Rumblings Under the Surface Suggest Defensive Action.
January got off to a bad start with the S&P 500, NYSE and DJIA highs put in place the last day of December. (Our December Interim Update now appears simply premature.) Thereafter, the incremental volume carried little progress in taking these markets higher, suggesting short-term churning (profit-taking under the surface). January has now ended as a down month, not a positive indication for the year ahead.
READ MORE
No comments:
Post a Comment